Boston Chicken tops 1994 store count goals, arranges new area developer financing.GOLDEN, Colo.--(BUSINESS WIRE)--Jan. 9, 1995--Boston Chicken, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOST BOST Boston National Historic Park (US National Park Service) BOST Built Off-Chip Self Test ) Monday announced that it exceeded its original 1994 store count goal of 450 (later revised up to 525) to end the 1994 fiscal year with 534 Boston Chicken stores. Separately, the company also announced the completion of a $75 million equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
Boston Chicken opened in nine new states in FY94, increasing by nearly 150 percent the FY93 store count of 217 stores in 19 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . The company's fiscal year ended December 25, 1994; as of today, there are 544 Boston Chicken stores in 28 states and the District of Columbia. The acknowledged leader in the emerging home meal replacement segment of the foodservice industry, Boston Chicken has been referred to as the next "category killer Category Killer Large companies that put less efficient and highly specialized merchants out of business. Category killers can attain this status by being cheaper, easier, bigger, or more popular than the competition. " retail chain by some analysts. "We've exceeded our development goals due to the expertise of our area developers and fresh, convenient meals that consumers love," said Saad Nadhir, Boston Chicken vice chairman. "We expect to open more than one new Boston New Boston is the name of some places in the United States of America:
The capital will finance both existing and new equipment for the company's financed area developers. BankAmerica Leasing & Capital Group led a syndicate of 10 domestic and international financial institutions to complete the transaction. Boston Chicken, Inc. operates and franchises food service stores that specialize in complete meals featuring rotisserie roasted chicken and fresh vegetables, salads and other side dishes, including mashed potatoes n. pl. 1. Potatoes which have been boiled and mashed to a pulpy consistency, usu. with sparing addition of milk, salt, butter, or other flavoring. It is a popular accompaniment to a meat course [U.S., 1900's], providing bulk and calories to a meal. made from scratch. Boston Chicken meals combine the freshness and quality of traditional home cooking with convenience and value. There are currently 544 Boston Chicken stores in 28 states and the District of Columbia. CONTACT: Boston Chicken, Inc., Golden Gary Gerdemann, 303/384-5638 |
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