Boston Restaurant Associates, Inc. Announces the Beginning of Construction of Polcari's Located At the Cape Cod Mall, Hyannis.
BOSTON--(BUSINESS WIRE)--July 19, 2000
Boston Restaurant Associates, Inc. (NASDAQ NASDAQ
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BNR Big Nerd Ranch ) Boston Restaurant Associates, Inc. announced that it is constructing an additional Polcari's to open in Hyannis, Massachusetts. It is expected to open in the late fall of this year.
George R. Chapdelaine, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "We look forward to moving the Polcari's concept onto the Cape and believe that we will be well received in this location. We anticipate opening just prior to the holiday season."
Mr. Chapdelaine went on to say, "As we move into our dynamic expansion phase employees are the single most valuable asset a company has."
BOSTON RESTAURANT ASSOCIATES, INC. owns 13 Pizzeria Reginas and two Polcari's. In addition, the Company also franchises both Pizzeria Regina and Polcari's.
Statements about the company's future expectations, including future expansions, franchising, revenue and earnings, and all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time the Company's actual results could differ materially from expected results.