Boston Restaurant Associates, Inc. Begins Construction in Saudi Arabia.Business Editors BOSTON--(BUSINESS WIRE)--Feb. 9, 2000 Boston Restaurant Associates, 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 : BRAI) (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). : BNR BNR Bulgarian National Radio BNR Banca Nationala a României (National Bank of Romania) BNR Biological Nutrient Removal (sewage treatment) BNR Bell Northern Research BNR Body Not Recovered BNR Big Nerd Ranch ) Boston Restaurant Associates, Inc. announced today, that its franchisee in Saudi Arabia has begun construction on a Polcari's North End Restaurant. 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. , commented, &uot;A Mideast expansion has begun and we anticipate the opening of the first restaurant in Saudi Arabia in the early summer. We are enthusiastic that we have an experienced operator with excellent financial capabilities as a franchisee for the Saudi Arabia development.&uot; BOSTON RESTAURANT ASSOCIATES, INC. owns 14 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 &uot;forward-looking statements&uot; 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. |
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