Boston Restaurant Associates Announces First Quarter Sales.SAUGUS, Mass.--(BUSINESS WIRE)--Oct. 4, 1999-- 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). 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. announced today that, "The first quarter same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of , as previously reported, continue to show increases." In addition, he announced that "The Company has begun to purchase company stock pursuant to previously announced plan to do so." He went on to say that he is pleased with the opening of the newest Pizzeria Regina in the Holyoke Mall, Holyoke, Massachsuetts. BOSTON RESTAURANT ASSOCIATES, INC. owns 12 Pizzeria Reginas and one 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. |
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