Boston Restaurant Associates Officers and Directors Increase Holdings By 41 Percent.BOSTON--(BUSINESS WIRE)--April 27, 1998--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, BRAIW)(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 , BNRW) announced today that as part of the recent oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. rights offering, officers and directors increased their personal holdings by 803,000 shares, an increase of 41 percent over the previously owned 1,940,585 shares. The total of 2,743,585 shares now owned by officers and directors of the company represents about 39 percent of the total currently outstanding common shares. George Chapdelaine, president and chief executive officer, said: "It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see this vote of confidence by literally every officer and director, all of whom fully subscribed to the rights offering, and in some cases oversubscribed. This significant investment on the part of our committed and experienced Board of Directors demonstrates the Board's confidence in our business plan and the willingness of individual Board members to put their own money on the line." Boston Restaurant Associates, Inc. owns and operates a chain of nine pizzerias operating under the name Pizzeria Regina. The company also operates Pocari's North End, an Italian restaurant. CONTACT: Boston Restaurant Associates, Inc. George Chapdelaine, 781/231-7575 |
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