Buscemi's International announces the acquisition of Country Inn and opening a Country Inn Restaurant.ROSEVILLE, Mich.--(BUSINESS WIRE)--Feb. 7, 1995--Buscemi's International Co. Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BUSC BUSC Ballistic United Soccer Club (Pleasanton, California) BUSC British University Snowsports Council (UK) BUSC Backup Security Control BUSC Berkshire United Soccer Club (Connecticut) ) a franchisor of 14 Buscemi's Party Shoppes and four Buscemi's Pizza and Sub Shoppes, announced the acquisition of Country Inn U.S.A. Inc. (``CI''), and the opening of a CI owned Country Inn Family Restaurant in Warren, Mich. The viability of the Country Inn restaurant concept was proven outside CI in 1993 when Anthony Buscemi, president of Buscemi's, and Joseph Vicari, developed and opened a very successful Country Inn restaurant in Grosse Pointe Grosse Pointe (grōs point), name referring to five residential suburbs of Detroit, Wayne co., SE Mich. They include the city of Grosse Pointe (1990 pop. 5,681), inc. 1879; Grosse Pointe Farms, city (1990 pop. 10,092), inc. 1893, on Lake St. , Mich. Country Inn offers high quality food cooked from scratch on the premises in a cozy Mountain Lodge Mountain Lodge was once the alternate summer residence of the Governor of Hong Kong since 1900. It was located on Victoria Peak on the Hong Kong Island in Hong Kong. The commanding view gave the then-Governor a view of the entire colony. atmosphere. CI was acquired by Buscemi's for 120,000 shares of Buscemi's common stock. The CI acquisition agreement contains a contingency requirement that Buscemi's raise at least $250,000 of equity by March 15, 1995 to fund expansion of the concept. CI owns all of the rights and recipes of Country Inn Family Restaurants and collects a management fee from the Country Inn restaurant located in Grosse Pointe. That Country Inn restaurant in Grosse Pointe is still owned by Anthony Buscemi and Joseph Vicari and not by CI or Buscemi's. The first CI owned Country Inn was opened in November 1994 in Warren, Mich. Joseph Vicari, president of CI, commenting on initial operating results for the location in Warren, said, ``We opened Country Inn to take advantage of the heavy growth in the Michigan market for family restaurants. We used actual split logs and field stone from Northern Michigan This article is about the region; for the university, see Northern Michigan University Northern Michigan - or more properly Northern Lower Michigan - is a region of the U.S. state of Michigan, popular as a tourist destination. on the exterior and added a stone fireplace, and log beams to the ceiling of the interior to create an atmosphere not seen in other family restaurants. ``Customer acceptance has been immediate and enthusiastic and revenues from this location are running substantially in excess of our projections.'' Vicari has been appointed to the board of directors of Buscemi's and also serves as ``Vice President - Operations'' for Buscemi's. Vicari owns and operates a number of other successful restaurants including: Andiamo Italia Ristorante in Warren, Mich.; Lido on the Lake Restaurant in St. Clair Shores, Mich.; Trattoria trat·to·ri·a n. pl. trat·to·ri·as or trat·to·ri·e An informal restaurant or tavern serving simple Italian dishes. [Italian, from trattore, host, from trattare Andiamo Italia Restaurant in Grosse Pointe, Mich.; and a Ram's Horn ram's horn n. Judaism A shofar. Noun 1. ram's horn - annual of southern United States to Mexico having large whitish or yellowish flowers mottled with purple and a long curving beak Family Dining Restaurant in Clinton Township Clinton Township can refer to:
Buscemi's also disclosed the specific terms of its acquisition of Durango Grill U.S.A. Inc. (``DG''), such acquisition having been announced on Nov. 30, 1994. BUSC issued 120,000 shares of its common stock to acquire DG. DG owns all the rights and recipes of Durango Grill. The DG acquisition agreement also contains a contingency requirement that BUSC raise at least $250,000 of equity by March 15, 1995 to fund expansion of the concept. The concept was developed by Chef Keith Famie Keith Famie (born February 11, 1960) was a contestant on the CBS reality television series, . He was the 14th person to be voted off. On the show, he was awarded an online chat with his girlfriend, where he proposed marriage and she accepted. , who, with partners, opened the first Durango Grill in Royal Oak, Mich. DG does not own the existing Durango Grill located in Royal Oak. The first DG owned Durango Grill is being developed by converting an existing 14,000 sq. ft. restaurant in Sterling Heights Sterling Heights, city (1990 pop. 117,810), Macomb co., SE Mich., on the Clinton River; platted 1835 as Jefferson Township, renamed 1838, inc. 1968. Largely rural until the mid-20th cent., the city grew as a suburb of Detroit, 19 mi (31 km) to the northeast. , Mich. This location will offer an expanded menu and use cowboy memorabilia throughout to create an atmosphere of a Hardrock Cafe and Planet Hollywood type restaurant, and will house a retail space selling western wear and other related merchandise featuring the Durango logo. Buscemi's currently has 1,346,014 shares of common stock issued and outstanding and is traded in the OTC market under the symbol ``BUSC.'' CONTACT: Buscemi's International Inc., Roseville Anthony Buscemi, 810/296-5560 |
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