CBRL Group Announces Filing of Registration Statement for Proposed Initial Public Offering of Logan's Roadhouse, Inc.LEBANON, Tenn. -- Investor Conference Call Scheduled for July 18 CBRL CBRL CBRL Group, Inc (stock symbol) CBRL Council for British Research in the Levant (UK) Group, Inc. (Nasdaq:CBRL) today announced that its subsidiary, Logan's Roadhouse Logan's Roadhouse is a chain of restaurants that was founded in 1991, and in 1999 became a wholly owned subsidiary of the publicly held CBRL Group, Inc (which also owns Cracker Barrel). Inc. ("Logan's) has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") for the initial public offering (the "IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ") of Logan's common stock. After the IPO, CBRL Group will have no ownership interest in Logan's. The number of shares to be offered and the price range for the IPO have not yet been determined. Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. will be the lead manager and the sole book-runner of the IPO. While other underwriters may join the syndicate in the future, those underwriters have not been determined at this time. Copies of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders , when they become available, may be obtained from Wachovia Securities, 375 Park Avenue, 4th Floor, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10152. In conjunction with the filing, CBRL Group also announced that G. Thomas Vogel has been named President and Chief Executive Officer of Logan's effective immediately. Vogel had been President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Logan's since August 2003. Also related to the registration process and the need for parallel financial statement audits and reporting of both CBRL Group and Logan's, CBRL Group announced that it will delay its fourth quarter earnings press release and conference call by one week from Tuesday, September 12, 2006 to Tuesday, September 19, 2006. CBRL Group will provide an online, real-time webcast of a conference call on Tuesday, July 18, 2006 in which CBRL Group management will discuss the information contained in this news release. The live broadcast will be available to the public online at www.CBRLGroup.com or www.earnings.com on July 18, 2006 beginning at 11 a.m. New York time. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About CBRL, Inc. and Logan's Roadhouse, Inc. Headquartered in Lebanon, Tennessee, CBRL Group, Inc. presently operates 543 Cracker Barrel Old Country Store(R) restaurants and gift shops located in 41 states and 141 company-operated and 25 franchised Logan's Roadhouse(R) restaurants in 20 states. |
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