COUNTRY STAR RESTAURANTS, INC. ENTERS INTO INVESTMENT BANKING RELATIONSHIP WITH JOSEPHTHAL LYON & ROSS INCORPORATED.LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Jan. 14, 1997--Country Star Restaurants, Inc. (Nasdaq Symbols: CAFE and CAFEP CAFEP Certificat d'Aptitude aux Fonctions d'Enseignement du Privé (French) ) announced today that it has entered into a financial advisory and investment banking agreement with Josephthal Lyon & Ross Incorporated, a 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 based full-service investment banking firm. The agreement covers a broad range of services including assisting the Company in securing short-term and permanent financing Permanent financing Long-term financing using either debt or equity. permanent financing The long-term financing that supports a long-term asset. , exploring and evaluating potential strategic alliances in connection with the Company's ongoing operations and anticipated expansion, and advice designed to enhance stockholder value. Robert J. Schuster, Chief Executive Officer of the Company, stated that "We are very pleased to sign this comprehensive agreement with Josephthal. We believe that Josephthal will be able to greatly assist the Company in focusing its operations, as well as provide guidance in connection with the direction and growth of the Company so as to benefit all of the Company's stockholders." Country Star Restaurants, Inc. owns and operates three Country Star American Music Grills: in Hollywood, adjacent to Universal Studios; in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. on the famous "Strip" at Harmon Avenue; and in Atlanta, Georgia in the upscale "Buckhead" neighborhood. The Company has also signed a lease to open a Country Star Restaurant in Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. on International Drive later this year. The foregoing press release contains forward looking statements, including statements regarding, among other items, the timing and direction of the Company's growth and additional capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . These forward looking statements are based largely on the Company's expectations and subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could differ materially from these forwarding looking statements as a result of a variety of factors including, among others, completion (and timeliness of the completion) of the Point Orlando Entertainment Center where the Company's Country Star Orlando Restaurant is to be located, performance of the Company's existing Country Star American Music Grill Restaurants in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Las Vegas and Atlanta, expansion opportunities for future Country Star American Music Grill Restaurants, and prevailing economic conditions as they effect the themed entertainment restaurant industry in general. In light of these risks and uncertainties there can be no assurance that the forward looking statements contained in this press release will in fact transpire or prove to be accurate. CONTACT: Peter R. Feinstein, President and Chief Financial Officer Country Star Restaurants, Inc. 310/268-2200 |
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