Classic Restaurants International, Inc. Signs Letter Of Intent To Purchase Frankie's -- A Popular Atlanta Nightspot.ATLANTA--(BUSINESS WIRE)--Oct. 31, 1996--Classic Restaurants International (OTC-BB:CRET Cret Cretan (linguistics) CRET Color Resolution Enhancement Technology CRET Color Ret ) announced today that the company has signed a Letter of Intent to acquire a majority interest in Frankie's Restaurant, a well-known, sports-themed restaurant in Atlanta, and a favorite hangout for many professional athletes. This acquisition is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent satisfactory due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and financing. "The addition of Frankie's will enable Classic Restaurants International to diversify from our base of musical entertainment restaurants into the even more popular realm of sports-themed entertainment," said Bob Shaw
Classic Restaurants currently owns two Musicana dinner theaters in Florida. With locations in upscale Boca Raton Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. and Clearwater, each Musicana dinner theater features performances six nights a week by young and talented waiter-performers who entertain audiences of all ages and a particularly popular with the large number of older adults in each local area. Both Musicana locations have received critical acclaim for their fine dining and great entertainment value. The Company has been in negotiations with major cruise lines
Name Headquarters A'rosa Europe NCL America America AIDA Cruises Europe American Cruise Lines America to provide entertainment production services as well as the Musicana format. Classic Restaurants also has plans to acquire other themed-restaurant chains. Classic Restaurants International is a holding company engaged in the acquisition and development of site locations in the food and entertainment industry. CONTACT: Classic Restaurants International, Inc. Bob Shaw, President and CEO 770/729-9010 or Continental Capital & Equity Corp. Jimmy Holton, 407/875-1110 www.insidewallstreet.com |
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