Classic Restaurants International makes announcement.

NORCROSS, Ga.--(BUSINESS WIRE)--June 25, 1997--Classic Restaurants International (OTC BB:CRET), the holding company of a very successful Musicana Dinner Theatre, announced that it has appointed VenGua Capital Markets Ltd. to act as investment bankers in raising funds and locating strategic acquisition candidates.

Classic Restaurants International is in a strong acquisitive mode, seeking to build on its success through the addition of strategic businesses, within the Holding Company.

Classic Restaurants International is also retaining VenGua Investor Relations, a comprehensive Investor Relations Company, as part of a co-ordinated plan through a targeted Investor Relations and Public Relations program to increase awareness of its successes and positive strategies.

The Musicana Dinner Theatres in Florida offer night out entertainment serving up a fine selection of food complemented by top quality musical performances all served by talented young waiter/players.

With the successful formula of the Musicana Dinner Theatres in Florida, achieving full bookings as much as one year in advance, Classic Restaurants will continue to expand this operation as well as evaluating other key businesses to acquire.

VenGua Capital Markets Ltd. specialises in mergers, acquisitions and strategic alliances for emerging growth companies covering Europe, Asia and North America. VenGua has an established formula for combining timely financing with corporate opportunities to enhance company growth.

CONTACT: Classic Restaurants International Inc.

Bob Shaw, 770/729-9010