Cluckcorp International Inc. signs non-binding letters of intent to acquire home meal replacement restaurants.SAN ANTONIO--(BUSINESS WIRE)--Oct. 21, 1996--Cluckcorp International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Smallcap: ROTI ROTI Recording Optical Tracking Instrument (telescope for tracking rocket launches) ROTI Return on Technology Investment (financial analysis of IT intangible factors & total cost of ownership) , ROTIW) announced today that it had signed non-binding letters of intent to acquire five operating home meal replacement restaurants in the Pacific Northwest and the Southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . These acquisitions are part of a larger program to acquire restaurants that will complement the company's area development activities. A company spokesman indicated that, if the restaurants are acquired, the company will convert them into its new Harvest Rotisserie home meal replacement concept. The company does not intend to operate the acquired stores as company stores but will seek to sell these stores to certain area developer franchisees. The company has also entered into discussions in connection with financing the acquisition of the stores. The company's Harvest Rotisserie Restaurants will offer high quality, value oriented, fresh made portable foods with a quick service, drive-through environment. The menu features a proprietary oak roasted chicken and a fresh rotisserie roasted turkey plus roast glazed glaze n. 1. A thin smooth shiny coating. 2. A thin glassy coating of ice. 3. a. A coating of colored, opaque, or transparent material applied to ceramics before firing. b. ham, meatloaf, sandwiches and approximately 20 signature side dishes and desserts. CONTACT: Cluckcorp International Inc., San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. 210/824-2496 |
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