Congress Rotisserie revenues increase 16 percent for fiscal year 1995 -- Congress Rotisserie, rotisserie chicken and sandwich chain to expand menu.

HARTFORD, Conn.--(BUSINESS WIRE)--Nov. 17, 1995-- Congress Rotisserie Inc. (OTC/CONGA) reported increased revenues and income before taxes for the fiscal year ended June 30, 1995 (fiscal year 1995) compared to the fiscal year ended June 30, 1994 (fiscal year 1994).

Total revenues for the fiscal year 1995 were $1,821,420, an increase of 15.6 percent over total revenues of $1,575,742 in fiscal year 1994. Income before income taxes was $65,587 for the fiscal year 1995, an increase of 14.8 percent compared to income before taxes of $57,153 for the fiscal year 1994. Net income for the fiscal year 1995 was $34,876 (or earnings per share of $.05) compared to $43,199 (or earnings per share of $.06) for the fiscal year 1994. Net income was impacted by a higher rate of income taxes paid in fiscal year 1995 (46.8 percent) compared to the lower rate of only 24.4 percent paid in fiscal 1994. Also, the earnings per share for fiscal year 1995 were calculated based on 750,000 weighted average shares outstanding compared to 686,232 weighted average shares outstanding in fiscal year 1994.

As of the fiscal year end 1995, total assets were $1,106,971 compared to $1,039,343 as of the fiscal year end 1994. Stockholders' equity as of: the fiscal year end 1995 was $983,799 compared to $948,923 as of the fiscal year end 1994.

"A major thrust of business development in 1995 was an introduction of new products," stated Louis J. Miazga, president of Congress Rotisserie. "These new product offerings include roasted turkey, pot roast, sauce-roasted meatloaf and several new sandwiches. These products are being launched initially through our own company stores, and are at varying stages of development for the franchise network of Congress Rotisserie stores. Objectives for the possible menu expansion are: to broaden the menu selection, to reach new customers and to raise the frequency of customer visits. We believe these new products are capable of accomplishing our objectives. Local market advertising and promotions for these new products will be implemented in fiscal year 1996. We believe these new menu items will produce additional revenues and attract new customers throughout the Congress Rotisserie system."

Construction of a new company restaurant in Wethersfield, Conn. began in October 1995 and is projected to open in January 1996. The company intends to strengthen its strong existing trade area with emphasis on company store development. New franchisee expansion will concentrate on Congress Rotisserie's strong homebase presence, with territories targeted contiguous to its own established trade area.

"In 1996," added Miazga, "we will endeavor to increase sales and earnings with emphasis on products, concepts, enhancement of our present operations and the continued growth of our restaurant chain." -0-

Congress Rotisserie and its affiliates operate and frachise retail outlets operating under the name of Congress Rotisserie primarily in the Northeast and Southwest and most recently in the Midwest. The menu features rotisserie-roasted chicken, made-to-order sandwiches and entree salads. Everything on the menu, including the bread, is made-from-scratch...every day.

CONTACT: Congress Rotisserie

Louis J. Miazga or Marge Morrissey, 860/549-2211