Country Star Restaurants Inc. receives additional private placement financing.LOS ANGELES--(BUSINESS WIRE)--Feb. 21, 1996--Country Star Restaurants Inc. (NASDAQ/NMS:CAFE and CAFEP CAFEP Certificat d'Aptitude aux Fonctions d'Enseignement du Privé (French) ) has received additional funds from entities related to a previous private investor in the company for an aggregate of $1.235 million from such private investors, all of whom are related to Dan Rubin, a major shareholder in the company, it was announced Tuesday by Peter Feinstein, president and CFO See Chief Financial Officer. . Specifically, the company received $635,000 in addition to the $600,000 previously received by the company as announced on Dec. 22, 1995. The aggregate amount will provide initial development funds for a future Country Star restaurant. "This is an exciting development for the company and our shareholders. With this type of capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. , we can look forward to securing a lease of a fourth Country Star restaurant site by the end of calendar 1996," stated Robert Schuster, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Country Star Restaurants. "I believe in Mr. Schuster, Mr. Feinstein, and their management team and am excited by Country Star's outstanding potential for growth," stated Rubin. The company opened Country Star Hollywood, its first restaurant, in August 1994, located adjacent to the Universal Studios Hollywood theme park and Universal CityWalk Universal CityWalk is a part of Universal Studios Hollywood, Universal Orlando Resort and Universal Studios Japan originating from Universal's first park, Universal Studios Hollywood. development in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Since that time, Country Star has enjoyed national exposure and has been featured on such programs as CNN's "Showbiz Today," "Entertainment Tonight," "Extra!," E! Entertainment Television, Turner Entertainment Report and ABC's "Mike & Maty," among others. The company's second restaurant, Country Star 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. , which will occupy approximately 21,000 square feet and seat more than 500 people, will be located in Las Vegas on the World Famous "Strip" (Las Vegas Boulevard South) within one square block of approximately 30,000 hotel rooms. Its third restaurant, Country Star Atlanta, will be located in the upscale section of Buckhead, the Olympic City's premier dining-out destination. Both Country Star Las Vegas and Country Star Atlanta are presently under construction and are scheduled to open in early summer 1996. Country Star Restaurants Inc., for which world-renowned country music artists Vince Gill  The introduction of this article is too short.To comply with Wikipedia's lead section guidelines, it should be expanded. , Reba McEntire and Wynonna, and television personalities Lorianne Crook and Charlie Chase are spokespersons, develops, constructs, owns and operates country music theme restaurants combining high-quality, moderately priced food with a family-oriented environment. -0- NOTE TO EDITORS: For more information or a press kit including color photos contact: Peter Feinstein, President/CFO, Country Star Restaurants Inc., 310/268-2200 CONTACT: Country Star Restaurants Inc., Los Angeles Peter Feinstein, 310/268-2200 |
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