Cucos Announces Intention to Engage Investment Banker to Advise on Strategy to Maximize Shareholder Value.NEW ORLEANS--(BUSINESS WIRE)--Nov. 1, 1999-- Cucos Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CUCO) announced today that the Board of Directors authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: its Chief Executive Officer to engage an investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. to advise the Company on various alternatives to enhance shareholder value. Such alternatives may include the raising of additional equity or debt, a strategic alliance with another company, a merger, acquisition, or sale of the Company. In the Company's 1998 Annual Report, it stated that, at the appropriate time, it would dedicate ded·i·cate tr.v. ded·i·cat·ed, ded·i·cat·ing, ded·i·cates 1. To set apart for a deity or for religious purposes; consecrate. 2. time and attention to exploring such alternatives once the downtrend downtrend A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend. in corporate results was reversed. The profitable Fourth Quarter and the anticipated reductions in losses for the first half of Fiscal Year 2000 presents appropriate timing for the Company to pursue these alternate possibilities. Cucos is a full service Mexican restaurant chain consisting of twelve company-owned restaurants and five franchised restaurants located primarily in the Southeastern United Sates. |
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