DenAmerica Completes Sale Of Eleven Mr. Fable's Restaurants.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 22, 1997-- Company Continues To Focus Strategy On Denny's and Black-eyed Pea Formats DenAmerica Corp. (AMEX AMEX See: American Stock Exchange : DEN (Directory Enabled Networks) The management of a network from a central depository of information about users, applications and network resources. Originally an initiative from Microsoft and Cisco, DEN was turned over to the DMTF in 1998, and its extensions were made ), the nation's largest franchisee of Denny's restaurants and the owner and franchisor of the Black-eyed Pea (BEP BEP Black Eyed Peas (band) BEP Brevet d’Études Professionnelles (French: vocational qualification) BEP Business Entry Point BEP Break-Even Point BEP Bit Error Probability BEP Bureau of Engraving & Printing ) restaurant chain, today announced that it has sold 11 Mr. Fable's restaurants (located in Western Michigan
Western Michigan, also known as West Michigan, is a region of the U.S. state of Michigan. ) to a private investor group for cash and notes. Financial terms of the sale were not disclosed. Chairman and Chief Executive Officer Jack M. Lloyd stated, "The sale of the Mr. Fable's restaurants is consistent with our ongoing strategy of focusing on the Denny's and Black-eyed Pea concepts. After this transaction, we will be operating 15 restaurants which are not one of these two concepts, down from 82 in March 1996. We expect to convert these remaining restaurants to either the Denny's or Black-eyed Pea concepts by the end of the year." DenAmerica Corp., headquartered in Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " , currently operates approximately 296 family-oriented and casual dining, full-service restaurants, including 188 Denny's restaurants and 93 Black-eyed Pea restaurants. Company restaurants are located in 31 states, with the largest concentration in the West, Midwest and Southeast regions. CONTACT: Todd S Todd , Sir Alexander Robertus 1907-1997. British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures. . Brown Chief Financial Officer DenAmerica Corp. 602/483-7055 or Joseph N. Jaffoni Robert L. Rinderman Jaffoni & Collins Incorporated 212/505-3015 or jciir@aol.com |
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