DenAmerica Shareholders Approve Name Change to Phoenix Restaurant Group.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 1, 1999-- DenAmerica Corp. (AMEX AMEX See: American Stock Exchange :DEN), the owner and operator 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 and a leading franchisee of Denny's restaurants, today announced the Company's shareholders approved a corporate name change to Phoenix Restaurant Group, Inc. at the Annual Meeting of Shareholders on June 29, 1999. The Company's shares will continue to be listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , and the symbol will be changed to "PRG PRG Parti Radical de Gauche (French: Left Radical Party) PRG Purge PRG Programming Research Group (Oxford University) PRG Preliminary Remediation Goal PRG People's Revolutionary Government " on July 6, 1999. Phoenix Restaurant Group (formerly DenAmerica) operates full-service, family-oriented and casual dining restaurants, based primarily on the Company's own Black-eyed Pea restaurant concept and on the Denny's brand. Company restaurants are located in 25 states, with the largest concentration in the Southwest, Midwest and West regions. Except for the historical information in this press release, this press release includes forward-looking statements that involve risks and uncertainties, including, but not limited to, competitive pressures from within the restaurant industry, changes in the prices of food and beverages F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , quarterly fluctuations in results, the management of growth and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. Actual results may differ materially from management expectations. |
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