Elephant & Castle Group Inc. Announces Rick Bryant as Chief Executive Officer.MINNEAPOLIS--(BUSINESS WIRE)--August 2, 1999-- Elephant & Castle Group Inc.(R) (Nasdaq:PUBSF, PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :PUB) today announced that Rick Bryant has been promoted from Chief Financial Officer to Chief Executive Officer. As President, Mr. O'Dowd will be responsible for the overall strategic direction of the Company with a primary focus on development and partnerships. He has served as a director on the board for the past four years. Mr. O'Dowd was appointed to his current position in 1998 as President and Chief Executive Officer. He put into place many new relationships that have furthered the Company's development and business opportunities. In his new role, Mr. O'Dowd will be positioned to pursue additional outside interests, while continuing to provide the Company with his expertise in restaurant chain development. Rick Bryant has accepted the promotion to Chief Executive Officer for the Company. In his new role, he will lead and provide oversight of all daily operational activities for the Company throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Mr. Bryant has been the Company's Chief Financial Officer since 1997; in his new position he will continue to manage and execute all financial strategies. Prior to joining Elephant & Castle, Mr. Bryant worked for Keg Restaurants as their Chief Financial Officer. Martin O'Dowd, President, stated, "Having worked with Rick Bryant for over two years, I am certain that he possesses the full range of skill sets necessary to move the Company forward in the years ahead. He has an in-depth knowledge of the industry and remarkable leadership skills." Elephant & Castle(R) Group Inc. is the largest operator of authentic British-style pubs with 20 locations throughout North America. In addition, the company owns and operates the Southwestern-theme restaurant concept called Alamo Alamo Eighteenth-century mission in San Antonio, Texas, site of a historic siege of a small group of Texans by a Mexican army (1836) during the Texas war for independence from Mexico. Grill(TM), currently located at the Mall of America Mall of America (also MOA, MoA, or the Megamall) is a shopping mall located in the Twin Cities suburb of Bloomington, Minnesota. It is just southeast of the junction of Interstate 494 and Minnesota State Highway 77, and is across the interstate from the in Bloomington, Minnesota Bloomington is a city in Hennepin County, Minnesota, and a southern suburb of Minneapolis. As of 2005, it had a population of 84,347, making it the largest Twin Cities suburb, and the fifth largest city in the state[1]. and Franklin Mills Franklin Mills is an enclosed shopping mall located in northeast Philadelphia, Pennsylvania, bordering Bensalem in Bucks County and 15 miles outside Center City.[1] Mall in Philadelphia, Pennsylvania. These two brands are franchised throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Elephant & Castle Group Inc. also has a joint venture agreement with Rainforest Cafe Rainforest Cafe is a themed restaurant chain owned by Landry's Restaurants, Inc. of Houston, Texas. It was founded and created by entrepreneur Steven Schussler. Description Inc. - Nasdaq - (RAIN) to develop, own and operate the Rainforest Cafe restaurant and retail facilities in Canada. This news release (as well as information included in oral statements or other written statements made or to be made by the Company) may contain forward-looking statements, such as statements relating to future expansion, that involve risks and uncertainties relating to future events. Actual events or the Company's results may differ materially from the results discussed in the forward-looking statement. The Company does not expect to update forward-looking statements continually as conditions change. These risks and uncertainties include, but are not limited to, those relating to competition, fluctuations and changes in consumer preferences and attitudes, intellectual property protection, development and construction activities. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements contained in the company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission for the fiscal year ended Dec. 28, 1998. |
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