Elephant & Castle sign Seattle deal, close to clinching Boston.VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 24, 1997--Elephant & Castle Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PUBSF, PACIFIC: PUB) announced today the company has signed an agreement to lease space for a new restaurant in Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. and is close to completing a similar deal in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New . Both restaurants would be located in hotels, the strategic direction for E&C expansion, and the openings, which are scheduled to be effective in the first half of 1997, would bring the company's restaurant total to 23. Elephant & Castle Group Inc. announced earlier that it has entered into a letter of intent to establish a new company that would be the exclusive licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of 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 Restaurants in Canada. It is anticipated that the Canadian venture will develop a minimum of five Rainforest Cafes throughout Canada and will open the initial unit within 12 months of completing the definitive agreement. In other news, President and Chief Executive Officer, Jeffrey Barnett said that despite strong sales in the early part of December, some of the worst winter weather in years in the Pacific Northwest resulted in disappointing fourth quarter operating results. Mr. Barnett said that in general revenues for the quarter were up, but last week to ten days were a disappointment at two of the company's restaurants and negatively impacted two others. He said the company is now expecting to report a loss for the fourth quarter. CONTACT: Elephant & Castle Group Inc. Wendy Lowrie, Investor Relations Investor relations The process by which the corporation communicates with its investors. , 604/684-6451 |
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