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KRYSTAL COMPANY SUBSIDIARY COMPLETES ACQUISITION

 CHATTANOOGA, Tenn., Jan. 13 /PRNewswire/ -- The Krystal Company (NASDAQ: KRYS) announced today that its wholly owned subsidiary, Krystal Aviation Co., has completed its previously announced acquisition of certain operating assets of Signal Aviation Services, Inc. used in Signal's fixed-base operation at Lovell Field in Chattanooga.
 Krystal Aviation Co. sells fuel, rents hangar space and provides airplane maintenance at Lovell Field. Terms of the transaction were not disclosed.
 Carl Long, chairman and chief executive officer of Krystal, said that the acquisition would result in Krystal achieving additional market share in its fixed-base operation, but would not have a material effect on Krystal's results of operations as a whole.
 The Krystal Company operates and franchises full-size Krystal and small "double drive-thru" Krystal Kwik quick-service hamburger restaurants. The Krystal Company currently operates 217 Krystal restaurants and 14 Krystal Kwik restaurants, while franchisees currently operate seven Krystal restaurants and 22 Krystal Kwik restaurants.
 -0- 1/13/93
 /CONTACT: Camden B. Scearce, vice president, chief financial officer, secretary, treasurer and controller of The Krystal Company, 615-757-1510/
 (KRYS)


CO: The Krystal Company; Signal Aviation Services, Inc. ST: Tennessee IN: SU: TNM

BN-RA -- AT004 -- 4449 01/13/93 11:38 EST
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Publication:PR Newswire
Date:Jan 13, 1993
Words:194
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