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MAIN ST. & MAIN INC. ANNOUNCES GRAND OPENING OF T.G.I. FRIDAY'S IN SEOUL, KOREA

 MAIN ST. & MAIN INC. ANNOUNCES GRAND OPENING
 OF T.G.I. FRIDAY'S IN SEOUL, KOREA
 SCOTTSDALE, Ariz., March 16 /PRNewswire/ -- Main St. & Main Inc. (NASDAQ: MAIN, MAIN-U) (the "company") announced the opening of the first T.G.I. Friday's restaurant in Seoul, Korea. The restaurant is the largest T.G.I. Friday's in the world, with a seating capacity of more than 500 seats.
 The company has a five-year management assistance agreement with Asian Star Co. Ltd., a Korean company ("Asian Star") to provide management services and the know-how relative to the development and operation of the T.G.I. Friday's concept in the Republic of South Korea. The company has been working with the management of Asian Star since the beginning of June 1991 in the site selection, design, construction, training and operation of the Friday's restaurant. The company will continue to work with Asian Star to develop Asian Star's exclusive franchise for T.G.I. Friday's restaurants in the Republic of South Korea.
 Steven Sherman, chairman and chief executive officer of the company, stated: "The company is pleased to have been instrumental in bringing the first 'casual dining concept' to the Korean culture. The initial acceptance of the Friday's decor, menu and service by the Korean people has been overwhelming and beyond our expectations. Asian Star is so encouraged by the opening that it is planning to open its second restaurant by the end of this year."
 Main St. & Main Inc. is engaged in the business of acquiring, developing and operating enterprises in the food and entertainment industries, including enterprises in the business of casual dining and family entertainment centers.
 -0- 3/16/92
 /CONTACT: Joe W. Panter of Main St. & Main, 602-951-3200/
 (MAIN MAIN-U) CO: Main St. & Main Inc. ST: Arizona IN: LEI SU:


KJ-EH -- LA013 -- 8189 03/16/92 10:00 EST
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Publication:PR Newswire
Date:Mar 16, 1992
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