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MAIN ST. & MAIN INC. ANNOUNCES TWO ADDITIONAL T.G.I. FRIDAY'S SITES

 SCOTTSDALE, Ariz., Jan. 22 /PRNewswire/ -- Main St. & Main Inc. (NASDAQ: MAIN, MAIN-W) (the "company"), the exclusive franchisee of T.G.I. Friday's restaurants in five western states, today announced that it has entered into agreements for the development of T.G.I. Friday's restaurants in Albuquerque, N.M., and Tacoma, Wash.
 These restaurants will be the company's ninth and 10th domestic restaurants. Both sites enjoy immediate proximity to regional malls and major business sectors. Construction of the Albuquerque and Tacoma sites are scheduled to begin within the next 60 days and to be completed in the third quarter of this year. The Albuquerque site is located at the Winrock Mall, a regional center of approximately 1 million square feet. The mall is owned by Prudential Property Co. and is currently undergoing a $31 million expansion. The Tacoma site is located at the entrance to Tacoma Mall, which is anchored by Nordstrom, J.C. Penney, Sears and Mervyns. The mall is approximately 1,250,000 square feet and enjoys annual sales of approximately $330 per square foot.
 Steven Sherman, chairman and chief executive officer of the company, stated, "We are very proud to have placed two additional new sites under contract, demonstrating our commitment to aggressively continue the development of the Friday's concept. All of our restaurants are contributing strong cash flows, which gives us the firm belief that we will continue our earnings growth through these new stores."
 Main St. & Main operates T.G.I. Friday's restaurants, produces and distributes dairy products through Carnation Dairy Arizona and distributes brand-name ice cream, frozen novelty and entree products through Dairy Maid Foods.
 -0- 1/22/93
 /CONTACT: Robert McGeorge of Main St. & Main, 602-951-3200/
 (MAIN MAIN-W)


CO: Main St. & Main Inc. ST: Arizona IN: LEI SU:

KJ-BP -- SD001 -- 7962 01/22/93 13:58 EST
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Publication:PR Newswire
Date:Jan 22, 1993
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