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ON THE BORDER CAFES, INC. REPORTS SECOND QUARTER OPERATING RESULTS

 DALLAS, July 19 /PRNewswire/ -- On The Border Cafes, Inc. today announced operating results for the second quarter ended June 14, 1993. Total revenue of $7.4 million increased 23 percent compared to the prior year quarter reflecting several newly opened restaurants. Pre-tax profit of $570,000 grew 56 percent vs. the prior year. Net income of $381,000 increased 10 percent and earnings were $0.12 per share.
 The current quarter tax rate of 32.2 percent was up from the prior year rate of 5.7 percent which reflected the benefit of loss carryforward usage. Average outstanding shares were up more than 27 percent from last year's quarter as a result of the initial public equity offering in May, 1992. Excluding the extraordinary tax benefit from the prior year, earnings per share would have increased 33 percent for the quarter.
 On The Border is a casual, full-service patio cafe featuring the best mesquite grilled specialties of Texas and Mexico. On The Border Cafes, Inc. operates 11 restaurants with five additional restaurants operated by franchisees. The company is traded on the NASDAQ Stock Market under the symbol "OTBC."
 ON THE BORDER CAFES, INC.
 12 weeks ended 24 weeks ended
 -------------- --------------
 June 14 June 15 June 14 June 15
 1993 1992 1993 1992
 Total revenues $ 7,433,537 $ 6,011,650 $13,092,217 $10,833,032
 Pre-tax income $ 570,261 $ 365,530 $ 613,407 $ 347,934
 Net income $ 381,002 $ 344,697 506,092 322,038
 Earnings per share $ 0.12 $ 0.14 $ 0.16 $ 0.16
 Average shares
 outstanding 3,209,169 2,518,896 3,209,169 2,026,325
 -0- 7/19/93
 /CONTACT: Stephen D. Fenstermacher, chief executive officer, On The Border Cafes, Inc., 214-905-7500/
 (OTBC)


CO: On The Border Cafes, Inc. ST: Texas IN: LEI SU: ERN

LG -- NY011 -- 2871 07/19/93 08:24 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
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