Q-STEAKS, INC. ANNOUNCES MANAGEMENT CHANGES
Mr. Jensen stated, "The Company has expanded its operations to nine steakhouse restaurants. Although I am proud of the accomplishments that we have made during my tenure as President and Chief Operating Officer, it is time in my life to move on to other interests. I remain excited about the Company and its prospects, and look forward to an on-going relationship with the Company."
Dermot Rowland, Chief Executive Officer, stated, "Although we will miss Doron and the contributions he has made as President and Chief Operating Officer, we are pleased that he has agreed to continue to assist us in our marketing efforts and has agreed to remain on the Company's Board of Directors. We wish him the best of luck in his new endeavors."
Q-Steaks operates three Timber Lodge Steakhouse restaurants located in upstate New York and Sioux Falls, South Dakota, and operates six Minnesota Steakhouse restaurants in Minnesota. The company intends to rename its Minnesota Steakhouse restaurants as Timber Lodge Steakhouse restaurants in the near future. The Company's shareholders are expected to approve a reincorporation of the Company as Timber Lodge Steakhouse, Inc. a Minnesota corporation, at the Annual Meeting of Shareholders to be held next Tuesday, May 16, 1995. The Company also operates one Q-Cumbers restaurant in Edina, Minn.
/CONTACT: Dermot F. Rowland, Chief Executive Officer of Q-Steaks, 612-929-9353/
CO: Q-Steaks, Inc. ST: Minnesota IN: FOD SU: PER
KW-CC -- MN027 -- 5769 05/11/95 16:41 EDT
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|Date:||May 11, 1995|
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