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TACO CABANA ANNOUNCES INITIAL PUBLIC OFFERING

 TACO CABANA ANNOUNCES INITIAL PUBLIC OFFERING
 SAN ANTONIO, Sept. 23 /PRNewswire/ -- Taco Cabana, Inc. announced


today the filing with the Securities and Exchange Commission of a registration statement relating to the initial public offering of 2,500,000 shares of common stock at a proposed offering price of $11 to $13 per share. Montgomery Securities and Stephens Inc. will manage the underwriting group.
 Of the 2,500,000 shares registered, 1,650,000 shares will be issued and sold by the company, and 850,000 shares will be sold by certain stockholders of the company. A stockholder of the company has granted the underwriters an option to purchase an additional 375,000 shares to cover over-allotments. The net proceeds from the sale of shares by the company will be used for the repayment of indebtedness, development of additional restaurants and general corporate purposes.
 Taco Cabana, Inc. operates the largest chain of Mexican patio cafe restaurants in the United States with 57 restaurants systemwide. Of these, 41 restaurants are company-owned at locations throughout Central and South Texas, and the remainder are franchised restaurants at 14 locations in Texas and two locations in California.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state.
 A copy of a preliminary prospectus relating to these securities is available from Montgomery Securities, 600 Montgomery St., San Francisco, Calif. 94111; or Stephens Inc., 111 Center St., Little Rock, Ark. 72201.
 -0- 9/23/92
 /CONTACT: Judith Reitzer, chief financial officer of Taco Cabana, Inc., 512-231-8226/ CO: Taco Cabana, Inc. ST: Texas IN: LEI SU: OFR


AH -- NY074 -- 2765 09/23/92 15:49 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
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