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TPI BUYS FLORIDA TERRITORY AND RESTAURANTS

 TPI BUYS FLORIDA TERRITORY AND RESTAURANTS
 WEST PALM BEACH, Fla. and MEMPHIS, Tenn., Oct. 8 /PRNewswire/ -- TPI


Enterprises, Inc. (NASDAQ-NMS: TPIE) and its principal subsidiary, TPI Restaurants, Inc., the nation's largest franchisee of Shoney's and Captain D's restaurants, announced today the purchase of exclusive territory for expansion of the Shoney's concept in certain parts of Broward and Palm Beach counties in Florida.
 The purchase from Restaurant Management of S.C., Inc., of Sumter, S.C., also includes four existing Shoney's restaurants in Delray Beach, Lantana, Margate and Deerfield Beach which are all located within the exclusive expansion territory.
 The acquisition, which was consummated today, brings to 13 the number of TPI-owned Shoney's in Florida. All of the restaurants involved will remain open for business without disruption to customers or employees.
 Gary Sharp, president of TPI Restaurants, said, "The states of Florida and Texas have been key targets for expansion of our operations. This acquisition is consistent with our growth strategy of acquiring expansion territory that includes some existing franchise properties and has the population density to support further development. Obviously, we are pleased to have this opportunity to bring these stores into the TPI family and extend our quality service to these important areas."
 With the new sites in Florida, TPI will operate 256 restaurants, including 178 Shoney's, 68 Captain D's, and 10 other specialty restaurants. The nine-state region TPI serves includes North Carolina and Tennessee, where the majority of units are currently located, as well as South Carolina, Alabama, Mississippi, Texas, Florida and Georgia. TPI's family-style restaurants served over 60 million meals in 1991 and had total sales in excess of $261 million.
 -0- 10/8/92
 /CONTACT: Joseph P. Gowan of TPI Enterprises, 407-835-8888/
 (TPIE) CO: TPI Enterprises, Inc.; Restaurant Management of S.C., Inc. ST: Florida, Tennessee IN: LEI SU: TNM


SM-CK -- NY036 -- 7772 10/08/92 10:55 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
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