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TPI TO BUY HOUSTON TERRITORY AND RESTAURANT

 WEST PALM BEACH, Fla. and MEMPHIS, Tenn., April 8 /PRNewswire/ -- TPI Enterprises, Inc. (NASDAQ-NMS: TPIE) and its principal subsidiary, TPI Restaurants, Inc., announced today the it has entered into an agreement to purchase exclusive territory for expansion of the Shoney's concept in a portion of Harris County in Houston. The purchase also includes one existing Shoney's that opened for operation this past Monday, April 5.
 TPI currently has exclusive rights to develop Shoney's restaurants in over 80 percent of the state of Texas. The acquisition will bring to 24 the number of TPI-owned Shoney's in that state.
 Gary Sharp, president and chief executive officer of TPI Enterprises, said, "The states of Texas and Florida have been key targets for expansion of our operations. This acquisition is consistent with one of our expansion of our operations. This acquisition is consistent with one of our growth strategies of acquiring expansion territory that includes existing franchise properties and has the population density to support further development. We are pleased to be expanding into the Houston area."
 TPI is one of the largest restaurant franchisees in the United States as well as the nations largest franchisee of Shoney's and Captain D's restaurants. With total sales of almost $280 million in 1992, the company currently owns and operates 186 Shoney's and 70 Captain D's in nine southern states.
 -0- 4/8/93
 /CONTACT: Frederick W. Burford of TPI Enterprises, Inc., 901-725-6400/
 (TPIE)


CO: TPI Enterprises, Inc.; Shoney's ST: Florida, Tennessee, Texas IN: LEI SU: TNM

TS-AH -- NY043 -- 4266 04/08/93 13:03 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
Words:259
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