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ALVIN A. MCCALL, JR., CHAIRMAN OF RYAN'S FAMILY STEAK HOUSES, INC. ANNOUNCES RETIREMENT

 ALVIN A. MCCALL, JR., CHAIRMAN OF RYAN'S FAMILY
 STEAK HOUSES, INC. ANNOUNCES RETIREMENT
 GREER, S.C., Aug. 13 /PRNewswire/ -- Alvin A. McCall, Jr., Chairman of the Board of Ryan's Family Steak Houses, Inc. (NASDAQ-NMS: RYAN) announced his planned retirement effective Sept. 15, 1992. McCall, who turned 65 years of age earlier this year, stated that "the present management team is quite capable of carrying on in the tradition that has made Ryan's the leader in its industry." The majority of top management personnel have each been with the Company in excess of ten years. Charles D. Way, President and Chief Executive Officer, has been with the Company for more than 13 years and has played a major role in the success of the Company.
 Ryan's achieved record revenues and earnings for the first and second quarters of 1992 and expects this trend to continue. Additionally, the Company has accelerated its growth plan and is on schedule. To date the Company has opened 14 of the 23 restaurants scheduled for 1992. Plans for 1993 call for the opening of 30 new Company-owned restaurants.
 -0- 8/13/92
 /CONTACT: Charles D. Way, President and CEO, Ryan's Family Steak Houses, Inc., 803-879-1000/
 (RYAN) CO: Ryan's Family Steak Houses, Inc. ST: South Carolina IN: LEI SU: PER


JZ -- CH005 -- 9626 08/13/92 12:16 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
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