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BAREFOOT ANNOUNCES ACQUISITION

 WORTHINGTON, Ohio, Nov. 19 /PRNewswire/ -- Barefoot Inc. (NASDAQ/NMS: BARE) announced today that they have signed a definitive agreement to acquire its franchise operations in Detroit; Toledo, Ohio; Birmingham, Ala.; and Memphis, Tenn. Financial terms were not disclosed. These locations generated about $7,000,000 in revenue in 1993. The purchase will be effective Jan. 1, 1994.
 According to Patrick Norton, president and chief executive officer, "These are good markets that performed well in the past and we believe they will accelerate their growth as company-owned operations in the future. We worked closely with these operations as franchisees and believe the transition will go smoothly."
 -0- 11/19/93
 /CONTACT: Mike Goodrich of Barefoot, 614-846-1800/
 (BARE)


CO: Barefoot Inc. ST: Ohio IN: SU: TNM

BM-KL -- CL005 -- 6469 11/19/93 10:59 EST
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Publication:PR Newswire
Date:Nov 19, 1993
Words:133
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