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CHECKERS ACQUIRES SIX ZIPP'S RESTAURANTS

 CLEARWATER, Fla., Sept. 16 /PRNewswire/ -- Checkers Drive-In Restaurants, Inc. (NASDAQ: CHKR) today announced that it had closed on the acquisition of six Zipp's Drive-Thru Restaurants in the Kansas City, Mo. area and one restaurant property in exchange for approximately 125,000 shares of Checkers common stock and the assumption of certain liabilities. Checkers intends to remodel and operate the restaurants as Checkers restaurants with the first one opening by mid-October.
 It is expected that this transaction will be accounted for as a purchase of assets for financial reporting purposes.
 James E. Mattei, president and chief executive officer, stated: "This is our first entry into the Kansas City, Mo. market. We believe this will be a strong market for Checkers. This acquisition will allow us to have an immediate impact in this market and we expect to add an additional 7 company-operated restaurants within the next 12 months."
 Checkers develops, produces, owns, operates and franchises double drive-thru quick service hamburger restaurants under the name "Checkers." As of Sept. 16, 1993, there were 189 company-operated restaurants and 138 franchised restaurants, for a total of 327 restaurants.
 -0- 9/16/93
 /CONTACT: Herbert G. Brown of Checkers Drive-In Restaurants, 813-441-3500/
 (CHKR)


CO: Checkers Drive-In Restaurants, Inc.; Zipp's Drive-Thru Restaurants ST: Florida IN: LEI SU: TNM

JB-RK -- FL010 -- 2814 09/16/93 16:23 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
Words:221
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