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KENNY ROGERS ROASTERS RAISES $7.5 MILLION

 FORT LAUDERDALE, Fla., June 3 /PRNewswire/ -- Kenny Rogers Roasters, the leading national chain of wood-roasted chicken restaurants, announced the raising of $7.5 million in a private placement with Montgomery Securities. Leading the investor group with a $2.5 million commitment was the California-based venture capital firm, Grace Horn Ventures.
 Dr. Christian Horn, managing partner of Grace Horn Ventures, said that the international appeal of Kenny Rogers Roasters concept is expected to be especially attractive to his European and Asian investment partners.
 Roasters, with 68 restaurants operating in 19 states, plans, in part, to use the proceeds to develop additional company-owned and operated locations across the country.
 Founder and Chief Executive John Y. Brown Jr. said, "We now plan to aggressively expand our base of company-owned shops. We presently have nine company-owned shops and will build an additional 15 within the next nine to 12 months. We are extremely proud of our accomplishments in less than two years, since our first restaurant was opened, and plan to broaden our management team to serve our franchise network. We have a strong and diverse group of experienced franchisees who are committed to making Kenny Rogers Roasters a national force in the quick service non- fried chicken category."
 -0- 6/3/93
 /CONTACT: Andrew Howard, vice president of Kenny Rogers Roasters, 305-938-0330/


CO: Kenny Rogers Roasters ST: Florida IN: LEI SU:

AW-BR -- FL011 -- 5000 06/03/93 12:52 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
Words:237
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