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LONE STAR STEAKHOUSE & SALOON ANNOUNCES INITIAL PUBLIC OFFERING

 LONE STAR STEAKHOUSE & SALOON ANNOUNCES INITIAL PUBLIC OFFERING
 WICHITA, Kan., Feb. 3 /PRNewswire/ -- Lone Star Steakhouse & Saloon, Inc. today announced that it has filed with the Securities and Exchange Commission a registration statement for an initial public offering of 1,150,000 shares of common stock, all of which will be sold by the company.
 The proposed offering price is $10 to $12 per share. The company will grant the underwriters a 30-day option to purchase up to an additional 172,500 shares of common stock for the purpose of covering over-allotments, if any. The proposed offering will be sole-managed by Montgomery Securities.
 Lone Star Steakhouse & Saloon, Inc. owns and operates a chain of eight mid-priced, full-service restaurants that serve mesquite-grilled steaks, ribs, chicken and fish. The company's restaurants embrace a Texas-style concept featuring Texas artifacts and music. The restaurants are distinguished by their "Texas Roadhouse" ambiance and USDA choice-graded steaks which are hand-cut daily.
 The company intends to use the net proceeds from the proposed offering to finance the expansion and development of additional restaurants, repay indebtedness, pay certain S Corporation distributions and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Copies of the prospectus may be obtained from Montgomery Securities, 600 Montgomery St., San Francisco, Calif., 94111, Attention: Prospectus Department (telephone: 415-627-2220).
 -0- 2/3/92
 /CONTACT: John D. White of Lone Star Steakhouse & Saloon,


316-264-8888/ CO: Lone Star Steakhouse & Saloon, Inc. ST: Kansas IN: LEI SU: OFR

CK -- NY107 -- 6410 02/03/92 17:32 EST
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Publication:PR Newswire
Date:Feb 3, 1992
Words:342
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