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MAIN ST. & MAIN INC. ANNOUNCES PURCHASE AGREEMENT OF FOUR T.G.I. FRIDAY'S RESTAURANTS

 SCOTTSDALE, Ariz., April 15 /PRNewswire/ -- Main St. & Main Inc. (NASDAQ: MAIN) (the "company") has entered into a definitive agreement with another franchisee to purchase four operating T.G.I. Friday's restaurants located in Denver; Kansas City, Mo.; Overland Park, Kan.; and Omaha, Neb.
 The company is also purchasing exclusive development rights for T.G.I. Friday's restaurants for substantially all of Colorado and Kansas and for greater metropolitan Omaha and Kansas City. The development agreement calls for six additional restaurants to be opened over the next five years in the territory. The purchase is anticipated to close within the next 60 days, subject to the receipt of requisite approval from TGI Friday's Inc., various landlords and others.
 Steven Sherman, chairman and chief executive officer, stated: "We love our Friday's business. We are currently building five new restaurants in our existing territory, with scheduled openings in 1993. This acquisition will enhance our management team, broaden our territory and improve our cash flows."
 Main St. & Main is a food company with operations in service, distribution and processing. Its principal operating companies include T.G.I. Friday's restaurants, Carnation Dairy of Arizona and Dairy Maid Foods.
 -0- 4/15/93
 /CONTACT: Robert McGeorge of Main St. & Main, 602-951-3200/
 (MAIN)


CO: Main St. & Main Inc.; T.G.I. Friday's Restaurants;
 TGI Friday's Inc. ST: Arizona IN: LEI SU: TNM


BP-JB -- SD003 -- 6445 04/15/93 16:31 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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