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MASCOTT CORPORATION ANNOUNCES EXPANSION OF ITS WILLIE MAYS COUNTRY CHICKEN CONCEPT

 LIVINGSTON, N.J., Jan. 5 /PRNewswire/ -- Mascott Corporation (NASDAQ: DINE) (the "Company") announced today that, through one of its wholly owned subsidiaries, WMC-GP, Inc., it has raised approximately Five Hundred Fifty Thousand Dollars ($550,000.00) from private investors to develop, own and operate a Willie Mays Country Chicken quick-service restaurant to be located in a new strip shopping center located in Livingston.
 WMC-GP, Inc. is the general partner of Willie Mays Country Chicken I, L.P., a New Jersey limited partnership formed to own and operate the Livingston Willie Mays Country Chicken restaurant. As the general partner of the partnership, WMC-GP, Inc. will receive approximately twenty-five percent of all profits of the partnership after the initial capital investment is returned to the limited partners. In addition, in connection with the operation of the restaurant, the partnership has entered into a Management and Administrative Services Agreement with WMC-GP, Inc. Pursuant to the agreement, WMC-GP, Inc. will provide (i) management and administrative services and (ii) the right to use the Willie Mays Country Chicken name and concept, in exchange for a fee ranging from five to ten percent of the gross revenues of the Willie Mays Country Chicken restaurant. The partnership will pay royalties directly to Willie Mays for the use of his name and likeness in connection with its operation of the restaurant.
 Scott M. Gillman, chairman of the board of both the Company and WMC-GP, Inc., stated that, "We expect Willie Mays Country Chicken restaurants to compete favorably in the segment of quick-service restaurants which serve primarily rotisserie chicken entrees and side dishes for both in-restaurant dining and take-out. We anticipate that, if this restaurant concept proves successful, Mascott Corporation will be able to obtain the financing necessary to substantially expand our Willie Mays Country Chicken concept."
 Mascott Corporation currently owns and operates 12 Cinnabon bakery franchises and 2 Willie Mays Chicken locations in regional shopping malls in New Jersey, New York, and Massachusetts, as well as 1 full- service restaurant, Markers Restaurant & Bar, located in Jersey City, N.J.
 For further information, Contact Scott M. Gillman, chief executive officer, at 201-535-1000.
 -0- 1/5/94
 /CONTACT: Scott Gillman of Mascott Corporation, 201-535-1000/
 (DINE)


CO: Mascott Corporation ST: New Jersey IN: LEI SU:

LG-PS -- NY030 -- 9314 01/05/94 11:44 EST
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Publication:PR Newswire
Date:Jan 5, 1994
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