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NEW AMERICAN RESTAURANTS LIMITED PARTNERSHIP EXTENDS OFFER TO PURCHASE SHARES OF ATLANTIC RESTAURANT VENTURES

 GREENBELT, Md., Jan. 6 /PRNewswire/ -- New American Restaurants Limited Partnership announced it had extended to offer to purchase shares of Atlantic Restaurant Ventures Inc. (OTC Bulletin Board: ARVI) at 65 cents net to the sellers in cash to 5 p.m. on Jan. 21, 1994. A minimum of 1.5 million ARVI shares are being sought and approximately 1,250,000 shares have been deposited with the purchaser's agent, Scott & Stringfellow Inc. of Richmond, Va., as of Jan. 6, 1994.
 -0- 1/6/94
 /CONTACT: Joseph R. O'Brien of New American Restaurants Limited Partnership, 301-513-1700/
 (ARVI SCOT)


CO: New American Restaurants Limited Partnership; Atlantic Restaurant
 Ventures Inc.; Scott & Stringfellow Inc. ST: Maryland, Virginia IN: LEI SU:


KW-DC -- DC029 -- 9921 01/06/94 17:13 EST
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Publication:PR Newswire
Date:Jan 6, 1994
Words:125
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