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ON THE BORDER CAFES, INC. ANNOUNCES RESULTS

 DALLAS, May 6 /PRNewswire/ -- On The Border Cafes, Inc. (NASDAQ: OTBC) announced today the results of operations for the 12 weeks ended March 22, 1993. Total revenues of $5.7 million for the current 12 week period increased by $838,000, or 17 percent, over the same period last year. Net income increased in the 12 weeks to $125,000, or $.04 per share, compared with a loss of $23,000 or $.01 per share, in the same period last year.
 The first restaurant operated by the company outside of the state of Texas opened successfully in Denver, Colo. late in the fiscal quarter. The Denver restaurant experienced a record opening week sales volume and has continued at a high level. "Our success in Denver reflects the influence Mike Fiori had on expansion planning for the company," said Stephen D. Fenstermacher, chief executive officer of On The Border. Fiori, the former president and chief executive officer, was killed in an airplane accident on March 13, 1993 while traveling to Denver to attend grand opening festivities. A charge to accrue expenses related to the airplane accident of $.02 per share was taken in the first quarter.
 Fenstermacher said construction was in progress on the company's second and third Denver locations as well as its first in Kansas City, Mo. These restaurants, along with other new sites in Houston and Arlington, Texas and Overland Park, Kan. are scheduled to open throughout the remaining months of 1993.
 On The Border is a causal, full service patio cafe featuring the best mesquite grilled specialties of Texas and Mexico. On The Border Cafes, Inc. operates 10 restaurants with five additional operated by franchisees. The company is traded on the NASDAQ Stock Market under the symbol "OTBC."
 ON THE BORDER CAFES, INC.
 12 Weeks Ended 3/22/93 3/23/92
 Total revenues $5,659,000 $4,821,000
 Net income (loss) 125,000 (23,000)
 Earnings (loss) per share $.04 ($.01)
 Average shares outstanding 3,209,169 1,533,754
 -0- 5/6/93
 /CONTACT: Raymond E. Yoakum, chief financial officer of On The Border Cafes, 214-905-7500/
 (OTBC)


CO: On The Border Cafes, Inc. ST: Texas IN: LEI SU: ERN

SH -- NY015 -- 5220 05/06/93 08:37 EDT
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Publication:PR Newswire
Date:May 6, 1993
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