ON THE BORDER CAFES, INC. ANNOUNCES GROWTH PLANS
ON THE BORDER CAFES, INC. ANNOUNCES GROWTH PLANS DALLAS, Oct. 14 /PRNewswire/ -- On The Border Cafes, Inc.
(NASDAQ: OTBC) today announced growth plans to expand its business in new markets. New sites are under development in Denver, Colo., and Kansas City, Mo. These restaurants are expected to open during the first and second quarters of 1993. Additional company-operated units outside Texas will be developed along with several more Dallas and Houston sites to total eight new openings by the end of 1993, doubling the number of current restaurants.
The first On The Border Cafe to open outside Texas will begin operation in Memphis, Tenn., as a franchise restaurant in November 1992. This unit will be joined by another franchise opening in Houston and a company opening in Plano, Texas all in the same month. On The Border Cafes, Inc. owns and operates eight full service, casual dining restaurants featuring fresh mesquite-grilled specialties of Texas and Mexico; the common stock is traded on the NASDAQ stock market under the symbol "OTBC." -0- 10/14/92 /CONTACT: Stephen D. Fenstermacher, senior vice president-finance and chief financial officer of On The Border Cafes, Inc., 214-905-7500/ (OTBC) CO: On the Border Cafes, Inc. ST: Texas IN: LEI SU:
PS -- NY058 -- 9912 10/14/92 13:23 EDT
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|Date:||Oct 14, 1992|
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