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ON THE BORDER CAFES, INC. ANNOUNCES OPENING OF FRANCHISED RESTAURANT IN NASHVILLE

 DALLAS, Sept. 7 /PRNewswire/ -- On The Border Cafes, Inc. (NASDAQ: OTBC) announced today the opening of a new franchised On The Border restaurant in Nashville, Tenn. The new restaurant is operated by FGM Corporation, a Texas corporation principally owned by Frederick G. Molsen, a director and founder of the company. FGM Corporation currently operates On The Border restaurants in Austin, Texas and Memphis, Tenn. Under the terms of a development agreement signed on Nov. 9, 1992, FGM Corporation may open and operate up to two additional On The Border franchised restaurants by May 31, 1996.
 On The Border Cafes, Inc. currently operates 18 restaurants system-wide with 11 operated by the company and seven operated by franchisees. The company is traded in the NASDAQ Stock Market under the symbol "OTBC."
 -0- 9/7/93
 /CONTACT: Stephen D. Fenstermacher, chief executive officer of On The Border Cafes, Inc., 214-905-7500/
 (OTBC)


CO: On The Border Cafes, Inc.; FGM Corporation ST: Texas, Tennessee IN: LEI SU:

TS -- NY012 -- 9172 09/07/93 08:16 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
Words:171
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