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ON THE BORDER RELEASES FOURTH QUARTER AND ANNUAL 1992 RESULTS

 DALLAS, March 9 /PRNewswire/ -- On The Border Cafes (NASDAQ: OTBC) today announced results of operations for the fourth quarter and for the fiscal year ended Dec. 28, 1992. Sales for the quarter of $6,557,000 were above the prior year period by $792,000, an increase of 13.7 percent; net income of $98,000 improved over the loss of the prior year quarter by $444,000. Earnings per share were $0.03 compared to the loss in 1991 of $0.24.
 Annual sales for 1992 totalled $23.1 million compared to $20.9 million for 1991. Net income for 1992 was $786,000 while 1991 results were a loss of $16,000. Earnings per share were $0.29 for 1992 while 1991 results were a loss of $0.01 per share.
 Mike Fiori, president and chief executive officer stated, "Our results for 1992 show significant improvement in our core business while we are preparing for rapid growth in 1993." On The Border opened one new company operated restaurant in December 1992 and plans to open seven additional units by year-end 1993. Two franchised restaurants opened in 1992 and expectations for 1993 include several additional openings. The chain currently includes nine company and four franchised restaurants.
 On The Border is a casual patio cafe featuring the best mesquite grilled specialties of Texas and Mexico. On The Border Cafes, Inc. is traded on the NASDAQ Stock Market under the symbol "OTBC."
 ON THE BORDER CAFES, INC.
 Quarter ended Year ended
 12/28/92 12/30/91 12/28/92 12/30/91
 Total Sales $ 6,557,000 $ 5,765,000 $23,157,000 $20,947,000
 Net Income (loss) 98,000 (346,000) 786,000 (16,000)
 Earnings (loss)
 per share $.03 $(.24) $.29 ($.01)
 Average shares
 outstanding 3,229,169 1,469,835 2,674,010 1,469,835
 -0- 3/9/93
 /CONTACT: Stephen D. Fenstermacher, chief financial officer


and senior vice president-finance of On The Border Cafes, Inc., 214-905-7500/
 (OTBC)


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

TS -- NY012 -- 4350 03/09/93 08:29 EST
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Publication:PR Newswire
Date:Mar 9, 1993
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