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TPI BUYS PHOENIX TERRITORY AND RESTAURANTS

 WEST PALM BEACH, Fla., and MEMPHIS, Tenn., Aug. 18 /PRNewswire/ -- TPI Enterprises, Inc. (NASDAQ-NMS: TPIE) and its principal subsidiary, TPI Restaurants, Inc., announced today that it has purchased exclusive territory for expansion of the Shoney's concept in a portion of metropolitan Phoenix, Ariz. Included in the acquisition are two existing Shoney's restaurants that are within the territory.
 The purchase provides TPI with the exclusive territorial development rights in the northwest portion of metropolitan Phoenix which includes Glendale, Sun City and Peoria.
 Gary Sharp, president and chief executive officer of TPI Enterprises, said, "We see substantial opportunity for the development of additional Shoney's restaurants in this territory. We are very excited about expanding our Shoney's development further west."
 TPI is one of the largest restaurant franchisees in the United States as well as the nation's largest franchisee of Shoney's and Captain D's restaurants. The company currently owns and operates 198 Shoney's and 71 Captain's D's in North Carolina, Tennessee, Arkansas, South Carolina, Alabama, Mississippi, Texas, Florida, Georgia and Arizona.
 -0- 8/18/93
 /CONTACT: Frederick W. Burford of TPI Enterprises, Inc., 901-725-6400/
 (TPIE)


CO: TPI Enterprises, Inc. ST: Tennessee, Florida, Arizona IN: LEI SU: TNM

PS-OS -- NY035 -- 3900 08/18/93 12:09 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:203
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