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TPI SHAREHOLDERS ELECT DIRECTORS, APPROVE STOCK OPTION PLANS AND RATIFY SELECTION OF AUDITORS AT ANNUAL MEETING

 WEST PALM BEACH, Fla. and MEMPHIS, Tenn., June 15 /PRNewswire/ -- TPI Enterprises, Inc. (NASDAQ: TPIE) announced that at its annual meeting of shareholders held today, shareholders elected Stephen R. Cohen, J. Gary Sharp, Frederick W. Burford, Paul James Siu, Edwin B. Spievack, Osvaldo Cisneros, Thomas M. Taylor, John L. Marion, Jr., Douglas K. Bratton and Lawrence F. Levy as directors of the company. The shareholders approved the company's 1992 stock option and incentive plan as well as the company's non-employee directors stock option plan. The shareholders also ratified the board of directors' selection of Deloitte and Touche as auditors for 1993.
 Total votes of 19,825,269, or 99.8 percent of those eligible to vote, were cast at the meeting and all directors received in excess of 99 percent of the votes casts.
 TPI is one of the largest restaurant franchises 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 190 Shoney's and 70 Captain D's in nine southern states.
 -0- 6/15/93
 /CONTACT: Frederick W. Burford of TPI, 901-725-6400/
 (TPIE)


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

SM-WB -- NY085 -- 2269 06/15/93 15:45 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
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