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VOLUNTEER CAPITAL ANNOUNCES PLANS FOR TWO NEW RESTAURANTS

 NASHVILLE, Tenn., Dec. 2 /PRNewswire/ -- Volunteer Capital Corporation (NYSE: VCC) today announced plans to add two more restaurants to its network of J. Alexander's dinner houses and franchised Wendy's restaurants.
 Lonnie J. Stout II, chairman and chief executive officer, said the company has a signed contract to purchase property for a 230-seat J. Alexander's dinner house in Northville, Mich. The new restaurant will become the sixth in the J. Alexander's system. Three J. Alexander's dinner houses are presently open in Tennessee and Ohio. Two other units are under development in Columbus, Ohio and Oakbrook, Ill.
 At the same time, Stout said Volunteer Capital has a signed contract to develop an 88-seat Wendy's Old Fashioned Hamburgers restaurant in Lexington, S.C. The restaurant will become the 53rd franchised Wendy's unit owned and operated by the company in its four-state territory.
 The new J. Alexander's restaurant in Northville is expected to open in the fourth quarter of 1994, while the new Wendy's unit in Lexington is scheduled to open in the second quarter of next year.
 Volunteer Capital Corporation is headquartered in Nashville.
 -0- 12/2/93
 /CONTACT: Lonnie J. Stout II or R. Gregory Lewis of Volunteer Capital Corporation, 615-269-1900/
 (VCC)


CO: Volunteer Capital Corporation ST: Tennessee IN: LEI SU:

BR-TG -- AT012 -- 9808 12/02/93 12:14 EST
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Publication:PR Newswire
Date:Dec 2, 1993
Words:218
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