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VOLUNTEER CAPITAL CORPORATION ANNOUNCES FILING OF REGISTRATION STATEMENT FOR OFFERING OF COMMON STOCK

 NASHVILLE, Tenn., Aug. 16 /PRNewswire/ -- Volunteer Capital Corporation (NYSE: VCC) today announced that it has filed a registration statement with the Securities and Exchange Commission relating to an offering by the company of 870,000 shares of common stock.
 The managing underwriter for the offering is J.C. Bradford & Co. The company will also grant the underwriters an overallotment option for an additional 130,000 shares. The company anticipates that the offering will take place in early September. The proceeds of the offering will be used to finance the development of additional J. Alexander's and Wendy's restaurants and for general corporate purposes.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of a written prospectus relating to the shares of common stock are available from J.C. Bradford & Co., 330 Commerce Street, Nashville, TN 37201.
 Volunteer Capital Corporation is headquartered in Nashville and operates 52 franchised Wendy's Old Fashioned Hamburger restaurants in four states and has three J. Alexander's full service, casual dining restaurants in two states.
 -0- 8/16/93
 /CONTACT: R. Gregory Lewis, vice president and chief financial officer of Volunteer Capital Corporation, 615-269-1900/
 (VCC)


CO: Volunteer Capital Corporation ST: Tennessee IN: FOD SU: OFR

RA-BR -- AT001 -- 2946 08/16/93 09:47 EDT
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Publication:PR Newswire
Date:Aug 16, 1993
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