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Worldwide Restaurant Concepts, Inc. Announces Engagement of Financial Advisor |
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Worldwide Restaurant Concepts, Inc. (NYSE: SZ) announced that it has retained Houlihan Lokey Howard & Zukin as its financial advisor to assist the Company in exploring strategic alternatives to enhance stockholder value.
No assurance can be given that any transaction will be pursued, or, if a transaction is pursued, that it will be consummated.
In making the announcement, Chuck Boppell, CEO of Worldwide Restaurant Concepts, stated that, "We have engaged the investment banking firm of Houlihan Lokey Howard & Zukin to assist management and the Board in evaluating the assets and operations of the Company in order to develop possible alternative strategies to achieve greater stockholder value. These alternatives may include repositioning of some or all of the Company's restaurants, a complete or partial sale of the Company, a merger or a decision to take no action at this time. Management and the Board believe that our stock price does not reflect the true value of our Company and our prospects."
About Worldwide Restaurant Concepts
Worldwide Restaurant Concepts, Inc. operates, franchises or joint ventures 306 Sizzler® restaurants worldwide, 112 KFC® restaurants located primarily in Queensland, Australia, and 22 Pat & Oscar's® restaurants.
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Date Listed: 2004-12-09
More news about:
Industry: Restaurants
Category: Financial
Worldwide Restaurant Concepts
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