Press
Releases 1999
For Immediate Release
Contact: James K. Zielke
(316) 634-0505
NASDAQ: TENT
January 20, 1999
Total Entertainment Restaurant Corp.
TENT Appoints New Directors
DALLAS, TEXAS -- Total Entertainment Restaurant Corp. today
announced the appointment of two new directors, E. Gene Street,
58, and John D. Harkey, Jr., 38. Mr. Street and Mr. Harkey
are both principals in the investment firm Cracken, Harkey,
Street & Hartnett, L.L.C. ("CHSH"). CHSH formed
Consolidated Restaurant Companies, Inc. ("CRC"),
a Dallas-based holding company which owns the restaurant concepts
El Chico, Cantina Laredo, El Chico Café, Good Eats
and Cool River Café, and is scheduled to consummate
the acquisition of Spaghetti Warehouse and Spaghetti Warehouse
Italian Grill this month. Mr. Street serves as Vice Chairman,
President, and Chief Executive Officer and Mr. Harkey serves
as Chairman of CRC.
Mr. Street
has owned and operated numerous other restaurants in Mexico,
London, Hawaii, Florida and other U.S. states in his 27 year
career in the restaurant sector including founding of the
concepts Black Eyed Pea and Good Eats. Mr. Street commented,
"I had an opportunity to be involved as a partner with
Fox and Hound English Pub & Grille at the inception of
the concept and I let that opportunity slip away. I was not
going to let my second chance to be involved with this great
company pass me by again."
Mr. Harkey
graduated with a B.B.A. and a J.D. from the University of
Texas at Austin and a M.B.A. from Stanford University and
has extensive experience in mergers and acquisitions and senior
management with a multitude of operating companies. Mr. Harkey
stated, "Total Entertainment Restaurant Corp. is dynamic
and growing. I'm extremely excited to be able to participate
in the new direction of the Company."
Dennis
L. Thompson, Co-Chairman, said, "We are very fortunate
to have both Gene and John on our Board. Gene will be a valuable
asset with regards to operations and purchasing and John's
knowledge of the financial and capital markets will significantly
assist us as we continue to grow our Company."
This Press
Release contains certain forward-looking statements including
development plans of the Company within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Although
the Company believes the assumptions underlying the forward-looking
statements contained herein are reasonable, any of the assumptions
could be inaccurate, and therefore, there can be no assurance
that the forward-looking statements contained in the Press
Release will prove to be accurate.
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