Press
Releases 2000
For Immediate Release
Contact: James K. Zielke
(316) 634-0505
NASDAQ: TENT
February 29, 2000
Total Entertainment Restaurant Corp.
TENT Announces Increase in Stock Repurchase Program
WICHITA,
KANSAS -- Total Entertainment Restaurant Corp. today announced
that its Board of Directors has authorized an increase in
the Company's stock repurchase program of up to an additional
500,000 shares of the Company's common stock. Today's approval
supplements the Board's authorization on October 5, 1999 to
purchase up to 1,000,000 shares of common stock, of which
891,529 shares have already been purchased. Subject to applicable
legal requirements, market and financial conditions, the authorization
includes both open market purchases as well as private transactions,
at such times and at such prices as the Company deems appropriate.
The Company
will fund the repurchase program through available bank credit
facilities. Depending upon the number of shares repurchased
and the price paid for each share, the share repurchase program
could reduce the number of restaurants to be opened during
fiscal year 2000 under the Company's current expansion plans.
This Press
Release contains certain forward-looking statements 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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