Press
Releases 1999
For Immediate Release
Contact: James K. Zielke
(316) 634-0505
NASDAQ: TENT
October 5, 1999
Total Entertainment Restaurant Corp.
TENT Authorizes Program to Repurchase Stocks
WICHITA,
KANSAS -- Total Entertainment Restaurant Corp. today announced
that its Board of Directors has authorized a program to repurchase
up to 1,000,000 shares of the Company's common stock. The
Company said that the timing, price, quantity and manner of
purchases will be made at the discretion of management and
will depend upon market conditions.
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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