Eat Beyond Global (CSE:EATS)
Historical Stock Chart
From Jul 2019 to Jul 2024
Eateries, Inc. Board Votes to De-Register Stock
OKLAHOMA CITY, Nov. 7 /PRNewswire-FirstCall/ -- Eateries, Inc.'s (BULLETIN
BOARD: EATS) Chairman & CEO Vincent F. Orza, Jr. announced today a decision by
the Company's Board of Directors to take the Company private by terminating its
registration under the Securities Exchange Act of 1934.
The decision to go private was based on the progressively higher costs and lack
of associated benefits small public companies face in light of the recent
changes imposed under the new Sarbanes Oxley regulations. The Board of
Directors elected to defer filing the de-registration form with the SEC until
December 8, 2003, in order to allow shareholders additional time to utilize the
existing public market should they wish to buy or sell shares prior to the
Company going private.
The filing of the de-registration form with the SEC will immediately suspend
Eateries' obligation to file most SEC reports. Eateries, Inc. will cease to be
a public company 90 days after the filing of the de-registration form with the
SEC.
From time to time, the Company may publish forward-looking statements relating
to certain matters including anticipated financial performance, business
prospects, the future opening of Company-owned and franchised restaurants,
anticipated capital expenditures, and other matters. All statements other than
statements of historical fact contained in this press release or in any other
report of the Company are forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides a safe harbor for forward-looking
statements. In order to comply with the terms of that safe harbor, the Company
notes that a variety of factors, individually or in the aggregate, could cause
the Company's actual results and experience to differ materially from the
anticipated results or other expectations expressed in the Company's
forward-looking statements including, without limitation, consumer spending
trends and habits; competition in the casual dining restaurant segment; weather
conditions in the Company's operating regions; laws and government regulations;
general business and economic conditions; availability of capital; success of
operating initiatives and marketing and promotional efforts; and changes in
accounting policies. In addition, the Company disclaims any intent or
obligation to update those forward-looking statements.
DATASOURCE: Eateries, Inc.
CONTACT: Vincent F. Orza, Jr. of Eateries, Inc., +1-405-705-5000
Web site: http://www.eats-inc.com/