Worldwide Restaurant Concepts (NYSE:SZ)
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Worldwide Restaurant Concepts, Inc. Announces Postponement of
Upcoming Earnings Announcement and Conference Call
SHERMAN OAKS, Calif., March 9 /PRNewswire-FirstCall/ -- Worldwide Restaurant
Concepts, Inc. (NYSE:SZ) today announced that it is postponing its previously
announced fiscal 2005 third quarter earnings release and investor conference
call, originally scheduled for March 10, 2005 and March 11, 2005, respectively.
The Company, in conjunction with its auditors, is thoroughly reviewing the
Company's lease accounting and amortization practices. The Company believes
that this conservative approach is appropriate in light of the recent
restatements made by other restaurant and retail companies. Once the review is
complete, the Company will reschedule its earnings release and conference call.
About Worldwide Restaurant Concepts
Worldwide Restaurant Concepts, Inc. operates, franchises or joint ventures 309
Sizzler(R) restaurants worldwide, 112 KFC(R) restaurants primarily located in
Queensland, Australia, and 22 Pat & Oscar's(R) restaurants.
To the extent that certain statements contained in this document may be deemed
under federal securities laws to be forward-looking statements, Worldwide
Restaurant Concepts intends that they be subject to the safe-harbor applicable
to forward-looking statements under such laws.
AT THE COMPANY:
Keith Wall
Vice President and CFO
(818) 662-9800
Liz Baskerville
Director, Planning
(818) 662-9800
AT FINANCIAL RELATIONS BOARD:
Laurie Berman
General Information
(310) 854-8315
Tricia Ross
Investor/Analyst Contact
(617) 520-7064
DATASOURCE: Worldwide Restaurant Concepts, Inc.
CONTACT: Keith Wall, Vice President and CFO, or Liz Baskerville,
Director, Planning, both of Worldwide Restaurant Concepts, Inc.,
+1-818-662-9800; or Laurie Berman, General Information, +1-310-854-8315, or
Tricia Ross, Investor/Analyst Contact, +1-617-520-7064, both of Financial
Relations Board, for Worldwide Restaurant Concepts, Inc.