Worldwide Restaurant Concepts (NYSE:SZ)
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Worldwide Restaurant Concepts, Inc. Announces the Retirement of
Jim Collins From the Board of Directors
SHERMAN OAKS, Calif., Sept. 14 /PRNewswire-FirstCall/ -- Worldwide Restaurant
Concepts, Inc. (NYSE:SZ) released today that at the Company's annual
shareholders meeting it was announced that Jim Collins was retiring from the
Board of Directors. Mr. Collins has served as Director Emeritus since 1999,
and reached mandatory retirement age during his last term, preventing him from
standing for reelection.
At the meeting, Phil Matthews, the Company's Chairman of the Board, thanked Mr.
Collins for his service and dedication, not only to the Company, but also to
the industry and to the community.
"Jim's restaurant career began in 1952 when he opened a self-service hamburger
stand in Culver City, California. In 1960, Jim signed a franchise agreement
with Colonel Sanders to sell Kentucky Fried Chicken. In 1967, he purchased the
Sizzler Family Steak House chain, and in 1968 what was then Collins Foods
International went public and was later listed on the NYSE," said Mr. Matthews.
"In 1991 Collins Foods International reorganized as Sizzler International, Inc.
and in 2001 changed its name to the present Worldwide Restaurant Concepts, Inc.
Jim continued to lead the chain as Chairman until February of 1999, and then,
as Chairman Emeritus, he has provided on-going guidance," continued Mr.
Matthews.
"What he has done for this organization is obvious, but he is also a restaurant
industry leader and great humanitarian. Jim is a past president of the
California Restaurant Association and a member of its Educational Hall of Fame.
He has been a director of the National Restaurant Association, a MUFSO
operator of the year, and an IFMA Operator of the year. He has been deeply
involved in the Cal Poly Pomona Hospitality School, UCLA, the YMCA, the Boys &
Girls Club of Venice and the Young Presidents Organization," said Mr. Matthews.
"We are all very grateful to Jim for being a wonderful role model, both inside
and outside the Board Room," concluded Mr. Matthews.
With the retirement of Mr. Collins on September 8th, the Company has reduced
the number of Board of Directors from eight to seven.
About Worldwide Restaurant Concepts
Worldwide Restaurant Concepts, Inc. operates, franchises or joint ventures 312
Sizzler(R) restaurants worldwide, 112 KFC(R) restaurants located primarily in
Queensland, Australia, and 23 Pat & Oscar's(R) restaurants. Additional
information about the Company can be found at http://www.wrconcepts.com/.
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.
For further information, please 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, +1-310-407-6547,
or Tricia Ross, Investor/Analyst, +1-310-407-6540, both of Financial Relations
Board, for Worldwide Restaurant Concepts, Inc.
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,
+1-310-407-6547, or Tricia Ross, Investor/Analyst, +1-310-407-6540, both of
Financial Relations Board, for Worldwide Restaurant Concepts, Inc.
Web site: http://www.wrconcepts.com/