| Moderated By: leigh aulper -- (Not Moderated) -- Started: 6/24/1999 9:07:00 AM Revision History |
''Nathan's plans to supplement its growth strategies through acquisitions. On April 1, 1999, Nathan's became the new franchisor of the Kenny Rogers Roasters restaurant system as a result of its acquisition of the intellectual property rights of Roasters Corp. and Roasters Franchise Corp. Additionally, we have entered into a merger agreement with Miami Subs Corporation. The merger, which is subject to shareholder approval, is expected to increase the Company's revenues by approximately $20 million and add approximately 190 restaurants to the system.''
Today the Nathan's Famous retail system is comprised of 25 Company-owned units, 163 franchised or licensed units, and over 700 Branded Product points of distribution, located in thirty-seven states, the District of Columbia and three foreign countries, featuring Nathan's world famous all-beef hot dogs.