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Prandium Inc. (fka PRDM) RSS Feed

Followers
8
Posters
45
Posts (Today)
0
Posts (Total)
437
Created
11/19/06
Type
Free
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**4.0 thousand  market cap      5.0 million shares outstanding**    

2701 Alton Parkway Irvine , CA 92606 Phone: (949) 863-8500 Fax: (949) 724-9914 http://www.prandium.com/ Prandium, Inc., incorporated in 1986, is primarily engaged in the operation of restaurants in the full-service and fast-casual segments. The Company operates restaurants under the Chi-Chi's, Koo Koo Roo (KKR) and Hamburger Hamlet brand names. At December 30, 2001 , the Company operated 190 restaurants in 21 states, approximately 65% of which are located in California , Ohio , Pennsylvania , Indiana and Michigan , and franchised and licensed seven restaurants outside the United States . In May 2002, the Company filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. In May 2002, the Company announced that its wholly owned subsidiary, FRI-MRD Corporation, signed an agreement for the stock sale of its 14-unit Hamburger Hamlet concept located in California, Maryland and Virginia to Los Angeles based Latin Intellectual Properties, Inc. The sale is expected to close after completion of Prandium's reorganization, but no earlier than July 24, 2002. The Company operated 190 restaurants primarily under the Chi-Chi's, KKR and Hamburger Hamlet concepts at December 30, 2001. The Chi-Chi's restaurants serve moderately priced Mexican food and a wide selection of alcoholic and non-alcoholic beverages. KKR restaurants are in the emerging restaurant category of fast-casual restaurants that serve meals with the convenience and value associated with quick service, but variety associated with casual, full-service dining restaurants. The Hamburger Hamlet restaurants are full-service casual dining restaurants. The average food check per person for Chi-Chi's, Hamburger Hamlet and KKR, excluding alcoholic beverage sales, for 2001 on an unweighted basis was $10.98 for Chi-Chi's, $10.18 for Hamburger Hamlet and $9.82 for KKR. Chi-Chi's restaurants generally contain from 5,000 to 10,600 square feet of floor space and accommodate approximately 200 to 400 guests in the restaurant and lounge. The Chi-Chi's restaurants are generally located in freestanding buildings in densely populated suburban areas. KKR restaurants generally contain from 2,700 to 3,100 square feet of floor space and accommodate approximately 75 to 85 guests. The selection of sites for new restaurants is the responsibility of the senior management of Chi-Chi's, Inc. and KKR. Typically, potential sites are brought to the attention of the Company by real estate brokers and developers familiar with its needs. Sites are evaluated on the basis of a variety of factors, including demographic data, land use and environmental restrictions, competition in the area, ease of access, visibility, availability of parking and proximity to a major traffic generator, such as a shopping mall, office complex, stadium or university.

 3 MILLION SHARS BOUGHT IN MAY ALONE. RECENT ACTIVITY.

4.0 Thousand

Market Capitalization

  5.0 Million

Shares Outstanding

 http://66.201.236.134/export/level2.jsp?symbol=prdm LEVEL 2 **LOOKS LIKE SELLERS ARE GONE.

Bid Level #MM's Size Ask Level #MM's Size
0.0001 1 5000 0.0500 1 5000
0.0000 0 0 0.0000 0 0
0.0000 0 0 0.0000 0 0
0.0000 0 0 0.0000
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