Reminder 4;
FT. MYERS, FL, Jan 10 (MARKET WIRE) --
Baron International, being acquired by Prime Restaurants, Inc. (PINKSHEETS:
PRSU), today announced that it will start field testing of a new
state-of-the-art beverage control system.
Baron International has been given the opportunity to be the United States
distributor of the new beverage control system manufactured by Takk
SystemsInc. here. Field testing of the
system will be done by installing several systems in Baron's Refrigeration
Division's
restaurant and hotel clients' establishments such as Applebees, Ruby Tuesday,
Red
Lobster, Olive Garden, and similar operations.
Should the field tests respond successfully as expected, Baron anticipates
substantial revenue flow from the sales and leasing of the systems, as
wellas recurring revenues from service contracts and monitoring fees.
The new systems reduce spillage, over pouring and theft in draft beer and
liquor dispensing systems. Statistics from the National Restaurant Association
indicate that loses due to slippage and theft range from 10% to 30%.
The systems feature flow meters that interface with beer lines and liquor
"guns." The system measures every pour and reports all information to a
central monitoring office. It then matches every pour with every beverage sale
to
see if there is any over pouring, spillage or theft. Customers can view their
accounts "real time" by simply logging on to the company website, or in cases of
irregularities can be alerted by e-mail or fax.
This seems to be the only system of its type on the market and the potential
clients for such a system are limitless, as waste and theft are two of if not
the biggest problems facing the beverage part of any establishment that
serves alcohol.
"We are always looking for additional quality products to introduce to our
clients while increasing revenue for the company. If this system tests the
way we anticipate it will, Baron will realize millions of dollars in new
revenue as we will become the distributor for the entire United States," said
Mr.
Robert Ingala, President, Baron International.
About Baron International:
Baron International, Inc., a multi-million dollar a year revenue
operation,was founded in 1982 by Mr. Robert Ingala and Mr. Norman Kushner. Since
its
inception, the company built many restaurants and has sold several beer
systems and equipment. The company serves major companies such as
Applebee's, Pepsi and National Amusement (Mr. Summer Redstone, Viacom), among
many
other major corporations.
About Prime Restaurants, Inc.
Prime Restaurants, Inc. is a Restaurant Owner/Operator Holding Company
devoted to
the restaurant and food service industry, with an aggressive growth plan. The
company's capitalization is presented below:
Authorized Common Shares: 180,000,000
Restricted Common Shares: 155,733,240
Common Shares in the Public Float: 24,266,760
This press release does not constitute an offer of any securities for
sale.This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
theSecurities Exchange Act of 1934. These forward-looking statements involve
certain
risks and uncertainties that could cause actual results to differ, including,
without limitation, the company's limited operating history and history of
losses, the inability to successfully obtain further funding, the inability to
raise capital on terms acceptable to the company, the inability to compete
effectively in the marketplace, the inability to complete the proposed
acquisition and such other risks that could cause the actual results to
differ materially from those contained in the company's projections or
forward-looking statements. All forward-looking statements in this press release
are
based on information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking statements to reflect
events or circumstances occurring after the date of this press release.
Contact:
Prime Restaurants, Inc.
Investor Relations
Tel: 1-866-532-5908
Fax: 1-239-437-5777
Copyright 2008, Market Wire, All rights reserved.
