Macheezmo Mouse Restaurants, Inc.

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International Guild of Hospitality & Restaurant Managers

Business Summary
OTC: MMRI

Financial Summary

Macheezmo Mouse operates a chain of 13 (as of 6/98) quick service restaurants primarily in the Portland, Oregon metropolitan area. MMRI offers fresh, high quality, healthy Mexican-style food. For the 40 weeks ended 4/6/99, revenues decreased 12% to $4 million. Net loss fell 34% to $508 thousand. Revenues reflect a decrease in restaurant sales due to fewer operating restaurants. Lower loss reflects efficiencies in operations and salary and hourly management

Expanded Business Summary

Macheezmo Mouse Restaurants, Inc. operates a chain of 13 quick-service restaurants that offer fresh Mexican-style food. The Company's restaurants offer dine-in and take-out lunch and dinner service primarily in the Portland, Oregon, metropolitan area. The Company closed one restaurant in Washington and one restaurant in Oregon in fiscal 1998. The Company's restaurants feature an extensive selection of specialty and traditional Mexican-style dishes including burritos, salads, enchiladas, quesadillas and tacos. These menu items can be ordered with a choice of grilled chicken, grilled steak, grilled pork or vegetarian. In fiscal 1998, the Company introduced new burritos, enchiladas and tacos and brought back some of the past Macheezmo Mouse favorite dishes. The Company uses fresh ingredients in its menu items and prepares most food to order. The Company's variety of foods is designed to appeal to a broad range of customers. The Company also launched its retail business, Macheezmo Foods, in fiscal 1998.

The Company's restaurants feature an authentic Mexican-style menu including burritos, tacos, enchiladas, "Bowls", salads and appetizers available with steak, chicken, pork and non-meat. A self-serve complementary salsa bar is provided, which is filled with fresh salsas and Mexican compliments. Most ingredients are prepared fresh daily at each location. No animal fats or tropical oils are added. The Company focuses its menu items on authentic Mexican cuisine and has reintroduced some of previously popular Macheezmo Mouse classics, including "Boss Sauce" burritos, "Baja Bowls", the Famous #5 and salads. New product development is emphasized through the use of "specials". The Company's stores generally are open from lunch through dinner with the exception of the Portland Airport, which is open for breakfast. Most menu items are priced at $4.25 or less.

The Company operated 12 restaurants in Oregon and one in Washington as of June 30th, 1998. The Company closed two restaurants during fiscal 97/98; Overlake restaurant, located in Redmond, Washington and the Hawthorne restaurant in Portland, Oregon. The Company has developed two alternative distribution outlets (Carts) located in the Portland Airport. The carts are located in remote airline wings and offer breakfast, lunch and dinner burritos, assorted juices and sodas and cookies.

As of June 30th, 1998, the Company is selling retail products in Costco Wholesale and Albertsons Grocery stores in the Northwest market. In Costco, the Company features fresh-deli products in a variety of traditional Mexican food items. Entree selections currently range in price from $6.85 for burritos to $7.95 for quesadillas. In Albertsons Groceries, the Company features frozen burritos in a variety of Mexican styles. Emphasis on all the retail products is on high-quality products using only top grade ingredients. The Company has also entered into an agreement with Alaska Airlines to produce breakfast and lunch burritos for various Northwest, Alaska and southern California-based flights. Alaska customers receive a Macheezmo five-ounce breakfast burrito on morning flights and a 5.5-ounce turkey and bean Macheezmo burrito for lunch flights..

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Disclaimer:
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