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International Guild of Hospitality & Restaurant Managers

Restaurant Teams International, Inc.

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Business Summary
OTC: RTINE

Restaurant Teams International, Inc. currently operates seven full service restaurants and 3 licensed restaurants in the Atlanta, Georgia market under the name Tanner's Original Rotisserie Grill dba Tanner's Corner Grill and one full-service restaurant located in the Texas City of The Colony under the name Street Talk Café. The Company's restaurants offer a variety of food items, including a wide selection of sandwiches, salads, pizzas, steaks, seafood, and other food items and desserts. While the restaurants offer full-service casual dining, the menus are designed to permit quick food preparation. The Company also owns and operates Regulatory Solutions, Inc. (RSI). RSI is a workplace safety and governmental regulation compliance specialty firm with expertise in the restaurant, manufacturing, oil & gas, and construction industries.

Expanded Business Summary

 

Financial Summary

RTINE operates seven full-service restaurants in Atlanta under the name Tanner's Original Rotisserie Grill dba Tanner's Corner Grill and one full-service restaurant in the Texas City of The Colony under the name Street Talk Cafe. For the fiscal year ended 12/31/00, revenues totaled $5.9 million, up from $2.4 million. Net loss totaled $8.8 million, up from $2.2 million. Results reflect the acquisition of the Tanner's restaurants, offset by increased acquisition and impairment costs.


 

 

 

 

 

 

 

Expanded Business Summary

Restaurant Teams International, Inc. is a multi-concept holding company that currently operates seven full service restaurants and 3 licensed restaurants in the Atlanta, Georgia market under the name Tanner's Original Rotisserie Grill dba Tanner's Corner Grill and one full-service restaurant located in the Texas city of The Colony under the name Street Talk Cafe. The Company also owns and operates Regulatory Solutions, Inc.

The Company was originally incorporated on May 9, 1990, under the name Bosko's, Inc. On November 9, 1992, the Company's name was changed to Fresh'n Lite, Inc. On September 15, 1998 the Company changed its name to Restaurant Teams International, Inc. in order to properly reflect management's desire to position the Company as a multi-concept holding company.

On February 9, 2000, the Company acquired substantially all of the assets of Hartan, Inc. and it's subsidiaries. The assets consisted of 8 Tanner's restaurants in the Atlanta, Georgia market. The Company subsequently sold one of the units to the chain founder, Rick Tanner, under a licensing agreement. The remaining seven stores are operated as Company stores. On March 16, 2000 the Company acquired Regulatory Solutions, Inc. (RSI). RSI is a workplace safety and governmental regulation compliance specialty firm with expertise in the restaurant, manufacturing, oil & gas, and construction industries.

Restaurant Segment

Restaurant Teams currently operates seven full service restaurants and 3 licensed restaurants in the Atlanta, GA market under the name Tanner's Original Rotisserie Grill dba Tanner's Corner Grill and one full-service restaurant located in the Texas City of The Colony under the name Street Talk Café. The Company's restaurants offer a variety of food items, including a wide selection of sandwiches, salads, pizzas, steaks, seafood, and other food items and desserts. The majority of the Company's food items are prepared to order using fresh meats, cheeses, and vegetables. While the restaurants offer full-service casual dining, the menus are designed to permit quick food preparation. The restaurants also offer take-out service.

The menu features a wide variety of entrees including rotisserie chicken, ribs, sandwiches, salads, pizzas, steaks, seafood, and special dinner items and desserts. Alcoholic beverages are served as a complement to meals and average approximately 4% of restaurant revenues. The Company targets urban white-collar markets and focuses on increasing customer value by providing more wholesome and consistent offerings than other casual dining restaurants at comparable prices in a relaxed and entertaining atmosphere.

The Company's strategy is to continually deliver broad menu appeal by offering patrons selections from all dining segments in good tasting versions. In addition, the Company's efforts to assure the broad appeal of its menu combined with its emphasis on affordability and food quality promotes frequent return visits by restaurant guests. Dinner entrees presently range in price from $6.95 to $10.95. An assortment of sandwiches, baked potatoes, salads, burgers, soups and pizza round out the menu. Both concepts use the same menu for lunch and supper.

Regulatory Safety Segment

Regulatory Solutions is a business to business (B2B) professional services company. RSI specializes in State and Federal laws that govern both the employer and employee in the work place. The Company provides proprietary "Worksafe" training and certification programs utilized as a major outsource for regional and national businesses alike.

The "Worksafe" programs, which are marketed on both a corporate and franchise level, provide cutting edge safety and training designed to address the specific needs of management as it relates to ongoing safety and health issues associated with their industry. RSI is expanding through marketing a well-designed franchise program. RSI franchisees will develop regional territories and provide customer service for the ongoing needs of the franchise client acting as a direct liaison between the franchisor and the end user. The Worksafe programs address vital compliance issues with specific industry related agencies such as DOH, DOT, OSHA, and EPA. The Worksafe products are designed to reduce potential liabilities and assist their clients in obtaining the lowest possible premium associated with Workers Compensation Insurance.

On March 13, 2000, Restaurant Teams entered into revised definitive agreement to acquire the Fatburger hamburger chain (Fatburger). Fatburger, founded in 1952, currently operates 13 Company owned Fatburger restaurants in the Los Angeles, California market and franchisees 21 restaurants in Southern California and Las Vegas, Nevada under the Fatburger brand.

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Disclaimer:
The data included within the Financial section is solely for information  and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.