The Wall Street Transcript Publishes CEO Interviews

                     in Restaurant Industry Issue 
NEW YORK, Jan. 6 /PRNewswire/ -- Three leading analysts and top management
from ten Major Restaurant Industry firms examine the Restaurant Industry
sector in the latest issue of The Wall Street Transcript (212-952-7433) or 
In a vital review of this sector for investors and industry professionals,
this valuable 71-page report features: 
1)  Ten extensive CEO Interviews (average 2,500 words) with top management
from the following sector firms discussing their future plans and outlook for
their firm and the Restaurant Industry sector: 
Applebee's International (Nasdaq: APPB), a leading restaurant company
specializing in casual dining, is experiencing a "sea change" in its core
strategy.  With the market started to mature, rather than focusing on
distribution and on opening new restaurants, "We are now focused on same-store
sales", declares Lloyd Hill, CEO and President. 
After three very heavy years of losses, Bruce Galloway, CEO of Arthur
Treacher's Inc., (OTC Bulletin Board: ATCH), which operates and franchises
quick service seafood restaurants, plans to be in the licensing business and
focus more on the company's brand.  "We could earn several million dollars
down the road just in licensing fees. The beautiful thing about licensing and
franchise fees and royalties is, it goes right to the bottom line." 
CFO Heiko Piossek of Berentzen-Gruppe AG, a national spirits company in
Germany, discusses the failure of the company's "alcopops" product and their
reaction by "mounting a dramatic restructuring of the whole company",
including the production rationalization, the reduction of the number of
production line, and the outsourcing of their whole logistics operations. 
Eateries Inc.(Nasdaq: EATS), a casual theme dinner house restaurant, has
recovered well from the problem of a vendor shipping contaminated product to a
restaurant division, and CEO Vincent F. Orza now has great expectations of a
better year ahead, "We know that there'll be some consolidation of G&A and
other costs that will fall through as income." 
CEO Craig Maier of Frisch's Restaurants Inc. (Amex: FRX), a well-known
midwestern operator of Big Boy restaurants, has paid "an excellent dividend
which has grown two times in the last two years".  He is proud of the 50-year
track record of success, and according to him, "investors can expect
stability, sound growth prospects, and a healthy dividend rate." 
As the largest franchisee of T.G.I.Friday's, Main Street & Main
(Nasdaq: MAIN) has been very successful "in finding good new locations", and
is going "to provide substantial additional revenues and substantial
profitability", declares CEO Bart Brown. 
New World Coffee-Manhattan Bagel (Nasdaq: NWCI) CEO Ramin Kamfar, reports
the company is the number one franchised chain and also profitable," Unlike
our competitors, we're vertically integrated on both the coffee, and bagel
sides with plants that enable us to supply to whole country." 
P.F. Chang's China Bistro (Nasdaq: PFCB), a chain of restaurants featuring
Chinese cuisine, intends not only to attack new markets, but also to develop
restaurants where the company's unit capacity is exceeded by the demand.  "The
biggest competitive advantage is that we offer an upper end casual dining
experience with a very specific cuisine that you can't get in other places,"
declares CEO Rick Frederico. 
Mark Campbell, CEO of Soul Food Concepts Inc. (OTC Bulletin Board: SLFD) ,
sees a niche that has tremendous upside in the "soul food" genre i.e. southern
American, Carribean, and Spanish food. "We want to stay true to our cuisine
and dining, but there are preconceived notions we want to change: Soul Food is
healthy food." 
According to Steven Johnson, CEO of Total Entertainment Restaurant Corp.
(Nasdaq: TENT), after the company doubled in size, now has a critical mass as
a sizeable company.  He declares, "We have what we call the 'five legs' of our
business, which we think position us very well in the marketplace to have a
thriving business." 
2)  The TWST confidential Off-The-Record survey of management performance
at 20 Restaurant Industry firms asked market insiders about the ability of
management teams to create shareholder value by successfully promoting their
firm's growth and effectively handling labor issues. 
For a free interview excerpt in which Howard Schultz, Chairman & CEO of
Starbucks is called "one of the best CEOs," see 
3)  Investing in Restaurant Industry - In an in-depth Analyst Roundtable
(14,200 words), Damon Brundage, Vice President of Equity Research with J.P.
Morgan Securities, Janice Meyer, Vice President and Senior Restaurant Analyst
with Donaldson, Lufkin & Jenrette, Paul Westra, Equity Research Analyst with
Credit Suisse First Boston examine investor concerns with a minimum wage
increase, slowdown in comps, overcapacity, vulnerable sectors, industry
consolidation, overseas markets, the outlook for the sector and specific stock
For a free brief interview excerpt in which Meyer explains why she likes
P.F. Chang's, see 
The panel goes on to offer recommendation about which sector stocks are
most likely to reward investors. 
To obtain a copy of this insightful 71-page report, see  or call 212-952-7433.  This special section is
also included in CONSUMER Sector of TWST Online at 
The Wall Street Transcript is a premier weekly investment publication
interviewing market professionals for serious investors for over 35 years.
Available at TWST Online provides hundreds of free
interview excerpts from analysts, money managers and CEOs from every sector of
the markets. 
For highlights, recent recommendations by analysts and money managers and
business news, visit 
Do a free search of the extensive TWST Archives at 
The Wall Street Transcript does not endorse the views of any interviewee
nor does it make stock recommendations.

SOURCE  The Wall Street Transcript 

    -0-                             01/06/2000
    /CONTACT:  Peter McLaughlin of The Wall Street Transcript, 212-952-7433/
    /Web site:

CO:  The Wall Street Transcript
ST:  Connecticut

-0- Jan/06/2000   16:28
EOS   (PRN)    Jan/06/2000    16:28       85
-0- (PRN) Jan/06/2000   16:43

Press spacebar to pause and continue. Press esc to stop.