DALLAS, June 5, 2001 (PRIMEZONE) -- Hudson's Grill International, Inc. (OTCBB:HGII), based in Dallas, Texas, announced today that its class A common stock is now quoted and being traded on the OTC Bulletin Board. The stock is being quoted and traded under the symbol HGII or HGIIA.OB.
The Company also reports that its Wausau, Wisconsin, franchisee has re-opened their Hudson's Grill, which had been closed due to a fire in the restaurant's kitchen that occurred on May 1, 2001. Prior to its closing for repairs, the Wausau franchisee produced the largest sales volume of any Hudson's Grill restaurant. Its royalty payments exceeded 20% of the sales revenue of the Company over the four months prior to its closing.
Hudson's Grill International is a public company, and its stock is now currently being actively traded. The company's class A common shares are traded over the counter on the bulletin board under the NASD symbol HGII or HGIIA or HGIIA.OB.
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This press release may contain forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms or comparable terms. These statement are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the Company's filings with the SEC.