WICHITA, Kan., April 29, 2002 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. (Nasdaq:STAR) today announced that it has extended the previously announced non-binding Letter of Intent with Bruckmann, Rosser, Sherrill & Co., Inc. to May 4, 2002.
Lone Star Steakhouse & Saloon, Inc. owns and operates a chain of 249 domestic and 25 international Lone Star Steakhouse & Saloon restaurants. The Company also owns and operates 5 Del Frisco's Double Eagle Steak Houses and 15 Sullivan's Steakhouses.
This press release contains certain 'forward-looking' statements, which are intended to be covered by the safe harbors created by the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all 'forward-looking' statements involve risks and uncertainty, including without limitation, the ability of the Company to legally set aside funds for the payment of cash dividends. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of significant uncertainties inherent in the 'forward-looking' statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.