Austins Steaks & Saloon, Inc. - STAK- Profile

Austins Steaks & Saloon, Inc.. The Group's principal activity is to franchise and operate restaurants. The Group operates and/or franchises the Austins Steaks & Saloon, WesterN SizzliN, WesterN SizzliN Wood Grill, Great American Steak & Buffet, Quincy Steakhouses and Market Street Buffet and Bakery concepts. The Group operates 3 Western SizzliN restaurants, 4 Austins Steaks & Saloon restaurants, 10 Great American Steak & Buffet restaurants. The Group operates and franchises a total of 193 restaurants located in 22 states, including 7 company-owned and 186 franchise restaurants as of December 31, 2002. The Group's restaurants are currently located in the states of Alabama, Arizona, Arkansas, Colorado, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia. Restaurants accounted for 80% of 2002 revenues and franchising and other, 20%.