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Fast Food Operators makes announcement.

Publication: Business Wire
Date: Thursday, November 30 1995

BAYSIDE, N.Y.--(BUSINESS WIRE)--Nov. 30, 1995--Fast Food Operators Inc. (OTC) announced today that it consummated the sale of all of the assets of its Popeye's Famous Fried Chicken and Biscuits restaurant (the "restaurant") located in Teaneck, N.J.

The closing of the transaction resulted

in the company receiving an aggregate of $175,000 in cash proceeds, and closing adjustments of approximately $20,350.

Management envisions that the proceeds of this sale will be applied to the payment of certain operating expenses and to a distribution to stockholders in the nature of a return of capital.

Fast Food Operators Inc. also announced that its board of directors has declared a dividend in the nature of a return of capital of $0.025 per share on its common stock. The record date for determination of shareholders entitled to the dividend is Dec. 11. The dividend will be paid by the company on Dec. 21.

CONTACT: Fast Food Operators Inc.

Lewis E. Topper, 718/229-1113

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Subject: Mergers, acquisitions and divestments
Company: Fast Food Operators Inc. Mergers, acquisitions and divestments 00303000, Popeyes Inc. Mergers, acquisitions and divestments 00217304
Product: Eating Places, Fast Food Chicken Restaurants, Limited-Service Restaurants

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Fast Food Operators makes announcement.

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