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[MEXICAN RESTAURANTS, INC. LETTERHEAD]
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Mexican Restaurants, Inc.
Andrew J. Dennard
(713) 943-7574
MEXICAN RESTAURANTS, INC.
ANNOUNCES PURCHASE OF 120,000 SHARES OF COMMON STOCK
(NASDAQ:CASA)
Houston, Texas (June 1, 2000) Mexican Restaurants, Inc. today announced that its
board of directors approved the repurchase of 120,000 of its common shares, and
acquired such shares in negotiated transactions with non-affiliated shareholders
today. The repurchased shares will be placed in the treasury for general
corporate purposes.
Lou Neeb, Chairman of Mexican Restaurants, Inc., commented, "The Company's board
of directors authorized this purchase because they felt it represented a good
investment for the Company's shareholders. The Company may be prepared to look
at opportunities to repurchase shares in the future and when it is consistent
with its capital needs and financing availability."
Mexican Restaurants, Inc. operates and franchises 91 Mexican restaurants. The
current system includes 55 Company-operated restaurants and 36
franchise-operated restaurants.
