NEWS FOR IMMEDIATE RELEASE: Thursday, March 11, 1999
CONTACT: Hollis Taylor, President & C.E.O.
Pancho's Mexican Buffet, Inc.
(817) 831-0081
PANCHO'S ANNOUNCES LISTING ON
NASDAQ SMALLCAP MARKET
FORT WORTH, TX -- Pancho's Mexican Buffet, Inc. (NASDAQ: PAMX) announced today
that the listing of the company's securities will be moved to the Nasdaq
SmallCap Market from the Nasdaq National Market effective March 12, 1999. The
Nasdaq Review Panel has determined that the company currently satisfies all
requirements for listing on the SmallCap Market.
Based in Fort Worth, Texas, Pancho's Mexican Buffet, Inc. is the only publicly
held company offering "all-you-can-eat" Mexican food in a buffet-style format.
The Company operates 48 restaurants in Texas, Louisiana, New Mexico and
Oklahoma.
Certain statements in this news release regarding future expectations and plans
for the company may be regarded as "forward-looking statements" within the
meaning of the federal securities laws. Actual results may vary materially.
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned herunto duly authorized.
Pancho's Mexican Buffet, Inc.
March 22, 1999 /s/W. Brad Fagan
Brad Fagan, Vice President, Treasurer,
Chief Financial Officer and Principal
Accounting Officer
