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Real Mex Restaurants, Inc. (RMEX) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 25, 2005

Real Mex Restaurants, Inc.

CIK: 1289480 Ticker: RMEX

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

Contact:  Steve Tanner

Chief Financial Officer

Real Mex Restaurants

562-346-1202

steve.tanner@realmexrestaurants.com

 

REAL MEX RESTAURANTS, INC. TO ENGAGE FINANCIAL ADVISORS TO EXPLORE
STRATEGIC ALTERNATIVES

 

Cypress, Calif. – January 18, 2006 – Real Mex Restaurants, Inc. announced today that it plans to appoint financial advisors to assist the Company in exploring and evaluating strategic alternatives.  However, the Company can give no assurances that it will pursue any alternative.

 

The Company also announced that unaudited revenues for the fiscal year ended December 25, 2005 were approximately $534 million, an increase of $207 million or 63% from the prior fiscal year.  The increase in revenues was predominately related to the acquisition, on January 11, 2005, of 69 Chevys Fresh Mex® restaurants and 5 Fuzio Universal Pasta® restaurants.  The Company continues to pursue growth plans and since November 2004 has opened an El Torito Grill® restaurant in Sherman Oaks, California, El Torito® restaurants in Encinitas, Corona and Oxnard, California and is scheduled to open an additional El Torito restaurant in Temecula, California in February 2006.  Plans call for eight additional restaurants to be opened in fiscal year 2006.

 

About Real Mex Restaurants

Real Mex Restaurants, Inc. is the largest full-service Mexican casual dining restaurant chain operator in the United States with 197 Company owned restaurants, 37 franchised restaurants and 12 licensed international restaurants, a total of 246 restaurants.  The Company owned restaurants include 162 restaurants in California and an additional 35 restaurants in twelve other states.  These include 70 El Torito restaurants, 68 company-owned Chevys Fresh Mex restaurants, 36 Acapulco Mexican Restaurant’s®, 7 El Torito Grill restaurants, five company-owned Fuzio Universal Pasta restaurants, the Las Brisas restaurant in Laguna Beach, and several regional restaurant concepts such as Who Song & Larry’s®, Casa Gallardo®, El Paso Cantina®, Keystone Grill and GuadalaHARRY’S®.  Real Mex Restaurants, Inc. is committed to the highest performance standards and is dedicated to serving the freshest Mexican food with excellent service in a clean, comfortable, and friendly environment.  For more information, please visit the Company’s website at www.realmexrestaurants.com .

 

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Certain statements contained herein that are not descriptions of historical facts are “forward-looking” statements. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Risks and uncertainties that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by Real Mex Restaurants, Inc. with the

 


The following information was filed by Real Mex Restaurants, Inc. (RMEX) on Thursday, January 19, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Real Mex Restaurants, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2006 10-K Annual Report includes:

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SEC Filing Tools
Ticker: RMEX
CIK: 1289480
Form Type: 10-K Annual Report
Accession Number: 0001104659-06-010912
Submitted to the SEC: Tue Feb 21 2006 6:26:57 PM EST
Accepted by the SEC: Wed Feb 22 2006
Period: Sunday, December 25, 2005
Industry: Retail Eating And Drinking Places

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