Latest Star Buffet (STRZ) Headlines CRWENEWSWIR
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CRWENEWSWIRE Daily Stock Watch Asia Green Agriculture Corp. (OTCQB:AGAC), EQ Labs, Inc. (OTC:EQLB), and Star Buffet, Inc. (OTC:STRZ)
WorldStockWire - Fri Aug 09, 11:45AM CDT
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Star Buffet, Inc. Sells Real Estate
GlobeNewswire - Fri May 31, 7:00PM CDT
Star Buffet, Inc. (STRZ.PK) today announced that the company has sold its former JJ North's Country Buffet in Yuma, Arizona. Proceeds from the real estate sale were used to repay Wells Fargo Bank, N.A. in accordance with the company's Second Amended Joint Plan of Reorganization which was approved by the United States Bankruptcy Court for the District of Arizona on December 17, 2012.
K-BOB'S Steakhouses Closed
GlobeNewswire - Wed May 15, 8:12PM CDT
Star Buffet, Inc. (STRZ.PK) announced that its wholly-owned subsidiary, Summit Family Restaurants Inc. ("Summit"), has closed its three K-BOB'S Steakhouses. In conjunction with the closures, Summit terminated real estate lease agreements on the three restaurants with Tinsley Hospitality Group in exchange for certain personal property and settlement of all Tinsley-related litigation including that brought prior to the Summit bankruptcy. These closures will result in a one-time, non-cash charge of approximately $865,000, but is expected to have no material impact on future operating results.