Shells Seafood Restaurants, Inc. Names Restaurant Veteran Marc Bernstein as CEO
02 4월 2008 - 5:10AM
PR Newswire (US)
TAMPA, Fla., April 1, 2008 /PRNewswire-FirstCall/ -- Shells Seafood
Restaurants, Inc. (OTC:SHLL) (BULLETIN BOARD: SHLL) announced that
Marc Bernstein, 38, a veteran restaurateur, has been named Chief
Executive Officer to be effective April 14, 2008. Mr. Bernstein had
been employed for over 10 years with Dallas BBQ, a chain of seven
high volume restaurants located in New York City, NY, where he
served in several leadership positions, including its Director of
Operations. Prior to Dallas BBQ, Mr. Bernstein has been the owner /
operator of several restaurant concepts in the New York area. "We
are delighted to welcome someone with Marc's extensive restaurant
experience to lead Shells through these difficult economic times,"
said Shells Chairman of the Board Philip Chapman. "His high energy,
hands-on management style will be ideal for leading the Shells
brand back toward financial stability, profitability and growth."
Mr. Bernstein replaces Leslie Christon, who left the company in
March 2008 to pursue other opportunities. The Company also stated
that Warren Nelson will retain the title of President, Chief
Financial Officer of Shells. Mr. Nelson, who has served Shells for
14 years as its CFO, had been named interim President upon the
departure of Mrs. Christon. The Company manages and operates 23
full-service, neighborhood seafood restaurants in Florida under the
name "Shells". Shells restaurants feature a wide selection of
seafood items, including shrimp, oysters, clams, crawfish, mussels,
scallops, lobster, crab and daily fresh fish specials, cooked to
order in a variety of ways: steamed, sauteed, grilled, blackened
and fried. Shells restaurants also offer a wide selection of
signature pasta dishes, appetizers, salads, desserts and full bar
service. In addition to seasonal fluctuations, the Company's
quarterly and annual operating results are affected by a wide
variety of other factors that could materially and adversely affect
revenues and profitability, including changes in consumer
preferences, tastes and eating habits; increases in food, labor
costs and other operating expenses; the availability of food
acceptable to our quality standards at acceptable prices; the
availability of qualified labor; national, regional and local
economic and weather conditions; international economic, cultural
and political conditions; promotional timings and seasonality;
demographic trends and traffic patterns; changes in travel and
tourism tendencies, particularly in light of world events;
competition from other restaurants and food service establishments;
availability of third party financing to fund capital or operating
activities, if required; changes in personnel, including senior
management; and the timing, costs and charges relating to
restaurant openings, closings and remodelings. As a result of these
and other factors, the Company may experience material fluctuations
in future operating results on a quarterly or annual basis, which
could materially and adversely affect its business, financial
condition and stock price. Furthermore, this press release and
other documents filed by the Company with the Securities and
Exchange Commission ("SEC") contain certain forward-looking
statements with respect to the business of the Company and the
industry in which it operates. These forward-looking statements are
subject to certain risks and uncertainties, including those
mentioned above, which may cause results to differ significantly
from these forward-looking statements. The Company undertakes no
obligation to update these forward looking statements on a regular
basis. An investment in the Company involves various risks,
including those mentioned above and those that are detailed from
time- to-time in the Company's SEC filings. DATASOURCE: Shells
Seafood Restaurants, Inc. CONTACT: Warren R. Nelson of Shells
Seafood Restaurants, Inc., +1-813-961-0944 Web site:
http://www.shellsseafood.com/
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