WICHITA, Kan., July 3, 2003 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc., "Lone Star" (Nasdaq:STAR) announced that the Board of Directors declared the Company's quarterly cash dividend of $.165 per share. The dividend is payable July 28, 2003 to shareholders of record on July 14, 2003.
Lone Star owns and operates 249 domestic and 20 international Lone Star Steakhouse & Saloon restaurants; 15 Sullivan's Steakhouse restaurants; five Del Frisco's Double Eagle Steak House restaurants and one Frankie's Italian Grille restaurant. Licensees operate three domestic and one international Lone Star restaurants, and one domestic Del Frisco's Double Eagle Steak House restaurant.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the assumptions underlying the forward-looking statements contained herein, including 2003 operating performance, and comparable sales of the Company, are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the press release will prove to be accurate.