Cafeteria Operators, L.P., a Wholly Owned Subsidiary of Furr's Restaurant Group, Inc., Announces the Redemption of Its 12% Senior Secured Notes Due December 31, 2001

Apr 30, 2001, 01:00 ET from Furr's Restaurant Group, Inc.

    RICHARDSON, Texas, April 30 /PRNewswire/ -- Cafeteria Operators, L.P., a
 wholly owned subsidiary of Furr's Restaurant Group, Inc. (Amex:   FRG) has
 announced that it is redeeming its 12% Senior Secured Notes due December 31,
 2001.  The Notes will be redeemed on May 10, 2001, at a redemption price of
 100% of the outstanding principal amount of $45,700,000.  Interest will
 continue to accrue through May 9, 2001 and will be paid upon redemption.
 Trading in the Notes will be suspended by the American Stock Exchange
 effective May 10, 2001.  Holders of the Notes should contact either the
 Company or State Street Bank, Corporate Trust, Boston, MA, for instructions on
 how to obtain payment of the redemption price of the Notes.
     Furr's Restaurant Group, Inc. operates 95 cafeterias under the Furr's and
 Bishop's names in 12 midwestern, southwestern and western states.  The Company
 also operates Dynamic Foods, its food preparation, processing and distribution
 division, in Lubbock, Texas.
     Note:  Forward-looking statements regarding management's present plans
 involve a number of risks and uncertainties.  The actual results of the future
 events described in such forward-looking statements could differ materially
 from those stated in such forward-looking statements.  Among the factors that
 could cause actual results to differ materially are: adverse conditions in the
 restaurant industry and other competitive factors, governmental regulation,
 pending and possible future litigation, seasonality of business, loss of
 material suppliers or increases in the costs of raw materials used in the
 Company's food products, termination of key franchise and/or license
 agreements, as well as other risks and uncertainties disclosed in periodic
 reports on Form 10-K and Form 10-Q filed with the Securities and Exchange
 Commission.
 
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SOURCE Furr's Restaurant Group, Inc.
    RICHARDSON, Texas, April 30 /PRNewswire/ -- Cafeteria Operators, L.P., a
 wholly owned subsidiary of Furr's Restaurant Group, Inc. (Amex:   FRG) has
 announced that it is redeeming its 12% Senior Secured Notes due December 31,
 2001.  The Notes will be redeemed on May 10, 2001, at a redemption price of
 100% of the outstanding principal amount of $45,700,000.  Interest will
 continue to accrue through May 9, 2001 and will be paid upon redemption.
 Trading in the Notes will be suspended by the American Stock Exchange
 effective May 10, 2001.  Holders of the Notes should contact either the
 Company or State Street Bank, Corporate Trust, Boston, MA, for instructions on
 how to obtain payment of the redemption price of the Notes.
     Furr's Restaurant Group, Inc. operates 95 cafeterias under the Furr's and
 Bishop's names in 12 midwestern, southwestern and western states.  The Company
 also operates Dynamic Foods, its food preparation, processing and distribution
 division, in Lubbock, Texas.
     Note:  Forward-looking statements regarding management's present plans
 involve a number of risks and uncertainties.  The actual results of the future
 events described in such forward-looking statements could differ materially
 from those stated in such forward-looking statements.  Among the factors that
 could cause actual results to differ materially are: adverse conditions in the
 restaurant industry and other competitive factors, governmental regulation,
 pending and possible future litigation, seasonality of business, loss of
 material suppliers or increases in the costs of raw materials used in the
 Company's food products, termination of key franchise and/or license
 agreements, as well as other risks and uncertainties disclosed in periodic
 reports on Form 10-K and Form 10-Q filed with the Securities and Exchange
 Commission.
 
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                http://tbutton.prnewswire.com/prn/11690X40543670
 
 SOURCE  Furr's Restaurant Group, Inc.