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Show National Enterprise Page Two. Mr. Steak Earns Medium Grades for 75 DENVER,- - Proof that the officers of Mr. Steak (OTC 3.875, 4.25) could bring home the bacon somewhat tenderized the feelings of share- holders at the firm's annual meeting in Denver. The Denver-basesteak restaurant chain reported a profit for its 1975 fiscal year, ended Sept. 30, and the first fiscal quarter of 1976 set a record for the firm. During the year, the com d pany reported net income of $111,000, or 7 cents a share on revenues of. $28.09 million, compared with a net loss of $849,000, equivalent to 53 cents a share, on revenues of $25.41 million in the previous fiscal year. However, without the loss in 1974, the company couldn't have reported a profit in 1975. There was an extraordinary item in the 1975 figure; It totaled $208,000 and was claimed credit from the previous year's operating loss carry forward. Without the extraordinary credit, the companys bottom line would have been a net loss of $97,000, equivalent to 6 cents a share. The fourth quarter of the year was a profitable one, with or without the extraordinary credit. During that quarter, Mr. Steak reported net income of $376,000, or 24 cents a Security Brokers, Dealers, Corporate Officials, Attorneys. same period, he added, food prices in restaurants rose only 33 percent. He told the shareholders that predictions had been made that, within the next 30 months, the restaurant business would be a $100 billion a year industry. The number one advertised brand name in the share, on revenues of $8.2 million, compared with a net loss of $669,000. equivalent to 42 cents a share, on revenues of $6.82 million in the same quarter of the previous year. Without the extraordinary addition of $208,000, income for the quarter was $168,000 or 11 cents a share. In the first quarter of the firms 1976 fiscal year, it reported net income of $210,000, or 13 cents a share, on revenues of $7.52 million, compared with a net loss of $14,000, equivalent to a penny a share, on revenues of $6.19 million in the same quarter of the- - prevous fiscal year. As is customary with the Denver firm, its chairman and founder, James A. Mather, started the meeting with a prayer. The chief executive officer also said that the future looked good for the company and for the restaurant business. Mather explained that, from 1972 to 1974, prices for food sold in stores and served at home increased approximately 45 percent. During the isnt country Coca-Col- a, continued, but McDonalds. Among the predictions for the future of the industry, he said, is the projection that half the meals in this country will be eaten away from home by the year 1980. Mr. Steak, he said, in preparing for that time with a program of controlled growth. Were back to true north, Mather added. James C. Shearon, president and chief operating officer, told the shareholders that the chain now has 225 restaurants, including both and francompany-owne- d ' chised restaurants. These he restaurants, said, increased their sales volumes by 8 percent in the past fiscal year. continued on page 9 Uranium Prices Spark Jenex Gold Acquisition COLVILLE, sparked extensive exploration efforts around the world to acquire new supplies. In the last 12 months, he said, the price per pound of uranium has increased from $7.00 to $30.00 and recent reports indicate that major United States utilities have concluded future contracts calling for up to $44.00 per pound U308. Exploration in Nevada is centered on the discovery of e large, deposits suitable for open-pi- t mining methods. The 1975 annual report of Jenex Gold Corporation is scheduled to be mailed to shareholders toward the end of May, Lamb said. The annual meeting is planned for early July. Washington-Jen- ex Gold Corporation (OTC A Helping namidl for sweatty palms Juristics Securities Law Seminars help you avoid problems under securities regulations. Theyre education on tape to protect you and your clients. 'SS-S- r ' 1 announced .045, .055) Monday the acquisition of 50 percent interest in an open pit uranium prospect of 8 unpatented lode mining claims in the Four Mile Mining District, Churchill County, Nevada. A grid radiometric survey with a gamma scintillometer, followed by geologic mapping and geochemical sampling, is planned on the property. Other areas are also low-grad- ' being researched and prospected, said company president, Norman Lamb. If results on any of these warrant, claims will be located. Lamb said the continued upward trend of uranium prices on' world markets has Complete, current, concise seminars covering the field of Securities Law, you learn at your leisure from experts. Listen and learn while you commute to the office, while you have lunch, in the . evenings as you relax at home. 12 Cassette Seminars in handsome album with compendium the small investment of only $1 00.00. Any one of the 1 2 sessions could save you many times its modest cost. All for THE NATIONAL. JURISTICS Send for your Juristics Securities Law Seminars now. Juristics, Inc. 233 Parker, Suite 101 P.O.Box 11126 San Francisco, Cal ifornia Subscriptions 1 8 35 Cents per year Second Class Postage Paid in Salt lake 941 01 R. George Gregersen Publisher Alene Name. E. Bentley Editor Street Address. State. City Charge my Master Charge Bankamericard Expiration Date. Account Number Signature a Copy The National Enterprise is published weekly hy the National Enterprise n9 Company, Inc, 500 Continental Bank Bldg., P.0. Box 11778, Pioneer Station. Sad lake Gty, Utah 84147. (S01)533-055- 6 Please send me the Juristics 1 2 Cassette Seminar on Securities Law. My check for $100.00 is enclosed. Zip. Ryan he B. Business Poulton Manager Mary McMillan Gaber Staff Reporter 1 Cydi Johansson Circulation Manager City, Utah |