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Jerry S Famous Deli Inc

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BUSINESS
September 19, 1995
Jerry's Famous Deli Inc. is going public. The popular Studio City-based restaurant chain has filed a registration statement with the Securities and Exchange Commission outlining plans to sell 2.415 million shares of common stock at $6.50 apiece, for a total of $15.7 million. An additional 1.07 million shares will be offered by certain shareholders and an independent director of the company.
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CALIFORNIA | LOCAL
May 19, 2002 | From Times Staff Reports
A kitchen fire caused $500,000 in damage Saturday to Jerry's Famous Deli in the 12600 block of Ventura Boulevard, Los Angeles Fire Department spokesman Brian Humphrey said. About 55 firefighters battled the 8:30 a.m. blaze, which was reported after a passerby saw flames on the roof. Humphrey said the fire started accidentally in the kitchen and may have spread through the ventilation system. One employee suffered minor burns to his hands, officials said.
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CALIFORNIA | LOCAL
May 19, 2002 | From Times Staff Reports
A kitchen fire caused $500,000 in damage Saturday to Jerry's Famous Deli in the 12600 block of Ventura Boulevard, Los Angeles Fire Department spokesman Brian Humphrey said. About 55 firefighters battled the 8:30 a.m. blaze, which was reported after a passerby saw flames on the roof. Humphrey said the fire started accidentally in the kitchen and may have spread through the ventilation system. One employee suffered minor burns to his hands, officials said.
BUSINESS
October 13, 2001 | A Times Staff Writer
Studio City-based restaurant operator Jerry's Famous Deli said it filed to deregister its common stock and will cease filing financial statements with securities regulators. Jerry's shares were delisted from the Nasdaq SmallCap market this week for failing to meet certain Nasdaq standards. The company said its move to deregister the shares will mean they will no longer trade on the electronic Bulletin Board, though they may still trade over the counter among brokerages.
CALIFORNIA | LOCAL
August 8, 2000
Jerry's Famous Deli Inc. of Studio City reported net income of $80,000 for the second quarter ended June 30, compared with a loss of $133,000 for the second quarter of 1999. Revenue dipped slightly to $16.3 million from $16.8 million. Jerry's operates 10 restaurants in Southern California and Florida, and a market in Florida.
BUSINESS
April 30, 1996
Jerry's Famous Deli Inc., a Studio City restaurant company, reported earnings increased by 175% to $320,000 from $116,000 in the first quarter that ended March 31. Revenues increased 8% to $7.7 million from $7.2 million last year. The company attributed the surge to the opening of its Old Pasadena location in the first quarter. Another restaurant is under construction in Westwood, and a third is planned in Orange County. The company is also considering building a restaurant in Las Vegas.
BUSINESS
October 25, 1995 | Times Staff and Wire Reports
Investors Get a Taste of Deli Stock: Investors were hungry enough to bid up the stock price of Jerry's Famous Deli Inc. on its first day of trading. The Studio City-based restaurant company opened at $7 a share, above its offering price of $6, and closed at $7.50 on Nasdaq. Isaac Starkman, chief executive of Jerry's, and his wife, Carolyn, took in about $2.8 million from sales of their own stock through the offering.
BUSINESS
October 13, 2001 | A Times Staff Writer
Studio City-based restaurant operator Jerry's Famous Deli said it filed to deregister its common stock and will cease filing financial statements with securities regulators. Jerry's shares were delisted from the Nasdaq SmallCap market this week for failing to meet certain Nasdaq standards. The company said its move to deregister the shares will mean they will no longer trade on the electronic Bulletin Board, though they may still trade over the counter among brokerages.
BUSINESS
November 19, 1996
Jerry's Famous Deli Inc. posted a big drop in earnings in its third quarter despite a 59% jump in revenues because of its expansion program. In the period that ended Sept. 30, the restaurant chain posted net income of $9,000 compared to a $291,000 profit a year ago. Revenues in the quarter were $10.9 million, compared to $6.9 million last year. The Studio City-based concern owns eight restaurants in California and one in Miami.
BUSINESS
August 20, 1996
Jerry's Famous Deli Inc. suffered a 54% drop in net income in its second quarter, despite a 17% rise in revenues. The Studio City-based operator of eight restaurants in Southern California posted a $90,800 profit in the quarter that ended June 30, compared to a $243,000 profit a year earlier. Revenues in the latest quarter rose to $8 million, up from $6.8 million in the same period a year ago.
BUSINESS
January 19, 2001
* Jerry's Famous Deli Inc. has promoted Guy Starkman, vice president of operations, to president of the Studio City-based restaurant operator. Financier Kenneth Abdalla had been acting as interim president in charge of acquisitions. Abdalla will remain on the company's board. The company said an independent committee of the board has been given authority to review any merger proposals or other offers. Last year, a major Jerry's shareholder proposed taking the company public.
BUSINESS
August 29, 2000 | Bloomberg News
A Jerry's Famous Deli Inc. (DELI) shareholder group led by Mitchell Equity Investments, which wants the restaurant company to go private, raised its stake to almost 20%, according to a regulatory filing. Mitchell Equity, a Los Angeles-based investment partnership controlled by Jonathan Mitchell and Joseph Mitchell, bought more than 300,000 shares for $4.50 apiece in private transactions Aug. 22 and Aug. 25, according to a filing with the Securities and Exchange Commission.
CALIFORNIA | LOCAL
August 8, 2000
Jerry's Famous Deli Inc. of Studio City reported net income of $80,000 for the second quarter ended June 30, compared with a loss of $133,000 for the second quarter of 1999. Revenue dipped slightly to $16.3 million from $16.8 million. Jerry's operates 10 restaurants in Southern California and Florida, and a market in Florida.
CALIFORNIA | LOCAL
March 7, 2000
Jerry's Famous Deli Inc., Studio City, announced it has met conditions required by Nasdaq and will continue to be listed on the Nasdaq Small Cap Market. The company's stock symbol will return to DELI from DELDC. The company said it will report its 1999 earnings shortly but warned that continued listing of its stock cannot be assured. Jerry's Famous Deli Inc. operates a chain of restaurants.
CALIFORNIA | LOCAL
February 8, 2000
Jerry's Famous Deli Inc., Studio City, said it has filed a request with Nasdaq to remain listed until Jerry's can complete a 1-for-3 reverse stock split, the company said. Nasdaq requires that a stock price exceed $1 to be listed on the SmallCap Market. Nasdaq has given the company until Feb. 15 to meet this requirement. The company operates Jerry's Famous Deli restaurants.
CALIFORNIA | LOCAL
August 16, 1997 | JOHN CANALIS
Jerry's Famous Deli, an institution in Los Angeles-area dining with a 700-item menu, will open its first Orange County location Monday near South Coast Plaza with a benefit for Children's Hospital Foundation. More than 1,000 guests from Orange County government, businesses and charities will attend the invitation-only dinner from 5 to 10 p.m. The restaurant will open to the public Tuesday. The 9,400-square-foot eatery sports a New York theme.
BUSINESS
April 2, 1996
Jerry's Famous Deli Inc., a Studio City restaurant company, said its profit for the year that ended Dec. 31 was $782,000, down 14% from $913,000 in 1994. Revenues for the year were $28.03 million, down slightly from $23.7 million the previous year. The company completed its first public offering in October, selling 2.1 million shares of common stock worth about $9.2 million. Jerry's Famous Deli operates five restaurants, including one just opened in Pasadena.
BUSINESS
May 14, 1996
Jerry's Famous Deli Inc., a Studio City restaurant operator, has tentatively agreed to acquire two Solley's Delicatessen restaurants in Woodland Hills and Sherman Oaks. Terms of the proposed transaction were not disclosed. Jerry's said the two restaurants have combined annual revenues of about $7.5 million.
BUSINESS
November 19, 1996
Jerry's Famous Deli Inc. posted a big drop in earnings in its third quarter despite a 59% jump in revenues because of its expansion program. In the period that ended Sept. 30, the restaurant chain posted net income of $9,000 compared to a $291,000 profit a year ago. Revenues in the quarter were $10.9 million, compared to $6.9 million last year. The Studio City-based concern owns eight restaurants in California and one in Miami.
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