The Company currently owns 18 real estate locations which it is in the process of marketing and selling, including 7 locations that are currently under contract to sell.
About Luby's
Forward Looking Statements
This press release contains statements that are '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. All statements contained in this press release, other than statements of historical fact, are 'forward-looking statements' for purposes of these provisions, including the statements regarding sales of assets, effects of the Company's Liquidation and Dissolution Plan (the 'Plan'), expected value or proceeds attributable to the sale of assets, and expected proceeds to be distributed to stockholders or the timing thereof. Luby's cautions readers that various factors could cause its actual financial and operational results to differ materially from those indicated by forward-looking statements made from time-to-time in news releases, reports, proxy statements, registration statements, and other written communications, as well as oral statements made from time to time by representatives of Luby's. The following
factors, as well as any other cautionary language included in this press release, provide examples of risks,
uncertainties and events that may cause Luby's actual results to differ materially from the expectations Luby's
describes in such forward-looking statements: general business and economic conditions; the effects of the COVID19 pandemic; our operating initiatives; fluctuations in the costs of commodities, including beef, poultry, seafood,
dairy, cheese and produce; increases in utility costs, including the costs of natural gas and other energy supplies;
changes in governmental regulations, including changes in minimum wages; the effects of inflation; unfavorable
publicity relating to operations, including publicity concerning food quality, illness or other health concerns or labor
relations; and other risks and uncertainties disclosed in Luby's annual reports on Form 10- K and quarterly reports
on Form 10-Q, including information regarding the risks, uncertainties and other factors relating to the Plan, the expected net proceeds from the sale of assets, and expected proceeds to be distributed to stockholders.
For additional information contact:
LInvestors@lubys.com
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