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                                                                    EXHIBIT 99.1
                                                                                

                                                            NEWS RELEASE

FOR:           CKE Restaurants, Inc.

CONTACT:       Loren Pannier
               714.778.7109


          CKE RESTAURANTS, INC. ANNOUNCES ESTIMATED YEAR-END REVENUES
         AND AGREEMENT TO SELL JB'S RESTAURANTS TO GB FOODS CORPORATION

        ANAHEIM, Calif. - February 20, 1998 - In conjunction with its annual
analyst/investor conference in Indian Wells, Calif., CKE Restaurants, Inc.
(NYSE:CKR) ("CKE") today announced estimated corporate revenues of $1.150
billion for the fiscal year ending January 26, 1998, up $536 million, an 87
percent increase over the prior fiscal year.
        Additionally, same-store sales for the Company's Carl's Jr. restaurants
grew an estimated 6.7 percent in the fourth quarter -- the eleventh consecutive
quarterly increase -- and an estimated 4.8 percent for the fiscal year.
Estimated same-store sales for the Company's Taco Bueno restaurants increased
6.6 percent in the fourth quarter and an estimated 6.3 percent for the fiscal
year. Estimated same-store sales for the Company's Hardee's restaurants declined
9.3 percent for the quarter, much of which can be attributed to menu deletions
made during the quarter. CKE acquired the Hardee's chain in July 1997.
        Final year-end financial results are scheduled for announcement the week
of March 16, 1998.
        CKE further announced today that it has entered into an Agreement and
Plan of Reorganization with GB Foods Corporation ("GBFC"), pursuant to which
GBFC will acquire 100 percent of the issued and outstanding capital stock of
JB's Restaurants, Inc. ("JB's"), a wholly owned subsidiary of CKE.
        Under the Agreement, which was executed on February 19, 1998, GBFC shall
acquire JB's for one million shares of GBFC Common Stock. GBFC and CKE
anticipate that the
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acquisition will close on or before March 1, 1998. At the closing, the business
of JB's will be composed of 48 JB's company-owned restaurants, 20 JB's franchise
restaurants, and four Galaxy diner restaurants. Such restaurants generated
approximately $44.3 million in revenues during the 13 periods ended January 26,
1998.
        GBFC's acquisition of JB's is subject to certain conditions, including
the satisfactory completion of GBFC's due diligence investigation of JB's; the
issuance of fairness opinions; and approvals from the respective boards of
directors of GBFC and CKE.
        William P. Foley II, chief executive officer of CKE, stated, "This
transaction, along with the previously announced agreements to sell JB's
restaurants to Star Buffet, Inc. and Timber Lodge Steakhouse, Inc., completes
CKE's plan to find a more suitable owner for JB's, while preserving the strength
of the core JB's system."
        CKE Restaurants, Inc., through its subsidiaries and its franchisees and
licensees, operates 708 Carl's Jr. and 26 Rally's quick-service restaurants,
including 120 Carl's Jr./Green Burrito dual-brand locations, primarily located
in California, Nevada, Oregon, Arizona and Mexico; 3,038 Hardee's quick-service
restaurants in 39 states and 10 foreign countries, including 77 Carl's
Jr./Hardee's dual-brand locations; 109 Taco Bueno quick-service restaurants, 94
JB's Restaurants, and six Galaxy Diner restaurants.
        Statements that are not historical facts contains in the release are
forward-looking statements that involve risks and uncertainties, and the actual
results could vary materially from the descriptions contained herein due to many
factors, including, but not limited to, product demand and market acceptance
risks; the effect of economic conditions; the impact of competitive products and
pricing; the results of financial efforts; the effects of the Company's
accounting policies and other risks detailed in the Company's filings with the
Securities and Exchange Commission.

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