Exhibit 99.3
N E W S B U L L E T I N
FROM:
The Financial Relations Board
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B S M G W O R L D W I D E
[LOGO] Sizzler(R)
RE: SIZZLER INTERNATIONAL, INC.
6101 W. Centinela Ave., Suite 200
Culver City, CA 90230
(310) 568-0135
NYSE: SZ
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AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD:
Charles Boppell Kim Forster Haris Tajyar Tricia Ross
President and CEO Vice President, Planning General Information Investor Contact
(310) 568-0135 (310) 568-0135 (310) 442-0599 (310) 442-0599
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FOR IMMEDIATE RELEASE
Thursday, August 30, 2001
SIZZLER CHANGES NAME TO WORLDWIDE RESTAURANT CONCEPTS, INC.
Name Change Reflects Company's Position as a Multi-National and Multi-Concept
Company
CULVER CITY, CA--August 30, 2001--Sizzler International, Inc. (NYSE: SZ)
announced yesterday at its annual shareholders' meeting that the company will
change its name to Worldwide Restaurant Concepts, Inc., effective Tuesday,
September 4. The company's ticker symbol on the New York Stock Exchange will
remain "SZ". With the company's Sizzler(R) operations in the U.S. and Asia,
KFC(R) restaurants in Australia, and Pat & Oscar's(SM) in California and
Arizona, the new name more accurately reflects the company's international
presence and position as a multi-national, multi-concept restaurant company.
"We are pleased with the success of our re-imaging program for U.S. Sizzler(R)
restaurants and with the continued growth of our international Sizzler(R)
operations. However, the addition last year of Pat & Oscar's(SM) restaurants as
a division of the company and our continuing strong Australian KFC(R)
operations, take us well beyond the Sizzler name and operations," said Charles
Boppell, President and CEO of Sizzler International. "We are continuing to make
significant gains with our business strategy and believe the change to Worldwide
Restaurant Concepts truly captures the brand and geographic diversity of the
company," concluded Mr. Boppell.
-more-
Financial Relations Board, Inc. serves as financial relations counsel to this
company is acting on the company's behalf in issuing this bulletin and receiving
compensation therefor. The information contained herein is furnished for
information purposes only and it is not to be construed as an offer to buy or
sell securities.
Sizzler International, Inc.
Page 6 of 6
Business Overview
Following is an overview of the three concepts that make up Worldwide Restaurant
Concepts, Inc.:
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Brand Restaurants Locations
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Sizzler(R) 97 company owned 17 states, 2 U.S. territories, and 9
247 franchise countries
KFC(R) 105 company owned Australia, principally Queensland
Pat & Oscar's(SM) 11 company owned Southern California and Phoenix, AZ
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To the extent that certain statements contained in this document may be deemed
under federal securities laws to be forward-looking statements, Sizzler intends
that they be subject to the safe-harbor applicable to forward-looking statements
under such laws.