The Spectra Group of Great Restaurants Inc.
TSX : SPA
TSX : SPA.A

The Spectra Group of Great Restaurants Inc.

December 12, 2006 13:57 ET

The Spectra Group of Great Restaurants Completes the Sale of the Bread Garden and Creekside Businesses

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 12, 2006) - The Board of Directors of the Spectra Group of Great Restaurants Inc. (Spectra) (TSX:SPA)(TSX:SPA.A) announces that it has completed the transaction with Premium Brands Income Fund whereby it has sold its Bread Garden and Creekside Businesses for proceeds of $4,000,000.

Spectra will continue to review its continuing businesses with a view to enhancing shareholder value.

The Spectra Group of Great Restaurants Inc. is a multi-concept restaurant company currently operating in British Columbia. Headquartered in Vancouver, Spectra has a system total of 10 restaurants including the Fresh Grill, The Boathouse, Red Door, Kingston Taphouse & Grille and under license from Brinker International, Romano's Macaroni Grill.

Spectra's shares trade on the Toronto Stock Exchange under the symbol's "SPA" and "SPA.A".

ON BEHALF OF THE BOARD OF DIRECTORS:

PETER J. BONNER, Chief Executive Officer


The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.

Contact Information

  • The Spectra Group of Great Restaurants Inc.
    Richard C. Benmore
    Chief Financial Officer
    (604) 714-6500
    (604) 714-6540 (FAX)
    or
    The Spectra Group of Great Restaurants Inc.
    General Investor Information
    (604) 714-6584