NEW YORK, New York -- December 31, 2009 -- Ark Restaurants Corp. today reported financial results for the fourth quarter and full year ended October 3, 2009.
As of December 30, 2009, the Company had cash, cash equivalents and short term investments totaling $7,891,000. The Company had no long-term debt other than $477,000 remaining on a five year purchase money obligation undertaken in connection with the Company’s January 8, 2007 acquisition of the Durgin Park Restaurant and the Black Horse Tavern in Boston, Massachusetts.
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