WICHITA, Kan., April 5, 2002 (PRIMEZONE) -- The Company (Nasdaq:STAR) today confirmed that the unnamed prominent buyout firm with which it entered into a non-binding Letter of Intent is Bruckmann, Rosser, Sherrill & Co ("BRS"). The Company also confirmed that its Chief Executive Officer Jamie B. Coulter will not participate in the buyout. Hal Rosser, Managing Director of BRS stated, "We would have liked to work with Mr. Coulter. He is a talented manager who built a great company, but his intentions are to pursue other interests. If we reach a definitive agreement, and the transaction is approved by the Board of Directors and Lone Star's stockholders, Mr. Coulter has offered his support to us in a transitional role only for up to 90 days after the close of the transaction."
This press release contains certain 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 including those related to future operations, future results and a potential transaction resulting in a change of control of the Company. Although the Company believes the assumptions underlying the forward-looking statements contained herein, including the development plans of the Company, are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the press release will prove to be accurate. -0-