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The Chefs' Warehouse Inc (NASDAQ:CHEF), Up By 5.06% ($0.83) After BUYINS.NET SqueezeTrigger Report Released on Wednesday, Octob

^{Published on 2012-10-18 07:41:32 - WOPRAI}
 

October 18, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, released a report on Wednesday, October 17th 2012 at 07:16:00 PDT stating that The Chefs' Warehouse Inc (NASDAQ:CHEF) was expected to be Up After it crossed above its SqueezeTrigger Price of 16.31 on Wednesday, October 17th 2012. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=chef&id=320359

From August 2009 to September 2012, an aggregate amount of 6603048 shares of CHEF have been shorted for a total dollar value of $105648768. The CHEF SqueezeTrigger price of $16.31 is the volume weighted average price that all shorts are short in shares of CHEF. There is still approximately $11,320,573 of potential short covering in shares of CHEF.

SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com .

The Chefs' Warehouse Inc (NASDAQ:CHEF) - Chefs International, Inc. operates nine restaurants on a year-round basis. Seven of the restaurants are free-standing seafood restaurants in New Jersey (four) and Florida (three); one of which is a free-standing Mexican theme restaurant located in Freehold, New Jersey, and one of which is a free-standing restaurant also located in Freehold, New Jersey featuring an eclectic American food menu. Five of the seafood restaurants are operated under the name Jack Baker's Lobster Shanty, one under the name Baker's Wharfside and one under the name Mr. Manatee's Casual Grille. The Mexican theme restaurant is operated under the name Escondido's Mexican Restaurant. The American food restaurant is operated under the name Moore's Tavern and Restaurant.

On April 18, 2005, the Company announced that at a Special Meeting of its Stockholders held on that date, an Agreement and Plan of Merger between the Company and Lombardi Restaurant Group, Inc. (referred to as Acquisition Co.) pursuant to which Acquisition Co. would be merged into the Company. The proposed Merger is designed to convert Chefs from a publicly owned to a privately owned corporation. It is contemplated that the Merger will be effected in May 2005. Although the required stockholder vote has been obtained, the Merger will not be completed unless all of the remaining closing conditions are satisfied so there can be no assurance that the Merger will occur. During the fiscal year ended January 31, 2004 (fiscal 2004), management decided to sell the Company's Jensen Beach, Florida Lobster Shanty restaurant due to declining sales and a lack of profitability.

Seafood Restaurants

The Company's seafood restaurants provide a variety of seafood dishes, including shellfish, such as lobster, scallops, shrimp, oysters and clams, and other fish, including red snapper, bluefish, grouper and other varieties. A limited selection of non-seafood entrees is also offered, including steak and chicken, as well as a dessert selection. Most of the Company's seafood restaurants have a nautical decor.

The Jack Baker's Lobster Shanty Restaurant in Vero Beach, Florida consists of approximately 6,900 square feet, is free standing in Vero Beach, Florida on the intracoastal waterway, and seats approximately 200.

The Jack Baker's Lobster Shanty Restaurant in Pt. Pleasant Beach in New Jersey consists of approximately 17,000 square feet, is free standing with a waterfront location on Channel Drive in Pt. Pleasant Beach, New Jersey and seats approximately 750. It shares parking with the Baker's Wharfside restaurant in Pt. Pleasant Beach with space for approximately 250 automobiles. The Company has commenced renovations to this restaurant that will take place in fiscal 2005 and 2006.

The Jack Baker's Lobster Shanty Restaurant in Toms River, New Jersey consists of approximately 10,750 square feet, is free standing on Robbins Parkway with a waterfront location on the Toms River in Toms River, New Jersey and seats approximately 375. Municipal parking facilities are available nearby.

The Jack Baker's Lobster Shanty Restaurant in Cocoa Beach, Florida is an approximately 240-seat restaurant, consisting of approximately 9,600 square feet, and is located in a free standing building on Highway A1A in Cocoa Beach and has parking for approximately 90 cars.

The Jack Baker's Lobster Shanty Restaurant in Hightstown, New Jersey, consists of approximately 4,600 square feet, and is free standing on State Highway 33 approximately two miles east of Hightstown and seats approximately 175. The restaurant has parking for approximately 100 automobiles.

The Bakers Wharfside Restaurant in Pt. Pleasant, New Jersey consists of approximately 7,500 square feet, is free standing with a waterfront location on Channel Drive in Pt. Pleasant Beach, New Jersey and seats approximately 500. It shares parking with the Lobster Shanty restaurant in Pt. Pleasant Beach with space for approximately 250 automobiles.

The Mr. Manatee's Casual Grille Restaurant in Vero Beach, Florida consists of approximately 4,000 square feet, .

The SqueezeTrigger database of approximately 1 billion short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like SqueezeTrigger.com to access the data. Total Short Interest is the number of shares shorted but not yet covered, and is different from total short volume. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com

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Contact: BUYINS.NET Thomas Ronk 800-715-9999 tom@buyins.net http://www.buyins.net