Beautifully engraved certificate from the Wall Street Deli
. This historic document was printed by the Southern Banknote Company and has an
ornate border around it with a vignette of downtown Manhattan. This item has the printed signatures of the Company’s President ( Alan Kaufman ) and Secretary.
Wall Street Deli, Inc.. The Company owns and operates a chain of quick service, delicates sen-style restaurants located in fourteen cities throughout The United States. The Company's store consists of deli sandwich station, a soup express and a salad bar. The majority of 97 company-owned stores are located in large suburban and downtown office buildings. The Company also has 19 franchised locations.
News on October 2, 2001
Wall Street Deli files for Chapter 11.
Troubled sandwich maker Wall Street Deli Inc. (http://www.wallstreetdeli.com) has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, citing already poor sales that were additionally impacted by the Sept. 11 terrorist attacks.
The attacks forced the closure of nearly all Wall Street Deli restaurants in the Washington, D.C. area and in high-rise office buildings across the country that day. Approximately 35 percent of the Birmingham-based company's restaurants are located in Washington, including one in Reagan National Airport that remains closed.
Wall Street Deli closed several of its restaurants in fiscal 2001 and sold two others. The company also was in negotiations to sell or franchise up to 30 additional restaurants. It currently operates 55 restaurants and franchises 29 others in 10 markets.
Shares of Wall Street Deli dropped 32 percent to close at 17 cents on the Over The Counter Bulletin Board, setting a new 52-week low. The company moved to the OTCBB after it was delisted from the Nasdaq on Jan. 24.
The company says it intends to maintain a profitable core of restaurants in the Southeast. Despite its name, Wall Street Deli has never owned or operated a restaurant in the state of New York.