<PAGE>   1





                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 10-Q

(Mark One)

[X]      QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         For the quarterly period ended December 31, 1999

                                       OR

[ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

         For the transition period from __________ to __________

                       Commission File Number - 000-27015


                           CHICKEN KITCHEN CORPORATION
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                 Florida                                  59-3283225
      -------------------------------           ------------------------------
      (State or other jurisdiction of                   (IRS Employer
      incorporation or organization)                 Identification No.)



                         5415 Collins Avenue, Suite 305
                           Miami Beach, Florida 33140
--------------------------------------------------------------------------------
          (Address of principal executive offices, including zip code)


                                 (305) 867-4433
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                  YES [X] NO [ ]


  Number of shares of common stock, $.01 par value per share, outstanding as of
                          February 15, 2000: 12,756,904





<PAGE>   2

                              Chicken Kitchen Corp.
                                      Index

<TABLE>
<CAPTION>
                                                                             Page
<S>                                                                           <C>

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements


Condensed Balance Sheet at December 31, 1999 and March 31, 1999                4

Condensed Statements of Operations for the three months
 and nine months ended December 31, 1999 and 1998                              5

Condensed Statement of Cash Flows for the nine months ended
 December 31, 1999 and 1998                                                    6

Notes to Condensed Consolidated Financial Statements                           7



Item 2.  Management's Discussion and Analysis of Financial Condition and
         Results of Operations                                                10




</TABLE>



                                       2
<PAGE>   3









                           CHICKEN KITCHEN CORPORATION

                      CONDENSED FINANCIAL STATEMENTS AS OF
                                DECEMBER 31, 1999










                                       3
<PAGE>   4


                           CHICKEN KITCHEN CORPORATION
                            CONDENSED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                                  December 31,        March 31,
                                                                                      1999              1999
                                                                                  -----------       -----------
                                                                                  (Unaudited)     As restated see
                                                                                                       Note 2
<S>                                                                               <C>               <C>
                                      ASSETS

CURRENT ASSETS:
  Cash and cash equivalents                                                       $    93,219       $   183,430
  Marketable securities                                                                    --           150,775
  Other current assets                                                                133,268           140,874
                                                                                  -----------       -----------
     Total Current Assets                                                             226,487           475,079
                                                                                  -----------       -----------

ADVANCES TO AFFILIATE, non-interest bearing with no
  fixed maturity date                                                                 240,400            22,040

PROPERTY AND EQUIPMENT, net                                                           712,813           781,998

INTANGIBLE ASSETS, net                                                              1,590,632         1,769,272

OTHER ASSETS                                                                           78,236            64,746
                                                                                  -----------       -----------
         Total Assets                                                             $ 2,848,568       $ 3,113,135
                                                                                  ===========       ===========

                       LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                                                                $   421,581       $   345,892
  Accrued expenses                                                                    438,376           379,840
  Note payable                                                                        116,903           103,403
                                                                                  -----------       -----------
     Total Current Liabilities                                                        976,860           829,135
                                                                                  -----------       -----------

COMMITMENTS AND CONTINGENCIES                                                              --                --

STOCKHOLDERS'  EQUITY:
  Series A, convertible preferred stock, $0.0005 par value; 1,000,000 shares
     authorized; 3,880 and 3,905 shares issued and outstanding, respectively                2                 2
  Common stock Class A, $0.0005 par value; 50,000,000 shares authorized;
     11,907,954 and 11,857,954 issued; and 11,807,954 and 11,737,954
     outstanding, respectively (Note 5)                                                 5,905             5,880
  Common stock Class B, $0.0005 par value; 15,000,000 shares authorized;
     1,018,950 issued and outstanding, respectively                                       509               509
  Additional paid-in capital                                                        5,406,552         5,406,577
  Accumulated deficit                                                              (3,541,260)       (3,118,796)
  Treasury shares, at cost                                                                 --           (10,172)
                                                                                  -----------       -----------
     Total Stockholders' Equity                                                     1,871,708         2,284,000
                                                                                  -----------       -----------
         Total Liabilities and Stockholders' Equity                               $ 2,848,568       $ 3,113,135
                                                                                  ===========       ===========


</TABLE>

         The accompanying notes to condensed financial statements are an
                       integral part of these statements.



                                       4
<PAGE>   5


                           CHICKEN KITCHEN CORPORATION
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                    For the Three                         For the Nine
                                                                     Months Ended                         Months Ended
                                                                      December 31,                        December 31,
                                                           -------------------------------       -------------------------------
                                                                1999              1998               1999               1998
                                                           ------------       ------------       ------------       ------------
<S>                                                        <C>                <C>                <C>                <C>
FOOD AND BEVERAGE SALES, net                               $  1,931,737       $  1,757,961       $  5,748,936       $  4,782,740

OPERATING EXPENSES:
  Cost of sales                                                 770,272            716,637          2,313,975          2,083,402
  Labor and employee benefits                                   487,181            819,494          1,607,925          1,830,014
  Direct operating expenses                                     333,782            232,130            958,287            589,355
  Consulting fees                                                15,825             15,909             52,786             60,000
  Administrative and general                                    219,065             78,904            952,429            525,278
  Depreciation and amortization                                  96,646             97,162            295,305            278,886
                                                           ------------       ------------       ------------       ------------
     Total operating expenses                                 1,922,771          1,960,236          6,180,707          5,366,935
                                                           ------------       ------------       ------------       ------------

     Income (loss) from operations                                8,966           (202,275)          (431,771)          (584,195)
                                                           ------------       ------------       ------------       ------------

OTHER INCOME (EXPENSE):
  Net realized and unrealized gains (losses) on sales
     of marketable securities                                    (3,442)                --              3,633                 --
  Other, net                                                     13,391             62,144              6,251             55,884
                                                           ------------       ------------       ------------       ------------
     Total other expenses, net                                    9,949             62,144              9,884             55,884
                                                           ------------       ------------       ------------       ------------

     Income (loss) before income taxes                           18,915           (140,131)          (421,887)          (528,311)
                                                           ------------       ------------       ------------       ------------

INCOME TAXES                                                         --                 --                 --                 --
                                                           ------------       ------------       ------------       ------------

     Net income (loss)                                           18,915           (140,131)          (421,887)          (528,311)

PRO RATA PORTION OF PREFERRED DIVIDENDS
                                                                (77,600)           (76,100)          (232,800)          (234,300)
                                                           ------------       ------------       ------------       ------------

     Net loss applicable to common stockholders            $    (58,685)      $   (216,231)      $   (654,687)      $   (762,611)
                                                           ============       ============       ============       ============

Weighted Average Common Shares Outstanding                   12,826,904         12,250,905         12,816,355         11,943,926
                                                           ============       ============       ============       ============

Net Loss Per Common Share (Note 3)                         $      (0.00)      $      (0.02)      $      (0.05)      $      (0.06)
                                                           ============       ============       ============       ============

</TABLE>







         The accompanying notes to condensed financial statements are an
                       integral part of these statements.



                                       5
<PAGE>   6


                           CHICKEN KITCHEN CORPORATION
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                   For the Nine Months Ended
                                                                                         December 31,
                                                                                   -------------------------
                                                                                      1999           1998
                                                                                   ---------       ---------
<S>                                                                                <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                                         $(421,887)      $(528,311)
  Adjustments to reconcile net loss to net cash used in operating activities:
       Depreciation and amortization                                                 295,305         278,886
       Issuance of common stock for services                                              --          12,390
       Gain on sale of marketable securities                                          (3,633)             --
       Changes in operating assets and liabilities:
           Other current assets                                                        7,606        (135,712)
           Advances to affiliate                                                    (218,360)             --
           Other assets                                                              (13,490)          4,234
           Accounts payable and accrued expenses                                     134,225         288,195
                                                                                   ---------       ---------
     Net cash used in operating activities                                          (220,234)        (80,318)
                                                                                   ---------       ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of property and equipment                                                 (47,480)       (274,340)
  Sale of marketable securities                                                      154,408           5,507
                                                                                   ---------       ---------
     Net cash provided by (used in) investing activities                             106,928        (268,833)
                                                                                   ---------       ---------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Sale (purchase) of treasury stock                                                    9,595         (10,172)
  Increase in note payable                                                            13,500           2,267
                                                                                   ---------       ---------
     Net cash provided by (used in) financing activities                              23,095          (7,905)
                                                                                   ---------       ---------

DECREASE IN CASH AND CASH EQUIVALENTS                                                (90,211)       (357,056)
                                                                                   ---------       ---------

CASH AND CASH EQUIVALENTS, beginning of period                                       183,430         357,056
                                                                                   ---------       ---------

CASH AND CASH EQUIVALENTS, end of period                                           $  93,219       $      --
                                                                                   =========       =========

NONCASH INVESTING AND FINANCING ACTIVITIES:
  Issuance of common stock for preferred dividend                                  $      --       $ 203,933
                                                                                   =========       =========
  Conversion of preferred stock into common stock                                  $      --       $     262
                                                                                   =========       =========
  Loss on sale of treasury stock                                                   $     577       $      --
                                                                                   =========       =========

SUPPLEMENTAL DISCLOSURES:
  Cash paid for interest expense                                                   $      --       $      --
                                                                                   =========       =========
  Cash paid for income taxes                                                       $      --       $      --
                                                                                   =========       =========





</TABLE>

         The accompanying notes to condensed financial statements are an
                       integral part of these statements.




                                       6
<PAGE>   7

                           CHICKEN KITCHEN CORPORATION
                     NOTES TO CONDENSED FINANCIAL STATEMENTS

1.   NATURE OF OPERATIONS

     The Company was organized under the laws of the State of Florida in
     November 1994 under the name Chicken Acquisition Corp. The Company was a
     wholly-owned subsidiary of Stratcomm Media, Ltd., a Canadian corporation
     and began operations, in November 1995, of a restaurant located in Miami,
     Florida, under the trade name "Chicken Kitchen" pursuant to a licensing
     agreement with Chicken Kitchen Corporation. In December 1996, the Company
     issued 2,409,168 shares of common stock at $0.33 per share ($795,000 in the
     aggregate) in a private placement ("the Offering"). In connection with the
     Offering, the Company acquired all the rights, title and interest in and to
     the name "Chicken Kitchen" and other intangibles. The Company then changed
     its name from Chicken Acquisition Corporation to Chicken Kitchen
     Corporation. As of December 31, 1999 and March 31, 1999, the Company
     operated six and six restaurant locations, respectively.

     During the year ended March 31, 1999, the Company commenced the selling of
     franchise locations. The franchise agreement grants the franchisee a
     non-exclusive license to open and operate a "Chicken Kitchen" restaurant
     for a 20-year period, with one additional 20-year option. The Company
     collects an initial franchise fee of $25,000, royalty fees and a percentage
     of revenues for advertising. At December 31, 1999, eight franchise
     agreements have been signed; although, the restaurants have not yet opened.


2.   BASIS OF PRESENTATION

     BASIS OF PRESENTATION
     The accompanying unaudited condensed consolidated financial statements of
     the Company have been prepared in accordance with generally accepted
     accounting principles for interim financial information and with the
     instructions for Form 10-QSB and Item 310(b) of Regulation S-B. These
     financial statements do not include all information and notes required by
     generally accepted accounting principles for complete financial statements,
     and should be read in conjunction with the audited financial statements and
     notes thereto included in the Company's annual report on Form 10-SB for the
     year ended March 31, 1999. The March 31, 1999 fiscal year end condensed
     balance sheet data was derived from audited financial statements but does
     not include all disclosures required by generally accepted accounting
     principles. The financial information furnished reflects all adjustments,
     consisting only of normal recurring accruals which are, in the opinion of
     management, necessary for a fair presentation of the financial position,
     results of operations and cash flows for the periods presented. The results
     of operations are not necessarily indicative of results of operations,
     which may be achieved in the future.

     RESTATEMENT
     Subsequent to the issuance of the March 31, 1999 financial statements, the
     Company determined that the fair value (ranging from $0.675 to $1.575)
     utilized to record certain of the common shares issued during fiscal 1998,
     for acquisitions and services rendered should have been $0.65 per share
     because of the significant number of shares issued, the trading
     restrictions, and the stock's thin level of trading. As a result, the
     accompanying financial statements present the restated results.



                                       7
<PAGE>   8



3.   LOSS PER SHARE

     Basic loss per common share is computed by dividing net loss attributable
     to common stockholders (net loss plus the pro rata portion of preferred
     dividends) by the weighted average number of shares of common stock
     outstanding during the year. Diluted loss per share, which assumes that the
     convertible preferred stock is converted into Class A voting common stock
     and the stock options to purchase shares of Class A voting common stock are
     exercised, is not presented because the effect would be anti-dilutive for
     both 1999 and 1998. The weighted average shares outstanding used in the
     computation of net loss attributable to common shares are as follows:

<TABLE>
<CAPTION>
                                      WEIGHTED AVERAGE SHARES OUTSTANDING
                                                (Unaudited)

                          For the Three Months Ended       For the Nine Months Ended
                                  December 31,                    December 31,
                          --------------------------      --------------------------
                              1999           1998             1999           1998
                          ----------      ----------      ----------      ----------
<S>                       <C>             <C>             <C>             <C>
Class A common stock      11,807,954      11,231,955      11,797,405      10,998,261
Class B common stock       1,018,950       1,018,950       1,018,950         945,665
                          ----------      ----------      ----------      ----------
                          12,826,904      12,250,905      12,816,355      11,943,926
                          ==========      ==========      ==========      ==========

</TABLE>

4.   STOCKHOLDERS' EQUITY

     In May 1999, 20,000 shares of Class A common stock held in treasury were
     sold resulting in proceeds of $9,595. In accordance with generally accepted
     accounting principles, the loss on the sale of treasury stock was recorded
     directly to Accumulated Deficit. Also, in May 1999, 25 shares of Series A
     preferred stock were converted into 50,000 shares of Class A common stock,
     in accordance with the Second Offering.


5.   COMMITMENTS AND CONTINGENCIES

     LEASED PREMISES LITIGATION
     The Company is currently a defendant in a lawsuit, filed by the lessor of a
     restaurant site, for eviction, based on alleged non-monetary breaches of
     the provisions of the written lease agreement. The Company is vigorously
     defending the lawsuit. The action remains pending, and while the Company is
     confident in its position, an eviction from the premises would have a
     materially adverse effect on the operating cash flow of the Company. As the
     case has not yet been set for trial, legal counsel has advised the Company
     that it is not possible to determine whether, and to what extent if any,
     the Company might suffer adverse judgements. The parties have recently
     begun to discuss a possible settlement of the action.

     GUARANTEE LITIGATION
     A non-interest bearing note payable (with an imputed principal balance and
     accrued interest of $116,903 and $103,403 at December 31, 1999 and March
     31, 1999, respectively) made in connection with the acquisition of
     restaurant assets and a location is collateralized by 100,000 issued shares
     of the Company's restricted Class A common stock held in escrow. The note
     was due in February 1999 and has not yet been repaid by the Company. The
     Company gave notice of its intention to satisfy the note with the escrowed
     stock. The holder of the note declined to accept the stock as payment and
     has brought a lawsuit for eviction, based on a cross-default provision in
     the promissory note and lease. As the lawsuit is in the discovery stage,
     legal counsel had advised the Company that it is not possible



                                       8
<PAGE>   9

     to determine whether, and to what extent if any, the Company might suffer
     adverse judgement. The Company is vigorously defending the action.


6.   SUBSEQUENT EVENT

     PREFERRED SHAREHOLDER LITIGATION
     In October 1999, the Company agreed in principle to settle a lawsuit for
     alleged breaches of a subscription agreement to convert preferred shares
     into common stock, brought by Preferred Shareholders who purchased
     $4,000,000 of Series A Convertible Preferred Stock (4,000 shares) in
     November 1997 with all but one of the Series A Preferred Stockholders. The
     proposed settlement would require the Company to convert the settling
     preferred stockholders' preferred stock into restricted Class A common
     stock at an exchange rate of $0.30 per share. No dividends will be due or
     paid on the exchanged preferred stock. The effect on the financial
     statements will approximate the following:

<TABLE>
<CAPTION>
                                                  Preferred Stock              Class A Common Stock        Additional
                                             -----------------------       --------------------------       Paid In
                                             Shares         Amount           Shares          Amount         Capital
                                             ------       ----------       ----------      ----------      ----------
<S>                                          <C>          <C>              <C>             <C>             <C>
     Shares to be (redeemed) issued          (3,510)             $(2)      13,806,000        $6,903           $(6,901)

</TABLE>

     If certain events of default occur, as defined in the proposed settlement,
     the Company would be obligated to deliver a note to the holders of the
     Series A preferred stock (who will then only own common stock) in exchange
     for the return of their restricted Class A common stock to the Company,
     along with documents supporting the sale of any of the exchanged common
     stock. The Company has made a non-refundable $50,000 payment to the
     Preferred Shareholders, and has placed an additional $50,000 into an escrow
     account pending the closing of the Agreement.

     The removal of the Company as a security trading on the OTCBB for a period
     exceeding 120 consecutive days constitutes an event of default. The Company
     was de-listed on October 21, 1999; therefore, the Company is required to
     regain listing by February 18, 2000 in order to avoid being in default. If
     the Company is unable to achieve re-listing by February 18, 2000, the
     amount of the note issued to the former preferred shareholders would
     approximate $5,600,000. The note would be due on the later of 60 days from
     the event of default or the return of all shares held by the former
     preferred shareholders. Management is presently exploring alternatives to
     cure the event of default or obtain sources of additional financing. There
     can be no assurance that the Company will regain listing by February 18,
     2000, or that the event of default can be cured. Furthermore, there can be
     no assurance that the Company will be able to obtain new financing. Under
     these circumstances, the Company's ability to continue as a going concern
     depends upon the successful resolution of these matters. Accordingly, the
     accompanying financial statements do not include any adjustments that might
     result from the outcome of this significant uncertainty.

     OTHER LITIGATION
     The Company is also currently a defendant in a lawsuit filed during October
     1999 by a former supplier of its chicken products for non-payments. As the
     lawsuit is in the discovery stage, legal counsel had advised the Company
     that it is not possible to determine whether, and to what extent if any,
     the Company might suffer adverse judgements. The Company is vigorously
     defending the action and has asserted counter claims.




                                       9
<PAGE>   10



                      MANAGEMENT'S DISCUSSION AND ANALYSIS

                THREE MONTHS ENDED DECEMBER 31, 1999 COMPARED TO
                      THREE MONTHS ENDED DECEMBER 31, 1998

     This Form 10-Q contains various "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. Forward-looking
statements represent the Company's expectations or belief concerning future
events, including the following: any statements regarding future sales or
expenses, any statements regarding the continuation of historical trends, and
any statements regarding the sufficiency of the Company's working capital and
cash generated from operating and financing activities for the Company's future
liquidity and capital resources needs. Without limiting the foregoing, the words
"believes," "anticipates," "plans," "expects," and similar expressions are
intended to identify forward-looking statements. The Company cautions that those
statements are further qualified by important economic and competitive factors
that could cause actual results to differ materially from those in the
forward-looking statements, including, without limitation, risks of the
restaurant industry, including a highly competitive industry and the impact of
changes in consumer tastes, local, regional and national economic conditions,
demographic trends, traffic patterns, employee availability and cost increases.
In addition, the opening and success of new restaurants will depend on various
factors, including the availability of suitable sites for new restaurants, the
negotiation of acceptable lease or purchase terms for new locations, permitting
and regulatory compliance, the ability of the Company to manage the anticipated
expansion and hire and train personnel, the financial viability of the Company's
franchisees, particularly multi-unit operators, and general economic and
business conditions. Accordingly, such forward-looking statements do not purport
to be predictions of future events or circumstances and may not be realized.

     Restaurant sales for the three months ended December 31, 1999 increased by
$173,776 to $1,931737 from $1,757961 in the comparable period for an increase of
9.8%. This was due to same store sales increases.

     Cost of sales decreased as a percentage of sales to 39.81% compared to
40.8% in the comparable quarter of the prior year. This decrease was due to
operational controls and systems that were put in place during the quarter.

     Labor and employee benefits which consists of wages, payroll taxes and
other benefits and insurance costs for restaurant's salaried and hourly
employees decreased 20.6% as a percentage of sales to 25.2% in the 1999 quarter
compared to the prior year's quarter. This decrease was due to operational
controls and systems that were put in place during the quarter.

     Direct operating expenses consist of all restaurant-operating costs other
than cost of sales and payroll expenses and include occupancy costs, utilities
and other direct costs. These expenses increased by 4% to 17.20% of sales from
13.2%. This reflects increased rental costs due to escalation and percentage
rent clauses in existing leases.




                                       10
<PAGE>   11

     Consulting fees decreased $84 to $15825.

     Administrative and general expenses for the 1999 quarter increased by
$140,161 when compared to the comparable 1998 quarter. The increase is primarily
attributable to increases in corporate payroll necessitated by the greater
number of company-owned stores and in the hiring of human resources that will
support our franchising growth. Contributing to the increase were legal and
professional fees. In addition, higher advertising and promotional expenses were
incurred to promote the Chicken Kitchen brand.

     Depreciation and amortization decreased to $96,646 from $97,162.

     The Company realized a net profit of $18,915 during the 1999 quarter
compared to a loss of $140,131 during the comparable quarter. This is the result
of operational efficiencies achieved through the implementation of a series of
operational controls.

        LIQUIDITY AND CAPITAL RESOURCES

     As of December 31, 1999, the Company had cash on hand of $93,219, and other
current assets of $133,268, for total current assets of $226,487. Total current
liabilities are $976,860, and are comprised of $421,581 in accounts payable,
$438,376 in accrued expenses, and $116,903 in a Note Payable. We had no
long-term debt. As of December 31, 1999, we had working capital (deficit) of
($750,373).

     The current payables as of December 31, 1999 include a $116,903 Note
Payable that the Company expects to satisfy by the issuance of the Company's
Common Stock. The holder of the Note is contesting the payment terms of this
Note. Accordingly, the final payment terms are not yet determinable causing the
current payable classification.

     The working capital deficit is primarily the result of result of continuing
losses.

     LOSSES INCURRED IN OPERATIONS / MODIFIED ACCOUNTANTS' REPORT

     With the exception of the current quarter, we have incurred losses from our
operations since inception and we had a working capital deficit of $750,373 at
December 31, 1999. Our independent accountants have modified their report to our
year-end, March 31, 1999, financial statements to reflect doubt as to our
ability to continue as a going concern.

     We currently operate six restaurants and are engaged in franchising
operations. Management believes that cash on hand and cash generated from
operations together with Franchise Fees and Royalty payments will be sufficient
to fund operations. However, no assurance can be given that additional funds
will not be required prior to the expiration of such period or that any funds
which may be required will be available, if at all, on acceptable terms. If
additional funds are required, the inability of the Company to raise such funds
will have an adverse effect upon its




                                       11
<PAGE>   12

operations. To the extent that additional funds are obtained by the sale of
equity securities, the stockholders may sustain significant dilution. If
adequate capital is not available, the Company will have to reduce or eliminate
its planned expansion activities, which could otherwise ultimately provide
significant revenue to the Company.

     We have no arrangements or understandings with respect to additional
financings, and any expansion of the Company's restaurants could require that
the Company's raise additional funds. In addition, expansion of the Company's
restaurant and franchising expectations may require additional capital. There
can be no assurance that the Company will be able to continue to expand or to
obtain sufficient capital in the future, nor the terms on which capital may be
obtained. The Company has no lines of credit available to it at this time.

     Y2K RISK

     We have reviewed the computers and software used in our business and have
determined that they are not affected by the Year 2000 Computer Problem. Our
major suppliers have assured us that our supplies will not be interrupted due to
the year 2000 Computer Problem. We did not experience any disruption through the
date of this filing.







                                       12
<PAGE>   13



                                   SIGNATURES


Pursuant to the requirements of the Securities Act of 1934, the Company has
caused the undersigned, duly authorized, to sign this report on behalf of the
Company.

                                          CHICKEN KITCHEN CORPORATION


                                          By: /s/ Christian de Berdouare
                                             --------------------------------
                                             Christian de Berdouare, President
                                             and Chief Executive Officer



Date: February 15, 2000




                                       13