Famous Dave's Enters Area Development Agreement for Nine Restaurants in Texas and Oklahoma
MINNEAPOLIS--(BUSINESS WIRE)--Sept. 21, 2007--FAMOUS DAVE'S OF AMERICA, INC. (NASDAQ:DAVE) President and CEO David Goronkin announced today that Famous Ventures, LP, has purchased the right to franchise nine Famous Dave's Legendary Pit Bar-B-Que(R) restaurants in Texas and Oklahoma. The markets covered by the agreement include West Texas, Fort Worth, TX, San Antonio, TX, and Lawton, OK.
The parent company to Famous Ventures, Exceptional Brands, LLC, currently owns and operates 11 Buffalo Wild Wings and Taco Bell restaurants throughout Texas and Oklahoma. Exceptional Brands, based in Abilene, Texas, was founded in 1973 and currently employs approximately 500 people in their operations.
"The people of Texas and Oklahoma love great barbeque, and we are very excited to have Famous Ventures expanding the reach of Famous Dave's in these States," said David Goronkin, President and CEO of Famous Dave's.
Michael Burton, President of Exceptional Brands, stated, "We are thrilled about our affiliation with Famous Dave's, the premier barbeque operation in the country, and we look forward to bringing more of America's best barbeque to Texas and Oklahoma."
Famous Dave's Bar-B-Que features award-winning hickory-smoked St. Louis-style spare ribs, Texas beef brisket, Georgia chopped pork and a variety of Famous Dave's regional BBQ sauces. Additionally, the menu offers barbeque and country roasted chicken, BBQ sandwiches, burgers and salads. Plus, the restaurant prepares and serves up such down home classics as coleslaw, potato salad, Wilbur Beans, corn bread muffins and Famous Fries. Famous Dave's delectable homestyle desserts include its award-winning bread pudding and hot fudge Kahlua brownie.
Having won over 200 awards for everything from best sauce to best ribs to best cookbook, Famous Dave's has received wide acclaim and praise from customers and critics alike. Famous Dave's Rib Team regularly competes in rib competitions across the country, and has raked in 1st place awards at the Best in the West Nugget Rib Cook-Off in Sparks, Nevada, the Southern Florida Championship Cook Off in Jupiter, Florida, the Great American Rib Cook-off in Ohio, the Sioux Empire Rib-fest in Sioux Falls, South Dakota, the Rib Fest & More in Fargo, North Dakota, the Pontiac Rib America Rib Fest in Pontiac, Michigan, the Twin Cities Rockin' Rib Fest in Minneapolis, Minnesota and the Rib America Indianapolis Rib Fest in Indianapolis, Indiana to name just a few.
About Famous Dave's. Famous Dave's of America, Inc. (NASDAQ:DAVE) develops, owns, operates and franchises barbeque restaurants. The company currently owns 41 locations and franchises 113 additional units in 35 states. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items and sandwiches, and unique desserts. For more information, please visit www.famousdaves.com or contact Pat Courtemanche at (612) 746-1776.
Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of our restaurant openings and the timing or success of our expansion plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the company's actual results to differ materially from expected results. Although Famous Dave's of America, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from Famous Dave's expectation include financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the company's SEC reports.
CONTACT: Golden & Associates Pat Courtemanche, 612-746-1776 SOURCE: Famous Dave's of America, Inc.