Famous Dave's Enters Development Agreement for Five New Restaurants in Missouri
MINNEAPOLIS--(BUSINESS WIRE)--Sept. 25, 2006--FAMOUS DAVE'S OF AMERICA, INC. (NASDAQ:DAVE) President and CEO David Goronkin announced today that current franchisee Barbecue Ventures, LLC, has purchased the right to franchise five new Famous Dave's Legendary Pit Bar-B-Que(R) restaurants in St. Louis and Springfield, Missouri.
Barbecue Ventures, LLC, is owned and operated by William "Willy" Theisen. Mr. Theisen, the retired founder of Godfather's Pizza, currently owns and operates three Famous Dave's restaurants in the Omaha, Nebraska area, one location in Council Bluffs, Iowa, one location in Branson, Missouri, and one location in Kansas City, Kansas. With the new agreement, Barbecue Ventures, LLC, is committed to develop a total of nine new restaurants in portions of Kansas and Missouri.
"When our current franchisees sign on for additional territories, it's one of the highest compliments that can be paid to the Famous Dave's brand," said David Goronkin, President and CEO of Famous Dave's. "Willy Theisen is one of the greats in the restaurant industry, and to have him on our team and increasing his stake in Famous Dave's future is very gratifying."
Famous Dave's Bar-B-Que features hickory-smoked St. Louis-style ribs, Texas Beef Brisket, and Famous Dave's award-winning Rich & Sassy(R) BBQ sauce. 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 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 40 locations and franchises 98 additional units in 34 states and has signed development agreements for an additional 171 franchised locations. 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) 782-8305.
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 expectation 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, 612-782-8305 firstname.lastname@example.org SOURCE: Famous Dave's of America, Inc.