Famous Dave's Enters Development Agreement for Nine New Restaurants in Northeastern U.S.
MINNEAPOLIS--(BUSINESS WIRE)--June 6, 2005--FAMOUS DAVE'S OF AMERICA, INC. (NASDAQ:DAVE) President and CEO David Goronkin announced today that New England Barbecue Ventures, LLC, has purchased the right to franchise nine Famous Dave's Legendary Pit Bar-B-Que(R) restaurants in Connecticut (other than Fairfield County), Maine, Western Massachusetts and Vermont. The new Famous Dave's are expected to open over the next six years.
New England Barbecue Ventures is owned by Joe Cloutier and is based in Rockport, Maine. Mr. Cloutier currently owns 15 Denny's restaurants in Maine, Massachusetts and New Hampshire.
"Famous Dave's is very excited to welcome Joe Cloutier to our team," said David Goronkin, President and CEO of Famous Dave's. "Joe has been incredibly successful in operating restaurants in the Northeastern United States, and we look forward to continuing Famous Dave's growth in that part of the country."
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 serves up such down home classics as made-from-scratch coleslaw, potato salad, Wilbur Beans, corn bread muffins and Famous Fries. Famous Dave's delectable homemade 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 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 38 locations and franchises 79 additional units in 29 states and has signed development agreements for an additional 172 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.
Certain matters discussed within this press release, including timing of the transactions, restaurant openings and expansion plans, may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 SOURCE: Famous Dave's of America, Inc.