BJ's Restaurants, Inc. Opens in Tampa, Florida and Columbus, Ohio
March 14 2007 - 1:30PM
Business Wire
BJ's Restaurants, Inc. (NASDAQ:BJRI) today announced the opening of
its two newest BJ�s Restaurant & Brewhouse� locations in
Pinellas Park, Florida (a suburb of Tampa), and Columbus, Ohio on
Tuesday, March 13, 2007. Each restaurant is approximately 8,500
square feet and features our broad array of menu items including
BJ�s signature deep dish pizza, award winning handcrafted beer and
our famous Pizookie� dessert. The Pinellas Park, Florida restaurant
is located at 3800 Park Boulevard near the intersection of State
Highway 694 and U.S. Highway 19 in the Shoppes at Park Place. The
Columbus, Ohio restaurant is located at 1414 Polaris Highway, near
I-71, on a pad in front of Polaris Fashion Place. Both restaurants
have seating for approximately 270 guests with hours of operation
from 11:00 a.m. to 12:00 midnight Sunday through Thursday, and
11:00 a.m. to 1:00 a.m. Friday and Saturday. "We are pleased to
open our first BJ�s in the central Florida and Ohio Valley
markets," commented Jerry Deitchle, President and CEO. "We believe
these new restaurants give us a strong entrance into both the
Midwest and Southeastern regions of the country, and we plan to
open additional restaurants in these regions during the next
several years. With these two new restaurants, BJ�s now operates
from coast to coast.� The Company reiterated its goal to open as
many as 13 new restaurants during 2007, of which two have already
opened, representing a targeted increase in total restaurant
operating weeks of approximately 20% to 25% during the year. All
potential 2007 new openings have been identified and secured with
signed leases, purchase agreements or letters of intent. In
addition, the Company has an additional 11 signed letters of intent
agreements in hand for potential restaurant openings in 2008. BJ's
Restaurants, Inc. currently owns and operates 57 casual dining
restaurants under the BJ's Restaurant and Brewery, BJ's Restaurant
and Brewhouse or BJ's Pizza & Grill brand names. BJ's
restaurants offer an innovative and broad menu featuring
award-winning, signature deep-dish pizza complemented with
generously portioned salads, sandwiches, soups, pastas, entrees and
desserts. Quality, flavor, value, moderate prices and sincere
service remain distinct attributes of the BJ's experience. The
Company operates 12 microbreweries which produce and distribute
BJ's critically acclaimed handcrafted beers throughout the chain.
The Company's restaurants are located in California (35), Texas
(8), Arizona (4), Colorado (3), Oregon (3), Nevada (2), Florida (1)
and Ohio (1). The Company also has a licensing interest in a BJ's
restaurant in Lahaina, Maui. Visit BJ's Restaurants, Inc. on the
web at www.bjsrestaurants.com. Certain statements in the preceding
paragraphs and all other statements that are not purely historical
constitute "forward-looking statements" for purposes of the
Securities Act of 1933 and the Securities and Exchange Act of 1934,
as amended, and are intended to be covered by the safe harbors
created thereby. These forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause
actual results to be materially different from those projected or
anticipated. Factors that might cause such differences include, but
are not limited to: (i) our ability to manage an increasing number
of new restaurant openings, (ii) construction delays, (iii) labor
shortages, (iv) minimum wage increases (v) food quality and health
concerns, (vi) factors that impact California, where 35 of our
current 57 restaurants are located, (vii) restaurant and brewery
industry competition, (viii) impact of certain brewery business
considerations, including without limitation, dependence upon
suppliers and related hazards, (ix) consumer trends, (x) potential
uninsured losses and liabilities, (xi) fluctuating commodity costs
including food and energy, (xii) trademark and servicemark risks,
(xiii) government regulations, (xiv) licensing costs (xv) beer and
liquor regulations, (xvi) loss of key personnel, (xvii) inability
to secure acceptable sites, (xviii) limitations on insurance
coverage, (xix) legal proceedings, (xx) other general economic and
regulatory conditions and requirements, (xxi) and numerous other
matters discussed in the Company's filings with the Securities and
Exchange Commission. BJ's Restaurants, Inc. undertakes no
obligation to update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.
For further information, please contact Greg Levin of BJ's
Restaurants, Inc. (714) 500-2440.
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