BJ's Restaurants Announces Departure of Board Members
December 22 2008 - 9:05AM
Business Wire
BJ's Restaurants, Inc. (NASDAQ: BJRI) today announced that
co-founders Paul Motenko and Jerry Hennessy will be stepping down
from the Company�s Board of Directors effective December 30, 2008
to devote their full-time attention to new entrepreneurial
ventures. �We are very supportive of the Company�s leadership and
remain excited about the direction they are taking the BJ�s
concept,� commented Motenko and Hennessy. �While we will no longer
be officially involved with the Company, we intend to remain very
loyal supporters and significant shareholders.� �Paul and Jerry�s
vision, hard work, tenacity, integrity and philanthropy have
inspired all of us that have followed in their footsteps at BJ�s,�
commented Jerry Deitchle, Chairman and CEO. �Their body of work
over the past 17 years has also provided a solid foundation for
BJ�s continued expansion across the country. Our entire Board and
our leadership team extend our most sincere thanks to Paul and
Jerry for their many years of dedicated service to BJ�s, and we
wish them success in their next venture.� BJ's Restaurants, Inc.
currently owns and operates 82 casual dining restaurants under the
BJ's Restaurant & Brewery, BJ's Restaurant & 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,
appetizers, 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
several microbreweries which produce and distribute BJ's critically
acclaimed handcrafted beers throughout the chain. The Company's
restaurants are located in California (44), Texas (13), Arizona
(5), Colorado (3), Oregon (2), Nevada (2), Florida (4), Ohio (2),
Oklahoma (2), Kentucky (1), Indiana (1), Louisiana (1) and
Washington (2). The Company also has a licensing interest in a BJ's
restaurant in Lahaina, Maui. Visit BJ's Restaurants, Inc. on the
Web at http://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. Such statements include, but are not
limited to, those regarding expected comparable restaurant sales
growth in 2008, those regarding the effect of new sales-building
initiatives, as well as those regarding the number of restaurants
expected to be opened in 2008 and the timing and location of such
openings. 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 44 of our
current 80 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 spending trends in
general for casual dining occasions, (x) potential uninsured losses
and liabilities, (xi) fluctuating commodity costs, the effect of
any resulting menu price increases on our sales, the availability
of food in general and certain raw materials related to the brewing
of our handcrafted beers 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) the success of our key sales-building and related operational
initiatives and (xxii) 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.
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