Famous Dave's Expands Into Hawaii With Area Development Agreement for Three New Locations in the Hawaiian Islands
September 08 2010 - 8:47AM
Famous Dave's of America, Inc. (Nasdaq:DAVE) President and CEO
Christopher O'Donnell announced today that BBQ Restaurants of
Hawaii has purchased the right to franchise three Famous Dave's
Legendary Pit Bar-B-Que® restaurants in the Hawaiian islands. The
markets covered by the agreement include Hawaii, Kauai, Maui, and
Oahu. The first location is anticipated to open by the end of 2010.
BBQ Restaurants of Hawaii is headed up by Ajay Keshap, who is
currently a Denny's franchise owner in Hawaii and California.
"We are thrilled to welcome Ajay Keshap and his team at BBQ
Restaurants of Hawaii to our family of Famous Dave's restaurants.
The hospitality and restaurant expertise of Ajay and his executives
is an ideal fit and they have an in-depth knowledge of the market,
as they currently operate Denny's franchises in both Hawaii and
California," said Christopher O'Donnell, President and CEO of
Famous Dave's. "As Famous Dave's continues to strategically
expand and share award-winning BBQ nationwide, entering the
Hawaiian market has been of great interest to us. The
demographic mix of locals and tourists creates year round demand
for quality restaurants, and the Hawaiian culinary culture of luaus
and pig roasts has a similar flavor profile to the Famous Dave's
Legendary Pit BBQ menu."
Ajay Keshap, owner of BBQ Restaurants of Hawaii said, "Our team
evaluated several different franchise concepts and there was no
question that Famous Dave's was our choice for a partner.
Famous Dave's has earned a reputation as an industry leader,
thanks to a number of factors including phenomenal award-winning
food, an outstanding management team, and an established brand that
has proven to be popular nationwide with consumers. We are excited
to bring Famous Dave's to Hawaii and believe the locals and
tourists alike will embrace this concept."
About Famous Dave's Famous Dave's of America,
Inc. (Nasdaq:DAVE) develops, owns, operates and franchises BBQ
restaurants. The award-winning BBQ restaurants are known for
barbequed and grilled meats, sandwiches, side items, salads and
unique desserts. As of today, the company owns 53 locations and
franchises 125 additional units in 36 states, including Times
Square in New York City. Famous Dave's has won over 400 awards for
everything from best ribs to best BBQ sauce to best cookbook. The
Famous Dave's family also includes a Famous Dave's Rib Team, which
has a stellar track record and has been ranked in first place at
competitions throughout the United States, including the Best in
the West Nugget Rib Cook-Off in Sparks, Nevada; the Great American
Rib Cook-Off in Cleveland, Ohio; the Southern Florida Championship
Cook Off in Jupiter, Florida and many, many more. For more
information, please visit www.famousdaves.com.
The Famous Dave's of America, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7726
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.
Note to Editors: Contact Jean Golden at (612) 385-2324 /
jean@goldenpublicity.com for interviews, photography and other
requests.
CONTACT: Famous Dave's of America
Jean Golden
(612)385-2324
jean@goldenpublicity.com
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