FOXX Fox & Hound Restaurant Grp. (MM)

F&H Acquisition Corp. Now Plans to Commence Cash Tender Offer on or Before December 30, 2005 DALLAS, Dec. 22 /PRNewswire/ -- F&H Acquisition Corp., an entity owned by Newcastle Partners, L.P. and Steel Partners II, L.P., today announced that it has deferred the date it intends to commence the $14.50 per share cash tender offer to acquire all of the outstanding shares of common stock of Fox & Hound Restaurant Group (NASDAQ:FOXX) not already owned by it and now intends to commence the cash tender offer on or before December 30, 2005. The deferral is being made in light of the previous announcement on December 19, 2005 by F&H Acquisition Corp. that it has signed and delivered in escrow a fully- negotiated definitive tender offer/merger agreement (the "Merger Agreement") and the announcement on December 20, 2005 by Fox & Hound that the $14.50 per share offer of F&H Acquisition Corp. is a superior offer to the existing $14.00 per share offer of Levine Leichtman Capital Partners. F&H Acquisition Corp. had previously announced on December 12, 2005 its intention to commence the cash tender offer on or before December 23, 2005. The Merger Agreement is being held in escrow pursuant to a letter agreement (the "Escrow Letter") with Fox & Hound. Pursuant to the Escrow Letter, Fox & Hound has agreed to execute and deliver the Merger Agreement before January 6, 2006, unless prior to such time Fox & Hound's Board of Directors has determined that the proposal contemplated by the Merger Agreement no longer constitutes a superior offer or Fox & Hound gives notice to F&H Acquisition Corp. that Fox & Hound is unable to make the representations and warranties or perform its obligations under the Merger Agreement. THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND THE OFFER TO BUY FOX & HOUND'S COMMON STOCK WILL ONLY BE MADE PURSUANT TO AN OFFER TO PURCHASE AND RELATED MATERIALS THAT F&H ACQUISITION CORP. INTENDS TO FILE ON OR BEFORE DECEMBER 30, 2005. STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. STOCKHOLDERS WILL BE ABLE TO OBTAIN THE OFFER TO PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER FREE AT THE SEC'S WEBSITE AT WWW.SEC.GOV OR FROM F&H ACQUISITION CORP. BY CONTACTING MACKENZIE PARTNERS, INC. TOLL-FREE AT 1-800-322-2885 OR COLLECT AT 1-212-929-5500 OR VIA EMAIL AT . CONTACT: Jeanne M. Carr 212-929-5916 (office) 917-648-4478 (cell) Daniel H. Burch 212-929-5748 (office) 516-429-2722 (cell) MacKenzie Partners, Inc. DATASOURCE: F&H Acquisition Corp. CONTACT: Jeanne M. Carr, +1-212-929-5916, +1-917-648-4478 - cell, or Daniel H. Burch, +1-212-929-5748, +1-516-429-2722 - cell, both of MacKenzie Partners, Inc. for F&H Acquisition Corp.

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