Creative Eateries Corp. Acquires Q's House of Barbecue

SCOTTSDALE, Ariz., -- Creative Eateries Corp. (CEAT) announced today its acquisition of Restaurant Companies International (RCI) for 30,802,367 shares of the corporation's restricted common stock. RCI is the managing member and majority owner of Q's Franchise Co., LLC, who DBAs as "Q's House of Barbecue." In addition to the acquisition, Frank Holdraker, president of RCI, was appointed president of Creative Eateries and to the board of directors.

(BUSINESS WIRE) Creative Eateries will assume the business plan of RCI, which is a franchise development company organized to capitalize on the new, growing demand for "fast-casual/full-service" restaurants in North America. The company is poised to take advantage of this new phenomenon by targeting emerging and undervalued restaurant/franchise concepts and owning equity directly in these brands. Creative Eateries intends to grow these brands through expanding corporate growth and franchising by leveraging its skilled team of restaurant and franchise development professionals, deep operational expertise and a database of potential franchisees.

The first, of many to come, franchise concept for Creative Eateries is Q's House of Barbecue. Q's House of Barbecue restaurants feature a specialized menu including appetizers, slow-smoked ribs, pulled pork, chicken wings, seafood, beef brisket and other barbecue favorites, soups, salads and desserts in a casual, sophisticated, upscale setting, as well as catering for on-premises and carry-out consumption, utilizing certain distinguishing characteristics including distinctive exterior and interior design, decor, color scheme and furnishings; uniform standards, specifications and procedures for operations; quality and uniformity of products and services offered; procedures for management and inventory control; training and assistance; and advertising and promotional programs and other products prepared with our recipes, procedures, and techniques from a location within a designated territory under the name Q's House of Barbecue.

Frank Holdraker was president/owner of Franklin & Associates from 1989-2004, a full-service concept development company. He helped develop for La Salsa, Fresh Mexican Grill, their franchise program, the manufacture of proprietary products and the establishment of purchasing and distribution procedures. From 1986-1989 Holdraker was president and CEO of Ponderosa Inc., a 750-unit steakhouse chain. From 1980-1986 he was senior vice president of Coulter Enterprise, a major multistate Pizza Hut franchisee. Prior to that he was vice president of Pizza Hut from 1974-1980.

"This is a great time for Creative Eateries and its shareholders," Holdraker stated. He continued by saying, "All of us at Creative Eateries are very excited about the team we have assembled and the restaurant concepts under development. We anticipate the first Q's House of Barbecue to open in the coming year with many more openings to follow and over a hundred franchises sold in the year following."

Creative Eateries is listed on the Nasdaq Electronic Bulletin Board under the trading symbol CEAT.

Look for our Web site at www.creativeeateries.com.

For further investment information, please call Gary Reid at 866-475-7539.

Special Note Regarding Forward-Looking Statements

Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties, such as our success in acquiring new concepts, funding these acquisitions, and successfully adapting and franchising these concepts, could cause the company's actual results in the future materially to differ from the forward-looking statements.

SOURCE: Creative Eateries Corp.

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