Famous Dave's Enters Development Agreements for Eight New Restaurants

Minneapolis,  FAMOUS DAVE'S OF AMERICA, INC. (NASDAQ:DAVE) President and CEO David Goronkin announced today that the company has entered into development agreements to franchise eight new Famous Dave's Legendary Pit Bar-B-Que. restaurants in Florida and West Virginia.

JP's Bar-B-Que, LLC, has purchased the right to franchise five Famous Dave's restaurants in Charlotte, Collier and Lee Counties in Southwest Florida, and the restaurants are expected to open over the next five years.  REX Inc. has purchased the right to franchise three Famous Dave's restaurants in West Virginia, and the restaurants are expected to open over the next four years.
Currently, there are no Famous Dave's restaurants in Florida or West Virginia.

JP's Bar-B-Que is owned by Jim Gyarmathy and is based in Fort Myers, Florida.  Mr. Gyarmathy's family has been active in the hospitality industry since 1947.
Through his company Gyarmathy & Associates, Inc., Mr.
Gyarmathy currently owns 11 Kentucky Fried Chicken franchises in Southwest Florida and has previously franchised Wendy's in Southwest Florida and T.G.I.
Friday's in Louisiana.

REX Inc. is owned by Forrest Rex Donahue and Barbara Donahue and is based in Barboursville, West Virginia.
Rex Donahue and family members own and operate Billy Bob's Super Wonderland, a 30,000 square-foot food and entertainment center in Barboursville, West Virgina. 
Mr. Donahue also has previously franchised Western Steer restaurants as well as Fuddruckers.
 
Famous Dave's looks forward to bringing the best barbeque in America to Florida and West Virginia,said David Goronkin, President and CEO of Famous Dave's.  The newest members of the Famous Dave's team have enjoyed great success in the restaurant industry, Jim Gyarmathy in Southwest Florida and Rex and Barbara Donahue in West Virginia.  They possess incredible knowledge of these exciting new markets for Famous Dave's as the brand continues to expand and build.

Famous Dave's Bar-B-Que features hickory-smoked St.
Louis-style ribs, Texas Beef Brisket, and Famous Dave's award-winning Rich & Sassy. BBQ sauce.

 Additionally, the menu offers barbeque and country roasted chicken, BBQ sandwiches, burgers and salads.
Plus, the restaurant serves up such down home classics as made-from-scratch coleslaw, potato salad, Wilbur Beans, corn bread muffins and Famous Fries.
Famous Dave's delectable homemade desserts include its award-winning bread pudding and hot fudge Kahlua brownie.

Having won awards for everything from best sauce to best ribs to best cookbook, Famous Dave's has received wide acclaim and praise from customers and critics alike.  Famous Dave's Rib Team regularly competes in rib competitions across the country, and has raked in 1st place awards at the Southern Florida Championship Cook Off in Jupiter, Florida, the Great American Rib Cook-off in Ohio, the Sioux Empire Rib-fest in Sioux Falls, South Dakota, the Rib Fest & More in Fargo, North Dakota, the Pontiac Rib America Rib Fest in Pontiac, Michigan, the Twin Cities Rockin' Rib Fest in Minneapolis, Minnesota and the Rib America Indianapolis Rib Fest in Indianapolis, Indiana to name just a few.

About Famous Dave's.Famous Dave's of America, Inc.
(NASDAQ:DAVE) develops, owns, operates and franchises barbeque restaurants.
The company currently owns 38 locations and franchises 71 additional units in 25 states and has signed development agreements for an additional 171 franchised locations.  Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items and sandwiches, and unique desserts.  For more information, Certain matters discussed within this press release, including timing of the transactions, restaurant openings and expansion plans, may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 

All though Famous Dave's of America, Inc. believes the expectation 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 Daves 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.

Source:Famous Dave's

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