Six of these restaurants are located in Michigan with the remaining threein Florida. "Over the last two years our Company has experienced dramatic growth increasingfrom $3.4 million in 2007 to $11.6 million in 2008," stated T. Michael Ansley,President and CEO of Diversified Restaurant Holdings, Inc. (Stock Symbol DFRH)."With this acquisition scheduled for August 1, 2010, we will acquire ninerestaurants whose combined sales in 2008 were over $25 million. If theacquisition is completed, our Buffalo Wild Wings wholly-owned restaurants willhave expanded from 2 in 2007 to 19 in 2010." About the CompanyDiversified Restaurant Holdings, Inc.
is a restaurant management company,handling the operations of 15 Buffalo Wild Wings restaurants; five in Floridaand 10 in Michigan. Previously, the company has received franchise awards forthe Highest Annual Restaurant Sales and operates four out of the top 25franchise restaurants in sales volume in the Buffalo Wild Wings system. Thecompany also owns and operates its own restaurant concept, Bagger Dave`sLegendary Burgers and Fries, which falls within the fast-casual dining segment.Currently there are two locations in the State of Michigan About Bagger Dave`sDiversified Restaurant Holdings, Inc. launched Bagger Dave`s in January 2008with the first location in Berkley, MI and the second in August 2008 in AnnArbor, MI. The menu features freshly made burgers (never frozen) accompanied bymore than 30 toppings to add-on, fresh-cut fries, and hand-dipped milkshakes.Signature items include Sloppy Dave`s BBQ, Train Wreck Burger, and Bagger Dave`sAmazingly Delicious Turkey Black Bean Chili. The concept focuses on local flairwith the interior showcasing historic photos of the city in which it resides.There`s also an electric train that runs above the dining room and bar areas.All current and future locations will be smoke-free. Buffalo Wild WingsBuffalo Wild Wings, Inc., founded in 1982 and headquartered in Minneapolis,Minnesota, is an established and growing owner, operator, and franchisor.
Thewidespread appeal of the Buffalo Wild Wings concept establishes its restaurantsas an inviting, neighborhood destination with more than 579 restaurants in 40states. Safe Harbor StatementIn addition to historical information, this press release may contain statementsthat constitute forward-looking statements within the meaning of the SecuritiesAct of 1933 and the Securities Exchange Act of 1934, as amended by the PrivateSecurities Litigation Reform Act of 1995. Forward-looking statements containedin this press release include the intent, belief, or expectations of the Companyand members of its management team with respect to the Company`s future businessoperations and the assumptions upon which such statements are based. Prospectiveinvestors are cautioned that any such forward-looking statements are notguarantees of future performance, and involve risks and uncertainties, and thatactual results may differ materially from those contemplated by suchforward-looking statements.