Diversified Restaurant Holdings, Inc. Opens Eleventh Bagger Dave's Legendary
Burger Tavern(R) in Holland, Michigan
SOUTHFIELD, Mich., Oct. 29, 2012 (GLOBE NEWSWIRE) -- Diversified Restaurant
Holdings, Inc. (OTCQB:DFRH) ("DRH" or the "Company"), the owner, operator, and
franchisor of the unique, full-service, ultra-casual restaurant and bar Bagger
Dave's Legendary Burger Tavern^® ("Bagger Dave's") and a leading franchisee
for Buffalo Wild Wings^® ("BWW"), announced that it officially opened its
eleventh Bagger Dave's location at 3333 W. Shore Drive in Holland, Michigan on
Sunday, October 28, 2012.
T. Michael Ansley, President and CEO of Diversified Restaurant Holdings, Inc.,
commented, "The success and growing momentum behind our brand is a true
testament of the Bagger Dave's concept and all that we have done to position
ourselves atop the ultra-casual, better-burger dining segment. We've
accomplished considerable growth so far this year, and are track to continue
our expansion throughout Michigan and the Midwest."
About Diversified Restaurant Holdings
Diversified Restaurant Holdings, Inc. ("DRH" or the "Company") is the owner,
operator, and franchisor of the unique, full-service, ultra-casual restaurant
concept, Bagger Dave's Legendary Burger Tavern^® ("Bagger Dave's") and is a
leading Buffalo Wild Wings^® ("BWW") franchisee. Between the two concepts,
the Company currently operates 41 restaurants in Michigan, Florida, Illinois
and Indiana with an additional Bagger Dave's and two BWW restaurants scheduled
to be opened by year end 2012. The Company routinely posts news and other
important information on its website at www.diversifiedrestaurantholdings.com.
Bagger Dave's offers a full-service, family-friendly restaurant and bar with a
casual, comfortable atmosphere. The menu features freshly-made burgers (never
frozen), accompanied by more than 30 toppings from which to choose, fresh-cut
fries, hand-dipped milkshakes, and a selection of craft beer and wine.
Signature items include Sloppy Dave's BBQ^®, Train Wreck Burger^®, and Bagger
Dave's Amazingly Delicious Turkey Black Bean Chili^®. The Bagger Dave's
concept emphasizes local flair by showcasing historical photos of the city in
which each restaurant resides and features an electric train that runs above
the dining room and bar areas.Currently, there are ten corporate-owned
locations in the state of Michigan and one franchised location in
Missouri.The Company has an executed area development agreement to franchise
five additional Bagger Dave's in five states outside of Michigan.DRH is
approved to franchise Bagger Dave's in the states of Illinois, Indiana,
Kentucky, Michigan, Missouri, Ohio, and Wisconsin. For more information,
DRH operates 31 BWW restaurants: 14 in Michigan, nine in Florida, four in
Illinois and four in Indiana. The Company has opened 17 new BWW restaurants
in fulfillment of its 32-store Area Development Agreement ("ADA") with
franchisor Buffalo Wild Wings, Inc. (Nasdaq:BWLD). The remaining 15
restaurants under the ADA agreement, along with an additional franchise
agreement in Indiana, suggest that the Company will operate 47 BWW's by 2017.
Safe Harbor Regarding Forward Looking Statements
The information made available in this news release contains forward-looking
statements which reflect DRH's current view of future events, results of
operations, cash flows, performance, business prospects and opportunities.
Wherever used, the words "anticipate," "believe," "expect," "intend," "plan,"
"project," "will continue," "will likely result," "may," and similar
expressions identify forward-looking statements as such term is defined in the
Securities Exchange Act of 1934. Any such forward-looking statements are
subject to risks and uncertainties and the Company's actual growth, results of
operations, financial condition, cash flows, performance, business prospects
and opportunities could differ materially from historical results or current
expectations. Some of these risks include, without limitation, the impact of
economic and industry conditions, competition, food and drug safety issues,
store expansion and remodeling, labor relations issues, costs of providing
employee benefits, regulatory matters, legal and administrative proceedings,
information technology, security, severe weather, natural disasters,
accounting matters, other risk factors relating to our business or industry
and other risks detailed from time to time in the Securities and Exchange
Commission filings of DRH. Forward-looking statements contained herein speak
only as of the date made and, thus, DRH undertakes no obligation to update or
publicly announce the revision of any of the forward-looking statements
contained herein to reflect new information, future events, developments or
changed circumstances or for any other reason.
CONTACT: Investor Contact:
Deborah K. Pawlowski
Kei Advisors LLC
Phone: 716.843.3908/ 716.843.3874
Chief Financial Officer
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