Buffets, Inc. Selects Restaurant Industry Pro Anthony Wedo as Chief Executive Officer

Buffets, Inc. Selects Restaurant Industry Pro Anthony Wedo as Chief Executive

Accelerating Turnaround, Leading Team Success

PR Newswire

GREER, S.C., Dec. 5, 2012

GREER, S.C., Dec.5, 2012 /PRNewswire/ --Buffets, Inc., the nation's largest
owner and operator of buffet-style family restaurants, today announced the
appointment of seasoned restaurant executive, entrepreneur and turnaround
specialist Anthony Wedo to the position of Chief Executive Officer. With more
than twenty-five years of restaurant industry experience, including a key
leadership position with a Fortune 50 brand, Wedo has developed and led the
turnaround of major restaurant chains throughout the U.S. His brand
experience includes PepsiCo Restaurants, KFC, Boston Market, Noah's and
Manhattan Bagels, and Einstein Bros. Bagels and most recently as CEO of a firm
specializing in consulting private equity and professional debt investors in
the restaurant industry.

(Photo: http://photos.prnewswire.com/prnh/20121205/FL24632 )

"Tony has demonstrated consistent success in a variety of settings ranging
from growth concepts to brand turnarounds. He has a proven track record in
revitalizing brands. His unique background makes him the perfect leader for
Buffets," said Rob Webster, Chairman of the Board of Buffets, Inc.

"I believe I'm joining Buffets and this team at the perfect moment," Wedo
said. "The balance sheet is fixed and the company generates significant cash
flow which will enable us to focus on growing the brand and transforming it
into something better than it has ever been. We will be fast tracking the
'Plan to Win' initiatives that members of this team and the Board of Directors
have worked so hard to develop, and we are going to execute it successfully."

Wedo began his career as an entrepreneur prior to joining PepsiCo as part of a
new breed of young, entrepreneurial restaurant operators to help the corporate
giant create a culture of nimbleness. As one of the first participants in
PepsiCo's Senior Operations Designate program, Wedo was fast tracked and
quickly grew to Vice President and General Manager of the Southeast Division
of KFC, overseeing more than 1,200 restaurants, 7,000 employees and $1 billion
in revenue.

Following his success at PepsiCo, Wedo founded Mid-Atlantic Restaurant
Systems, the largest Area Developer and franchisee of Boston Market. As
Chairman, President and CEO, he grew the company over a four-year period to
160 restaurants, generating in excess of $250 million in annualized sales. He
was named Entrepreneur of the Year and chosen a top 50 Employer in

Following the acquisition of Mid-Atlantic Restaurant Systems by Boston Market,
Wedo held the position of Chairman, President and CEO of New World Restaurant
Group. New World, with approximately 1,000 units and $750 million in system
revenues, operated six unique brands, including Einstein Bros., Noah's and
Manhattan Bagel.

Most recently, Wedo has served as CEO of Mainline Capital Advisors, LLC, which
provided M&A, turnaround management, advisory and executive management
consulting services to debt investors and private equity sponsors in the
restaurant industry.

"Tony is clearly the right person to take the leadership of Buffets,
accelerate the transformation of our family buffet restaurants and position
our company for a new era of profitable growth and success," Webster added.

About Buffets, Inc.
Buffets, Inc., the nation's largest steak-buffet restaurant company, currently
operates 347 restaurants in 35 states, comprised of 337 steak-buffet
restaurants and 10 Tahoe Joe's Famous Steakhouse restaurants. The restaurants
are principally operated under the Old Country Buffet, HomeTown Buffet, Ryan's
and Fire Mountain brands. Buffets employs approximately 18,000 team members
and serves approximately 100 million customers annually. For more
information, visitwww.Buffet.com.

SOURCE Buffets, Inc.

Website: http://www.Buffet.com
Contact: Kim Miller, Ink Link Marketing, +1-305-333-2809
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