CORRECTING and REPLACING Ignite Restaurant Group Announces Preliminary Fourth Quarter 2012 Revenues

  CORRECTING and REPLACING Ignite Restaurant Group Announces Preliminary
  Fourth Quarter 2012 Revenues

  -Ignite to Present at the 15^th Annual ICR XChange Investor Conference on
                              January 16, 2013-

Correction...by Ignite Restaurant Group

Business Wire

HOUSTON -- January 14, 2013

Sixth graph of release should read:As a reminder, the Company continues to
expect the non-recurring fourth quarter impact from restatement costs and debt
amortization write-off associated with its debt refinancing to be in the $3.1
million to $3.3 million range (sted $4.2 million to $4.5 million range). The
company recognized approximately $1.0 million debt write-off and restatement
related costs in the third quarter of 2012.

The corrected release reads:

  IGNITE RESTAURANT GROUP ANNOUNCES PRELIMINARY FOURTH QUARTER 2012 REVENUES

  -Ignite to Present at the 15^th Annual ICR XChange Investor Conference on
                              January 16, 2013-

Ignite Restaurant Group (NASDAQ: IRG) today announced  preliminary, unaudited
sales results for the fourth quarter and full year ended December 31, 2012.

For the fourth quarter of 2012, the Company estimated total revenues to be
$112.5 million, an increase of approximately 11% compared to revenues of
$101.4 million in the fourth quarter of 2011. Fourth quarter 2012 revenues
were negatively impacted by approximately $1.0 million, or 0.9%, as a result
of lost operating days due to Hurricane Sandy. Comparable restaurant sales
increased 0.8% during the fourth quarter, excluding a 0.1% impact from
Hurricane Sandy, marking the Company’s 18^th consecutive quarter of comparable
restaurant sales growth.

Ray Blanchette, President and CEO of Ignite Restaurant Group, stated, “We
delivered our 18^th straight quarter of comparable restaurant sales growth
against a challenging external environment and a strong year-ago comparison.
The initiatives that we put in place during the quarter, including increased
media and the launch of our winter menu featuring new and innovative offerings
were instrumental in driving sales. We continue to be pleased with the
performance of our new unit openings and are confident in our ability to
further expand our brands.”

For the full year 2012, the Company estimated total revenues increased
approximately 15% to $465.0 million compared to $405.2 million in 2011 and
comparable restaurant sales increased 2.2%. Final financial results for the
fourth quarter and full fiscal year 2012 are currently expected to be released
in early March 2013 after the completion of the Company’s annual independent
audit.

The Company successfully opened one Joe’s Crab Shack during the fourth quarter
and 11 for the full fiscal year. In 2013, the Company plans to open as many as
16 new restaurants.

As a reminder, the Company continues to expect the non-recurring fourth
quarter impact from restatement costs and debt amortization write-off
associated with its debt refinancing to be in the $3.1 million to $3.3 million
range

The company will present at the 15th Annual ICR XChange Investor Conference on
Wednesday, January 16, 2013 at The Fontainebleau Miami Beach Hotel in Florida.
The presentation will begin at 8:25 a.m. Eastern Time and will be webcast live
and archived on the Ignite website. To access the presentation, please visit
www.igniterestaurants.com under the tab "Investor Relations" or directly
through the ICR XChange website at www.icrxchange.com.

About Ignite Restaurant Group

Ignite Restaurant Group, Inc. owns and operates 129 Joe's Crab Shacks and 15
Brick House Tavern + Taps. Each brand offers a variety of high-quality,
chef-inspired food and beverages in a distinctive, casual, high-energy
atmosphere. Joe's Crab Shack and Brick House Tavern + Tap operate in a diverse
set of markets across the United States.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of
the federal securities laws. Forward-looking statements are subject to known
and unknown risks and uncertainties, many of which may be beyond the Company’s
control. The Company cautions you that the forward-looking information
presented in this press release is not a guarantee of future events, and that
actual events and results may differ materially from those made in or
suggested by the forward-looking information contained in this press release.
In addition, forward-looking statements generally can be identified by the use
of forward-looking terminology such as “may,” “plan,” “seek,” “comfortable
with,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or
“continue” or the negative thereof or variations thereon or similar
terminology. Examples of forward-looking statements in this press release
include our estimated results for the fourth quarter of 2012 and the full year
2012, our expected timing for releasing our fourth quarter and full year 2012
financial results, and our planned new restaurant openings in 2013.

A number of important factors could cause actual events and results to differ
materially from those contained in or implied by the forward-looking
statements included in this press release, including the risk factors
discussed in the Company’s Registration Statement on FormS-1/A, filed on
May8, 2012 with the Securities and Exchange Commission (SEC), as supplemented
by the risk factors included in the Company’s Quarterly Report on Form 10-Q
for the twelve and twenty-four weeks ended June18, 2012 (which can both be
found at the SEC’s website www.sec.gov) and each such risk factor is
specifically incorporated into this press release. Any forward-looking
information presented herein is made only as of the date of this press
release, and the Company does not undertake any obligation to update or revise
any forward-looking information to reflect changes in assumptions, the
occurrence of unanticipated events, or otherwise. Further, we have not yet
completed closing procedures for the fourth quarter of 2012 and the full year
2012, and our independent registered public accounting firm has not yet
reviewed or audited the results. Accordingly, these preliminary results are
subject to change pending finalization, and actual results could differ
materially as we finalize such results.

Contact:

ICR
Investor Relations
Fitzhugh Taylor, 203-682-8261
fitzhugh.taylor@icrinc.com
or
Media Relations
Liz Brady DiTrapano, 646-277-1226
liz.brady@icrinc.com
 
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