Diversified Restaurant Holdings Reports Preliminary Sales Results: Achieved Record Revenue for the Fourth Quarter and Full Year

Diversified Restaurant Holdings Reports Preliminary Sales Results: Achieved
Record Revenue for the Fourth Quarter and Full Year 2012

  *Achieved record fourth quarter and full-year revenue of $26.3 million and
    $77.6 million, respectively, on solid same-store-sales growth and
    successful restaurant expansion
  *Company increased total restaurant count by 61% to 45 locations in 2012;
    Expects to open 11 to 13 additional locations in 2013

SOUTHFIELD, Mich., Feb. 12, 2013 (GLOBE NEWSWIRE) -- Diversified Restaurant
Holdings, Inc. (OTCQB:DFRH) ("DRH" or the "Company"), the creator, developer
and operator of the unique, full-service, ultra-casual restaurant and bar
Bagger Dave's Legendary Burger Tavern^® ("Bagger Dave's") and one of the
largest franchisees for Buffalo Wild Wings^® ("BWW"), announced preliminary
sales results for the fourth quarter and year ended December 30, 2012.

Total revenue for the 2012 fourth quarter (a 14-week period) increased nearly
64% to approximately $26.3 million from $16.0 million in the fourth quarter of
2011 (a 13-week period). For the full year 2012 (a 53-week period), the
Company estimates total revenue increased approximately 28.0% to $77.6 million
compared with $60.7 million in 2011 (a 52-week period).At the end of 2012,
the Company had 45 restaurants operating, comprised of 12 Bagger Dave's and 33
BWW, an increase of 61% from 28 restaurants at the end of 2011.Excluding the
additional week, same-store-sales were up 9.2% and 7.6% for the fourth quarter
and fiscal year 2012, respectively. 

"We accomplished a great deal in 2012.In addition to achieving record sales
performance, we added 17 restaurants to our portfolio through organic
expansion, acquisitions, and franchising. We continued to strengthen the
brand recognition of Bagger Dave's by opening six new restaurants, including
one franchise, and we augmented our team to enable continued growth,"
commented T. Michael Ansley, President and CEO of DRH.

"Through our acquisition of nine Buffalo Wild Wings' franchised restaurants,
we expanded our geographic footprint into the Indiana and Illinois markets and
consequently established our first Bagger Dave's in the Indianapolis
market.We believe our differentiated concepts and the brand affinity shown by
our customers have made these results possible."

The increase in the number of restaurants was the result of two expansion
programs.The Company opened nine restaurants, six Bagger Dave's and three
BWW, during 2012 which included the late fourth quarter opening of the largest
BWW, by square footage, in Downtown Detroit, Michigan.The first franchised
Bagger Dave's was also opened in Missouri in June 2012.Additionally, the
Company acquired eight BWW restaurants with four operating in Illinois and
four in Indiana.The acquisition included the right to develop a fifth Indiana
BWW restaurant location, which the Company intends to open by the end of 2013.

In 2013, the Company plans to open 11 to 13 additional restaurants which will
be comprised mostly of Bagger Dave's.Over the next five years, in total, the
Company expects to open 35 to 45 new Bagger Dave's and 14 new Buffalo Wild
Wings.

Preliminary results remain subject to the completion of normal year-end
accounting procedures and are subject to change. The Company expects to
release financial and operating results for its fourth quarter and year ended
December 30, 2012 in mid-March.

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 one of
the largest Buffalo Wild Wings^® ("BWW") franchisees.Between the two
concepts, the Company currently operates 44 corporate-owned restaurants in
Michigan, Florida, Illinois, and Indiana, and one franchised Bagger Dave's in
Missouri, for a total of 45 restaurants.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, along with
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 11 corporate-owned
locations and one franchised location.For more information, visit
www.baggerdaves.com.

DRH operates 33 BWW restaurants: 15 in Michigan, 10 in Florida, four in
Illinois and four in Indiana.The Company has opened 19 new BWW restaurants in
fulfillment of its 32-restaurant Area Development Agreement ("ADA") with
franchisor Buffalo Wild Wings, Inc. (Nasdaq:BWLD).The remaining 13
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 Statement

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,
restaurant 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: For more information contact:
         Investor Contact:
         Deborah K. Pawlowski
         Kei Advisors LLC
         Phone: 716.843.3908
         Email: dpawlowski@keiadvisors.com
        
         Company Contact:
         David Burke
         Chief Financial Officer
         Phone: 248.223.9160
 
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