Good Times Announces the Hiring of Industry Veterans to Help Grow Bad Daddy’s Burger Bar

  Good Times Announces the Hiring of Industry Veterans to Help Grow Bad
  Daddy’s Burger Bar

Business Wire

GOLDEN, Colo. -- April 24, 2013

Good Times Restaurants Inc. (NASDAQ: GTIM) today announced that it has hired
Scott Somes to be Chief Operating Officer of Bad Daddy’s Franchise Development
LLC, the franchisor of Bad Daddy’s Burger Bar restaurants which is 48% owned
by the Company, and Mike Maloney to be Director of Operations for Bad Daddy’s
Colorado, a wholly owned subsidiary of the Company.

Scott Somes is the former Chief Operating Officer of Lone Star Steakhouse,
having grown it from inception to over 250 restaurants and former Regional
Vice President for Pizza Hut-Coulter Enterprises. Mike Maloney has operated
his own restaurant in Lexington, Kentucky and has served in executive and
operational positions with Jimmy John’s Gourmet Subs, Paragon Steakhouse
Restaurants and Lone Star Steakhouse. Both Somes and Maloney worked with
Dennis Thompson, the founder of Lone Star and one of the founders of Bad
Daddy’s, while rapidly growing the Lone Star Steakhouse chain.

“We are thrilled to have Scott and Mike on board to help us grow Bad Daddy’s
Burger Bar,” said Boyd Hoback, President & CEO of Good Times. “They both bring
a wealth of experience in developing a top notch management team, rapidly
growing a system of full service restaurants and they have a prior
relationship of mutual respect with Dennis Thompson, one of the co-founders of
Bad Daddy’s. In our role managing Bad Daddy’s Franchise Development LLC we
will be able to leverage our operating systems and processes and our existing
overhead infrastructure while having Scott and Mike lead the development of a
new operations team for Bad Daddy’s franchise growth and our development in
Colorado.”

On April 15, 2013, the Company announced it has entered into a series of
agreements to develop Bad Daddy’s Burger Bar restaurants through a
wholly-owned subsidiary, its 48% ownership of Bad Daddy’s Franchise
Development LLC and certain other rights. Hoback added, “Frank Scibelli is the
other co-founder of Bad Daddy’s and has created a vibrant concept with
innovative and outstanding food. We plan to partner with him and his team’s
creativity and culinary talent utilizing Scott & Mike to drive great execution
and profitability as we develop a platform for franchise growth.”

Bad Daddy’s Burger Bar is a full service, upscale, “small box” restaurant
featuring a chef driven menu of gourmet burgers, chopped salads, appetizers
and sandwiches with a full bar and a focus on a selection of craft microbrew
beers in a high energy atmosphere. There are four restaurants open in North
Carolina and a fifth in the Charlotte airport operated by HMS Host. There are
three additional restaurants in development.

Good Times is a regional chain of quick service restaurants located primarily
in Colorado providing a menu of high quality all natural hamburgers, 100% all
natural tenderloin chicken sandwiches, fresh frozen custard, fresh cut fries,
fresh lemonades and other unique offerings. Good Times currently operates and
franchises 39 restaurants.

This press release contains forward looking statements within the meaning of
federal securities laws. The words “intend,” “may,” “believe,” “will,”
“should,” “anticipate,” “expect,” “seek” and similar expressions are intended
to identify forward looking statements. These statements involve known and
unknown risks, which may cause Good Times’ actual results to differ materially
from results expressed or implied by the forward looking statements. These
risks include such factors as the uncertain nature of current restaurant
development plans and the ability to implement those plans, delays in
developing and opening new restaurants because of weather, local permitting or
other reasons, increased competition, cost increases or shortages in raw food
products, and other matters discussed under the “Risk Factors” section of Good
Times’ Annual Report on Form 10-K for the fiscal year ended September 30, 2012
filed with the SEC. Although Good Times may from time to time voluntarily
update its forward looking statements, it disclaims any commitment to do so
except as required by securities laws.

Contact:

Good Times Restaurants Inc.
Investor Relations:
Boyd E. Hoback, 303-384-1411
President and CEO
or
Christi Pennington, 303-384-1440
Executive Assistant
 
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