Così, Inc : Così, Inc. Announces Reverse Stock Split

             Così, Inc : Così, Inc. Announces Reverse Stock Split

William E. Koziel
Chief Financial Officer
(847) 597-8803


                   Così, Inc. Announces Reverse Stock Split

DEERFIELD, Ill., May  8, 2013 --  Così, Inc. (Nasdaq:  COSI), the  fast-casual 
restaurant company,  today announced  a 1-for-4  reverse split  of its  common 
stock. The reverse stock split will become  effective at 8 am Eastern Time  on 
May 9, 2013, and Cosi's common stock  will begin trading on The Nasdaq  Global 
Market on  a  split-adjusted basis  when  the market  opens  on May  9,  2013. 
Following the  reverse stock  split, the  common stock  will continue  to  be 
reported on the  Nasdaq Global  Market under the  symbol "COSI,"  and the  new 
CUSIP number for the common stock will be 22122P200.

The reverse stock  split was  approved by  Cosi's stockholders  at the  annual 
meeting held on  May 8,  2013 and  the Board  of Directors  was authorized  to 
implement a reverse stock split and determine the ratio of the split within  a 
range of  not  less  than 1-for-2  or  greater  than 1-for-20.  The  Board  of 
Directors has  determined to  fix the  ratio for  the reverse  stock split  at 
1-for- 4.

At the effective time  of the reverse  stock split, every  4 shares of  Cosi's 
issued and outstanding common stock  will be converted automatically into  one 
issued and outstanding share  of common stock, without  any change in the  par 
value per share. The reverse stock split  will reduce the number of shares  of 
Cosi's common stock outstanding from approximately 73,213,869to approximately
18,303,467. In addition, the reverse  stock split will effect a  proportionate 
adjustment to the per share exercise  price and the number of shares  issuable 
upon the exercise  or settlement of  all outstanding options  and warrants  to 
purchase or acquire  shares of Cosi's  common stock and  the number of  shares 
reserved  for   issuance  pursuant   to  Cosi's   existing  equity   incentive 
compensation plans will be reduced  proportionately. The number of  authorized 
shares of Cosi's common stock will not be affected by the reverse stock split.

No fractional shares will be  issued as a result  of the reverse stock  split, 
and stockholders who otherwise  would be entitled to  a fractional share  will 
receive, in lieu thereof, a cash payment based on the average of the high  and 
low trading prices of Cosi's common  stock on the Nasdaq Global Market  during 
the regular trading hours for the five trading days immediately preceding  the 
effective time of the reverse stock split.

Stockholders who hold their shares in brokerage accounts or "street name" will
not be required to  take any action  to effect the  exchange of their  shares. 
Holders of share certificates will receive instructions from Cosi's  transfer 
agent, American  Stock Transfer  & Trust  Company, regarding  the process  for 
exchanging shares.

Additional information  regarding the  reverse  stock split  can be  found  in 
Cosi's definitive  proxy  statement filed  with  the Securities  and  Exchange 
Commission on March 25, 2013, copies of which are available at  or 
at under  the SEC  filings tab  located on  the Investor  Info 

About Così, Inc.
Così® ( is a national fast casual restaurant chain that
has developed featured foods built around a secret, generations-old recipe for
crackly crust  flatbread. This  artisan bread  is freshly  baked in  front  of 
customers throughout  the day  in  open-flame stone-hearth  ovens  prominently 
located in  each of  the restaurants.  Così's warm  and urbane  atmosphere  is 
geared towards its  sophisticated, upscale, urban  and suburban guests.  There 
are currently  74  Company-owned and  50  franchise restaurants  operating  in 
sixteen states,  the District  of Columbia,  Costa Rica  and the  United  Arab 
Emirates. The  Così®  vision  is  to become  America's  favorite  fast  casual 
restaurant by  providing customers  authentic, innovative,  savory food  while 
remaining an affordable luxury.

The Così®  menu  features  Così®  sandwiches,  freshly-tossed  salads,  bowls, 
breakfast wraps,  melts, soups,  Così® Squagels®,  flatbread pizzas,  S'mores, 
snacks and other desserts, and a wide range of coffee and coffee-based  drinks 
and other specialty beverages. Così® restaurants are designed to be  welcoming 
and comfortable  with  an eclectic  environment.  Così's sights,  sounds,  and 
spaces create  a tasteful,  relaxed ambience  that provides  a fresh  and  new 
dining experience.

"Così," "(Sun & Moon Design)" and  related marks are registered trademarks  of 
Così, Inc. in the U.S.A. and  certain other countries. Copyright © 2013  Così, 
Inc. All rights reserved.

1995. This press release  contains statements that constitute  forward-looking 
statements under the federal  securities laws. Forward-looking statements  are 
statements  about  future  events  and  expectations  and  not  statements  of 
historical fact. The words  "believe," "may," "will," "should,"  "anticipate," 
"estimate," "expect,"  "intend,"  "objective," "seek,"  "plan,"  "strive,"  or 
similar  words,  or  negatives  of  these  words,  identify  forward-  looking 
statements. We  qualify  any  forward-looking  statements  entirely  by  these 
cautionary factors.  Forward-looking  statements  are  based  on  management's 
beliefs, assumptions  and expectations  of  our future  economic  performance, 
taking  into  account  the  information  currently  available  to  management. 
Forward-looking statements involve risks and uncertainties that may cause  our 
actual results, performance or financial  condition to differ materially  from 
the expectations  of future  results, performance  or financial  condition  we 
express or  imply  in  any  forward-looking  statements.  Factors  that  could 
contribute to these differences include, but  are not limited to: the cost  of 
our  principal  food   products  and   supply  and   delivery  shortages   and 
interruptions;  labor  shortages   or  increased  labor   costs;  changes   in 
demographic trends  and consumer  tastes  and preferences,  including  changes 
resulting from concerns over nutritional  or safety aspects of beef,  poultry, 
produce, or other  foods or the  effects of food-borne  illnesses, such as  E. 
coli, "mad cow disease" and avian influenza or "bird flu"; competition in  our 
markets, both in our business and  in locating suitable restaurant sites;  our 
operation and  execution  in new  and  existing markets;  expansion  into  new 
markets including foreign markets; our ability to attract and retain qualified
franchisees and  our franchisees'  ability  to open  restaurants on  a  timely 
basis; our ability  to locate suitable  restaurant sites in  new and  existing 
markets and negotiate acceptable lease terms; the rate of our internal  growth 
and our ability to generate  increased revenue from our existing  restaurants; 
our ability to generate positive cash flow from existing and new  restaurants; 
fluctuations in our quarterly results due to seasonality; increased government
regulation and  our  ability  to  secure  required  government  approvals  and 
permits; our ability to  create customer awareness of  our restaurants in  new 
markets; the reliability of  our customer and  market studies; cost  effective 
and timely  planning, design  and build  out of  restaurants; our  ability  to 
recruit, train and  retain qualified  corporate and  restaurant personnel  and 
management; market  saturation  due  to new  restaurant  openings;  inadequate 
protection of  our intellectual  property; our  ability to  obtain  additional 
capital and  financing;  adverse  weather  conditions  which  impact  customer 
traffic  at  our  restaurants;   and  adverse  economic  conditions.   Further 
information regarding factors that could affect our results and the statements
made herein  are included  in our  filings with  the Securities  and  Exchange 

       Additional information is available on the company's website at
 in the investor relations section.


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Così, Inc via Thomson Reuters ONE
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