Good Times Announces New Distribution Agreement with Food Services of America

  Good Times Announces New Distribution Agreement with Food Services of
  America

Business Wire

GOLDEN, Colo. -- June 7, 2013

Good Times Restaurants Inc. (NASDAQ:GTIM) today announced that it has entered
into a five year distribution agreement with Food Services of America (FSA)
that covers distribution of over 95% of the Company’s products.

Nick Biegel, Director of Purchasing for the Company said, “After Yancey’s was
acquired by FSA and after going through a lengthy competitive bidding process,
we are pleased that we are able to maintain our longstanding relationship with
the team at Yancey’s and we are looking forward to all of the new resources
that FSA can bring to us as a much larger company, including improved
purchasing and freight efficiencies which should help reduce our cost of
sales.”

Biegel added, “The distribution agreement will cover not only Good Times
Burgers & Frozen Custard restaurants, but the future growth related to the
recent announcement of the development of Bad Daddy’s Burger Bar restaurants
in Colorado and other states, including the benefit of FSA’s relationship with
a much larger distribution cooperative that covers the country. As we develop
Bad Daddy’s Burger Bar restaurants out of Colorado and FSA’s direct
distribution area, the national cooperative provides us with the ability to
support our franchisees with much of the same purchasing power we have in
Colorado.”

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 chicken tenderloins, fresh frozen custard, fresh cut fries, fresh
lemonades and other unique offerings. Good Times currently operates and
franchises 39 restaurants.

Bad Daddy’s Burger Bar is a North Carolina-based restaurant chain of full
service restaurants featuring signature recipe burgers, sandwiches, chopped
salads, appetizers and a full bar specializing in a selection of craft
microbrew beers in a high energy, family friendly atmosphere. The Company has
certain development rights to the Bad Daddy’s concept in Colorado, Kansas and
Arizona and owns 48% of the franchisor entity Bad Daddy’s Franchise
Development LLC, which is more fully described in its Form 8k filing on April
15, 2013.

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 CONTACTS:
Boyd E. Hoback, 303-384-1411
President and CEO
or
Christi Pennington, 303-384-1440
Executive Assistant
 
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