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CORRECTING and REPLACING Good Times Restaurants Inc. Prices Underwritten Public Offering of Common Stock and Warrants



  CORRECTING and REPLACING Good Times Restaurants Inc. Prices Underwritten
  Public Offering of Common Stock and Warrants

CORRECTION... by GOOD TIMES RESTAURANTS INC.

Business Wire

GOLDEN, Colo. -- August 16, 2013

In the news release Good Times Restaurants Inc. Prices Underwritten Public
Offering of Common Stock and Warrants, we are advised by a representative of
the company that pricing information for the public offering was inadvertently
omitted.

The complete, corrected release reads:

  GOOD TIMES RESTAURANTS INC. PRICES UNDERWRITTEN PUBLIC OFFERING OF COMMON
                              STOCK AND WARRANTS

Good Times Restaurants Inc. (NASDAQ: GTIM)today announced the pricing of a
$5.5 million underwritten public offering 2,200,000 shares of our common stock
at a price per share of $2.50, together with warrants to purchase 2,200,000
shares of common stock at $2.75 per share (“A Warrants”) and additional
warrants to purchase 1,100,000 shares of common stock at $2.50 per share (“B
Warrants”). The company has also granted to the underwriter a 45-day option to
acquire up to 330,000 additional shares of common stock, additional A Warrants
to purchase up to 330,000 additional shares of common stock, and/or additional
B Warrants to purchase up to 165,000 additional shares of common stock. After
the underwriting discount and estimated offering expenses payable by the
company, the company expects to receive net proceeds of approximately $4.8
million, assuming no exercise of the over-allotment option. The offering is
expected to close on August 21, 2013, subject to customary closing conditions.
Maxim Group LLC is acting as the sole bookrunner for the offering.

Good Times intends to use the net proceeds from the offering for new
restaurant development associated with the Company’s previously announced Bad
Daddy’s transaction, restaurant remodeling, franchisor entity capitalization
and general working capital. The securities described above are being offered
by Good Times Restaurants Inc. pursuant to a registration statement filed with
and subsequently declared effective by the Securities and Exchange Commission.
A prospectus relating to the offering will be filed with the SEC and will be
available on the SEC’s website at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any of the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. Copies of the
prospectus supplement and accompanying base prospectus relating to this
offering may be obtained from Maxim Group LLC, 405 Lexington Avenue, New York,
NY 10174, (800) 724-0761.

About Good Times Restaurants Inc.

Good Times Restaurants Inc. (GTIM) 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 full service, upscale, “small box” restaurant
featuring a chef driven menu of gourmet signature burgers, chopped salads,
appetizers and sandwiches with a full bar and a focus on a selection of craft
microbrew beers in a high energy, family friendly atmosphere. Bad Daddy’s has
received both local and national accolades for the quality and originality of
its food and was most recently named a top 25 burger in the U.S. by USA Today.

Good Times Forward Looking Statements

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’ Registration Statement filed with the SEC and as amended through August
14, 2013. 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:

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