Location Will Continue to Serve Guests Through March 30
MINNEAPOLIS - March 20, 2014 // GLOBE NEWSWIRE // - Famous Dave's of America, Inc. (Nasdaq:DAVE) announced the Salisbury, Md. location will close at the end of the day on March 30.
"We have been a proud member of this community since the fall of 2008," said John Spoon, Director of Operations for Famous Dave's of America. "We appreciate the support we have received from our guests, team members, area businesses and residents over the past five-and-a-half years."
Famous Dave's opened its first location in the Maryland market 14 years ago in Columbia. Spoon said that, "while it's always difficult to close a restaurant, we remain committed to a long-term strategy for the region." Guests with questions about the closing can contact the company directly via the website, www.famousdaves.com.
Famous Dave's took a non-cash impairment for this location in the third quarter of 2013. Through a collaborative partnership, the lease for the restaurant at 2318 N. Salisbury Blvd. will be turned over to the new tenant, The Greene Turtle Sports Bar & Grille, who is relocating from its current Salisbury location later this summer.
About Famous Dave's
Famous Dave's of America, Inc. (Nasdaq:DAVE) develops, owns, operates and franchises barbeque restaurants. As of March 20, 2014, the company owned 54 locations and franchised 141 additional units in 34 states, the Commonwealth of Puerto Rico and 1 Canadian Province. Famous Dave's menu features award-winning barbequed and grilled meats, a large selection of salads, side items and sandwiches, and unique desserts. Famous Dave's has won more than 700 awards for everything from "Best Ribs" to "Best Bar-B-Que Sauce" to "Best Cookbook" to "Top Barbeque Restaurant Franchise." For more information, please visit www.famousdaves.com.
Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of our restaurant openings and the timing or success of our expansion plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the company's actual results to differ materially from expected results. Although Famous Dave's of America, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from Famous Dave's expectation include financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the company's SEC reports.
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