Dallas Area Has New Ruby Tuesday Franchisee

MARYVILLE, Tenn.--(BUSINESS WIRE)--Ruby Tuesday, Inc. today announced the transfer of its Dallas, Texas franchise to the Redstone Hospitality Group, LLC, a company led by Nick Galanos, a former Ruby Tuesday executive. The agreement is for the development of twelve restaurants in the Dallas area, as well as the operation of three existing Ruby Tuesday restaurants in McKinney, Bedford and Rockwall.

Galanos was Chief Operating Officer for Ruby Tuesday's international operations and also served as Chief Operating Officer for TGI Fridays and President of Champps Sports Bars. Other Redstone partners are Executive Vice President Chris Meaker, a 24-year industry veteran who was the senior operating executive with Darden's Olive Garden brand in Canada, and Jeffrey Jones, a successful real estate investor and developer and the founder of America Development & Investments Ltd.

"I believe we have a great team with huge potential," said Jones "We know the Dallas market well, and we know we can generate the kind of guest experience that will result in more people visiting Ruby Tuesdays more often and in higher revenues. We look forward to expanding the brand within the Dallas-Fort Worth and greater north Texas marketplace."

"The Redstone Group has in-depth knowledge of our brand, and they are proven operators. We are confident in their abilities to bring Ruby Tuesday's high-quality casual dining to the Dallas area," said Mark Ingram, President of Franchise for Ruby Tuesday.

This new franchise agreement is a continuation of Ruby Tuesday's expanded presence in Texas over the last six months, which includes the signing of new development commitments for the San Antonio and Brownsville/McAllen areas.

About Ruby Tuesday

Ruby Tuesday was founded in 1972, when current Chairman and CEO Sandy Beall opened the first restaurant near the University of Tennessee. The company has grown to over 900 company-owned and franchise Ruby Tuesday brand restaurants in 45 states, the District of Columbia, Puerto Rico, Guam, and 11 foreign countries. Ruby Tuesday, Inc. is traded on the New York Stock Exchange (NYSE: RT).

For more information regarding franchise opportunities, visit www.rubytuesday.com or call (865) 379-5739.



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