GOLDEN, Colo. - September 25, 2013 - (BUSINESS WIRE) - Good Times Restaurants Inc. (NASDAQ: GTIM) today announced that it has narrowed its slate of candidates to fill the position of Vice President of Franchise Development for the anticipated accelerated expansion of the Bad Daddy’s Burger Bar concept. The Company said it plans to develop and operate Bad Daddy’s in Colorado and other states for its own account and expand the concept with experienced multi-unit operators through its 48% ownership and management agreement in Bad Daddy’s Franchise Development LLC.
Boyd Hoback, President & CEO said, “We are excited about the quality of candidates that we are in discussions with and anticipate making a hire in the next few weeks. They each have backgrounds with deep experience in several large, iconic brands that have successfully grown through franchising with multi-unit franchisees. We have set out high standards for the position and anticipate being able to bring on a very experienced executive to help execute our franchise expansion plans for Bad Daddy’s as we continue to work with the Bad Daddy’s founders on developing a robust platform of operating tools, systems and franchise services.”
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 38 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. There are four restaurants open and a fifth in the Charlotte airport operated by HMS Host with three additional restaurants in development.
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.
Boyd E. Hoback
President and CEO
Booke & Co.