Diversified Restaurant Holdings Relocates Sterling Heights Michigan Restaurant, Unveiling First Stadia Design In State
SOUTHFIELD, Mich. - April 22, 2014 // GLOBE NEWSWIRE // - Diversified Restaurant Holdings, Inc. (Nasdaq:BAGR) ("DRH" or the "Company"), the creator, developer and operator of the unique, full-service, ultra-casual restaurant and bar Bagger Dave's Burger Tavern® ("Bagger Dave's") and one of the largest franchisees for Buffalo Wild Wings® ("BWW"), recently unveiled the latest BWW restaurant located in Sterling Heights, MI. The new restaurant is a relocation of a nearby BWW restaurant, which first opened in 1999, and was the first BWW to be opened as part of the DRH portfolio, which has now grown to 36 BWW restaurants in total. The new restaurant also marks the first BWW restaurant in the state to feature the new "Stadia" design, aimed at bringing the feel of a stadium to the dining experience. The location also offers an additional 1,000 square feet with an additional 60 seats and features an all-season patio.
Michael Ansley, President and CEO of DRH, commented, "The grand opening of the new Sterling Heights restaurant was extremely well received by the neighborhood and the first 100 customers received a coupon book valid for six free wings every week, for an entire year. We believe the high energy created by the dynamic Stadia design will quickly evolve this location into a social gathering spot and a way to better enjoy games and amplify the overall experience of dining at BWW."
About Diversified Restaurant Holdings
Diversified Restaurant Holdings, Inc. (Nasdaq:BAGR) ("DRH" or the "Company") owns and operates Bagger Dave's Burger Tavern, a full-service, family-friendly restaurant and full bar with a casual, comfortable atmosphere specializing in custom-built, proprietary, fresh prime rib recipe burgers, famous all-natural turkey burgers, hand-cut fries, locally crafted beers on draft, hand-dipped milk shakes, salads, black bean turkey chili, and much more. Currently there are 18 company-owned Bagger Dave's restaurants in Michigan and Indiana. DRH will open eight additional company-owned locations during 2014 in Indiana and Michigan. For more information, visit www.baggerdaves.com.
The Company also operates 36 Buffalo Wild Wings Grill & Bar franchised restaurants in Indiana, Illinois, Michigan, and Florida, with an Area Development Agreement to open an additional 13 locations by 2017. DRH will open three more units in Michigan, Indiana, and Florida in 2014.
The Company routinely posts news and other important information on its website at www.diversifiedrestaurantholdings.com.
Safe Harbor Regarding Forward Looking Statements
The information made available in this news release contains forward-looking statements which reflect DRH's current view of future events, results of operations, cash flows, performance, business prospects and opportunities. Wherever used, the words "anticipate," "believe," "expect," "intend," "plan," "project," "will continue," "will likely result," "may," and similar expressions identify forward-looking statements as such term is defined in the Securities Exchange Act of 1934. Any such forward-looking statements are subject to risks and uncertainties and the Company's actual growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities could differ materially from historical results or current expectations. Some of these risks include, without limitation, the impact of economic and industry conditions, competition, food and drug safety issues, store expansion and remodeling, labor relations issues, costs of providing employee benefits, regulatory matters, legal and administrative proceedings, information technology, security, severe weather, natural disasters, accounting matters, other risk factors relating to our business or industry and other risks detailed from time to time in the Securities and Exchange Commission filings of DRH. Forward-looking statements contained herein speak only as of the date made and, thus, DRH undertakes no obligation to update or publicly announce the revision of any of the forward-looking statements contained herein to reflect new information, future events, developments or changed circumstances or for any other reason.
SOURCE Diversified Restaurant Holdings, Inc.
Alex P. Hamilton
Kei Advisors LLC
Deborah K. Pawlowski
Kei Advisors LLC
Chief Financial Officer
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