MINNEAPOLIS - July 27, 2015 // GLOBE NEWSWIRE // - Famous Dave's of America, Inc. (Nasdaq:DAVE) today announced the appointment of Anand D. Gala to the Company's board of directors. Mr. Gala is the Founder, President and Chief Executive Officer of Gala Holdings International, a diversified holding company that conducts consulting, restaurant development and management operations. Among its business operations, Gala Holdings International is a Company franchisee that owns and operates Famous Dave's and Fresh Griller franchise restaurants. Mr. Gala is also Founder and Managing Partner of Gala Development Partners, LLC, which focuses on the acquisition, development and management of commercial real estate comprising retail and office properties. Mr. Gala has previously founded and operated companies that have developed Applebee's franchises throughout California and Del Taco restaurants in Arizona.
"The addition of Anand Gala brings valuable franchisee representation to our Board," said Joseph M. Jacobs, co-founder and President of Wexford Capital LP who also serves as Chairman of the Company's Board of Directors. "We are excited to welcome Anand to the Board and look forward to the insight he will provide a franchise organization like Famous Dave's."
Famous Dave's of America, Inc. develops, owns, operates and franchises barbeque restaurants. As of today, the company owns 49 locations and franchises 132 additional units in 33 states, the Commonwealth of Puerto Rico, and Canada. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items and sandwiches, and unique made-from-scratch desserts.
Statements in this press release that are not strictly historical, including but not limited to statements regarding the Company's operating objectives and plans and prospects for growth, 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.
SOURCE Famous Dave's of America
Chief Financial Officer