“We could not be happier to put Granite City back in a growth mode and Troy is the perfect place to begin that growth,” said Rob Doran, CEO. “This location was highly scrutinized by our team and has more growth drivers than any of our current high volume restaurants. Troy is the prime business and retail hub in the suburban Detroit market. This corridor serves as the home to some of the best restaurant volumes in the entire Metro Detroit, has excellent demographics, and a large daytime office population. Our new site is located just east of The Somerset Collections, estimated to be one of the highest grossing malls per square foot in the nation. So you can see why we are so excited to be entering this market and having the opportunity to bring our concept to the Troy area.”
Granite City Food & Brewery Ltd. is a Modern American upscale casual restaurant chain that operates 26 restaurants in 11 states. The menu features affordable yet high quality menu items prepared from made-from-scratch recipes and served in generous portions. The sophisticated yet unpretentious restaurants, proprietary food and beverage products, attractive price points and high service standards combine for a great dining experience. Granite City opened its first restaurant in 1999 and is expanding from its Midwestern base. Additional information about Granite City Food & Brewery can be found at the company’s website ( www.gcfb.net).
Forward-Looking Statements Certain statements made in this press release of a non-historical nature constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors include, but are not limited to, changes in economic conditions, changes in consumer preferences or discretionary consumer spending, a significant change in the performance of any existing restaurants, our ability to continue funding our operations and meet our debt service obligations, and the risks and uncertainties described in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 17, 2011.
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