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TheStreet Open House

Ignite Restaurant Group Announces Preliminary Fourth Quarter 2012 Revenues

Stocks in this article: IRG

The Company successfully opened one Joe’s Crab Shack during the fourth quarter and 11 for the full fiscal year. In 2013, the Company plans to open as many as 16 new restaurants.

As a reminder, the Company continues to expect the non-recurring fourth quarter impact from restatement costs and debt amortization write-off associated with its debt refinancing to be in the $3.1 million to $3.3 million range

The company will present at the 15th Annual ICR XChange Investor Conference on Wednesday, January 16, 2013 at The Fontainebleau Miami Beach Hotel in Florida. The presentation will begin at 8:25 a.m. Eastern Time and will be webcast live and archived on the Ignite website. To access the presentation, please visit www.igniterestaurants.com under the tab "Investor Relations" or directly through the ICR XChange website at www.icrxchange.com.

About Ignite Restaurant Group

Ignite Restaurant Group, Inc. owns and operates 129 Joe's Crab Shacks and 15 Brick House Tavern + Taps. Each brand offers a variety of high-quality, chef-inspired food and beverages in a distinctive, casual, high-energy atmosphere. Joe's Crab Shack and Brick House Tavern + Tap operate in a diverse set of markets across the United States.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events and results may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “seek,” “comfortable with,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology. Examples of forward-looking statements in this press release include our estimated results for the fourth quarter of 2012 and the full year 2012, our expected timing for releasing our fourth quarter and full year 2012 financial results, and our planned new restaurant openings in 2013.

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