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Ignite Restaurant Group Acquires Romano’s Macaroni Grill

KeyBanc Capital Markets is serving as exclusive financial advisor to Ignite Restaurant Group. Additionally, KeyBank National Association and Bank of America Merrill Lynch are Joint Lead Arrangers and Joint Bookrunners on the transaction financing.

Conference Call

The Company will host a conference call with an accompanying slide presentation to discuss the acquisition today at 5:00 PM Eastern Daylight Time. Hosting the call will be Ray Blanchette, President and Chief Executive Officer, and Michael Dixon, Senior Vice President and Chief Financial Officer. The conference call can be accessed live over the phone by dialing 888-298-3457 or for international callers by dialing 719-325-2332. The slide presentation will be available ahead of the call and can be accessed at www.igniterestaurants.com under the “Investors” section. A replay will be available one hour after the call and can be accessed by dialing 877-870-5176 or 858-384-5517 for international callers; the password is 8988434. The replay will be available until February 13, 2013. The call will also be webcast live from the Company's website at www.igniterestaurants.com, also under the “Investors” section.

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.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with over $12 billion of capital under management. The principals of Golden Gate have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Golden Gate is one of the most active investors in multi-unit consumer companies in the country. Representative investments include Payless ShoeSource, Coldwater Creek, Pacific Sunwear, California Pizza Kitchen, Eddie Bauer, J.Jill, Express, Zales, and On the Border Mexican Grill and Cantina. For additional information, visit www.goldengatecap.com.

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 forecasted revenue for fiscal 2013, our pro forma revenues for 2013 assuming the Romano’s Macaroni Grill transaction occurred on January 1, 2013, and our estimated acquisition costs.

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