In connection with the issuance of the shares pursuant to the stock purchase agreement, Jeffery Crivello, a member of the Board since August 24, 2017, will be appointed as the Company's Chief Executive Officer, effective as of November 14, 2017. Since January 2015, Mr. Crivello has served as the Chief Financial Officer of PW Partners Capital Management, LLC, a hedge fund manager and an affiliate of PWP.This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Investors should read the prospectus, when available, and consider the investment objective, risks, fees and expenses of the Company carefully before investing. About Famous Dave's Famous Dave's develops, owns, operates and franchises barbeque restaurants. Its menu features award-winning barbequed and grilled meats, a selection of salads, sandwiches, side items, and made-from-scratch desserts. As of November 13, 2017, the Company owns 16 locations and franchises an additional 136 restaurants in 32 states, the Commonwealth of Puerto Rico, Canada, and United Arab Emirates. Forward-Looking Statements Statements in this press release that are not strictly historical, including but not limited to statements regarding the Company's proposed Rights Offering 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 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.
Contact:Dexter Newman - Chief Financial Officer952-294-1300