RT..Founders Food & Firkins Ltd. Launches ``Fermentus Interuptus''
Business Editors
MINNEAPOLIS--(BUSINESS WIRE)--Oct. 22, 2001--
Granite City Food & Brewery implements its revolutionary
new brewing process in conjunction with the mid November
2001 opening of its Fargo, ND location
Founders Food & Firkins Ltd.., d/b/a Granite City Food & Brewery
(Nasdaq:GCFBU) announced the launch of a new patent-pending brewery
process that will make micro-brewing for multiple locations more
efficient. This brew method is trademarked under the name "Fermentus
Interuptus" and allows Granite City Food & Brewery to transfer an
unfermented liquid called wort, from one location to other locations
where the fermenting will begin and the brew process will be
completed.
Fermentus Interuptus is intended to improve the economics of
Granite City's micro-brewing process by eliminating the initial stages
of brewing and storage at multiple locations, thereby reducing
development costs at new restaurant locations. The unfermented liquid
known as wort contains no alcohol so it can be trucked anywhere in the
United States. The receiving brewpub will unload the wort into its own
brewing vessels, add yeast cells and conclude the brew process with
fermentation, aging, storing and eventually dispensing beer.
The Fermentus Interuptus brew process will originate at the Sioux
Falls, South Dakota brewery. The wort will be trucked to Granite City
Food & Brewery in Fargo, North Dakota, which is scheduled to open to
the public in mid November 2001. Although wort will be shipped only to
the Fargo location at this time, the Sioux Falls brewery is large
enough to service as many as 15 brew pubs. The Company's Chairman and
Brewmaster Bill Burdick said "Every restaurant that is added to the
Fermentus Interuptus program is expected to improve margins by serving
multiple locations with a single brewing operation. Through this
patent-pending process we are able to keep our high quality product
intact and enhance our overall profitability. Truly the best of both
worlds."
"We are extremely excited about introducing this new brewing
process in conjunction with the opening of our third Granite City,"
said Steve Wagenheim, Founders Food & Firkins' President and CEO. "We
will begin servicing our new Fargo location with Fermentus Interuptus
when it opens in mid November at the West Acres shopping complex.
Going forward, we anticipate Fermentus Interuptus will be a major part
of our intended expansion of Granite City Food & Brewery locations
within specific targeted markets."
Wagenheim said, "Fermentus Interuptus gives the concept
exclusivity and uniqueness which will become more prominent with the
growth of our company. This brewing process works for us because:
-- Granite City Food & Brewery is a restaurant first. With the
popularity of our food, the concept has good "legs" for
expansion, and Fermentus Interuptus enables us to build on
that platform.
-- Fermentus Interuptus fits our development strategy of
clustering our locations within geographic regions to maximize
operational efficiencies.
-- Our Chairman and Brewmaster Bill Burdick created this process
of brewing because of his high level understanding of beer,
the brewing process and brewery design. Mr. Burdick has over
35 years of hands-on brewing experience."
Granite City Food & Brewery provides fresh, high quality,
made-to-order food and handcrafted beers, all made on site. Its broad
menu offers traditional and regional foods served in generous portions
at reasonable prices, affording customers an excellent value and
pleasant dining experience.
Founders Food & Firkins Ltd owns and operates two Granite City
Food & Brewery casual dining restaurants featuring on-premise
breweries. Its first Granite City location, in St. Cloud, MN, opened
in late June 1999. Its second location opened in Sioux Falls, SD, on
December 18, 2000 and has enjoyed rave reviews from diners and local,
regional and national media.
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,
our ability to implement and execute the Fermentus Interuptus process,
our ability to use such process in our anticipated expansion, changes
in economic conditions and the risks and uncertainties described in
the Company's Form 10-KSB/A Report as filed for the year ended
December 31, 2000 with the Securities and Exchange Commission.
--30--cr/ms*
CONTACT: Founders Food & Firkins Ltd, Minneapolis
Steven J. Wagenheim, 952/525-2070 or 612/751-3331
KEYWORD: MINNESOTA
INDUSTRY KEYWORD: ENTERTAINMENT FOODS/BEVERAGES RESTAURANTS
SOURCE: Founders Food & Firkins Ltd
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Oct-22-2001 13:38 GMT
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US;GCFB
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