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Non-Tech : BJ's Restaurants Inc.
BJRI 36.77+1.6%Nov 12 3:59 PM EST

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To: Wowzer who wrote (158)5/15/1998 1:07:00 AM
From: JustMy2Cents   of 865
 
CHICAGO PIZZA & BREWERY INC. TELECONFERENCE WILL BE ON REPLAY UNTIL 11:00AM FRIDAY.

Call (800) 642-1687 [ID #134864] to replay the transcript.

Read BUSINESS WIRE release dated may 14, 1998 for 1Q98 numbers.

Rory,
I hope not to duplicate Rory's notes on the CC. Below are some of notes from the teleconference:

Northwest Operations:
Alan Rodomsky arrived in 3/98. 4/98 was his first will month. Hennessy stated "Cashflows increase significantly."

Woodland Hills site:
"Shows significant promise, tremendous opportunity. Should open latter part of this year" They don't have to finance any of the site, but to be prudent, looking to finance a portion. $400k purchase price of existing restaurant. $1.2mn investment to be made.

Oregon Lottery:
Full application made. Police have reviewed. Should be a few weeks to final approval. Max. 5 video pokers per location. Potential for some Pietro locations to have video poker and/or video games.

Wage Expenses:
Increase in wages due to increase in minimum wage and over-staffing in new locations. Prices will increase in almost all locations this week.

Pietro locations:
1 unit in Salem running at $280k per year positive cashflow. Others have "significant" cashflows. Minor modifications will be made to these locations as their do not require much change. Will keep Pietro's name and menu and will sell BJ's beer.

Boulder CO location:
$2.1mn revenues for 1997. Very good for 5,550 sq ft location. Up 20 to 30% in 1Q98 vs last year. "Mid to upper $30,000's" positive cashflow per month.

Regards,
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