Thursday February 5, 2:32 pm Eastern Time
Company Press Release
Chicago Pizza & Brewery Inc.'s Fifth Northwest Restaurant Experiences a 64 Percent Same-Store Sales Increase
Conversions to Be Completed in 1998; Brewery Wins Two More Awards
MISSION VIEJO, Calif.--(BUSINESS WIRE)--Feb. 5, 1998-- Chicago Pizza & Brewery Inc. (Nasdaq:CHGO - news,CHGOW - news) Thursday announced that the company's recently converted restaurant on Burnside Road in Portland, Ore., achieved a same-store sales increase of 64 percent in its first full month of operation as a BJ's Pizza & Grill, compared with the Pietro's restaurant's January 1997 sales.
The company will also reopen The Dalles store, its sixth converted restaurant in the Pacific Northwest, next week. In addition, the company just closed its Gresham restaurant, slated to be the seventh conversion, for remodeling into the popular, updated BJ's Pizza & Grill format.
Chicago Pizza & Brewery recently added Alan Rodomsky to its management team as director of Northwest operations. The company also received two awards at the World Beer Championship in Chicago, where BJ's ''Jeremiah Red'' won a silver medal and BJ's ''Wassail'' received a bronze medal.
''We are pleased with our recent conversions as well as the hiring of Alan Rodomsky as director of our Northwest operations,'' stated Paul Motenko, chief executive officer. ''Alan is highly qualified, with over 20 years in the restaurant industry, including multiunit and high-volume restaurant experience.
''Alan will oversee the reopening and performance of our converted Northwest stores. Our conversion plan is on schedule to complete the remaining restaurants during 1998, and our brewing efforts were again recognized with the two recent World Beer Championship awards, which gives our brewery a total of five major awards since opening in August of 1996.
''We feel we are on track to become a leader in the casual-dining marketplace with our winning combination of high-quality menu offerings and handcrafted beer.''
The company's sixth conversion is located at 3320 W. Sixth St. in The Dalles, Ore.; telephone 541/298-1300. The Burnside restaurant is located at 1933 W. Burnside, Portland, Ore.; telephone 503/295-1801.
Chicago Pizza & Brewery owns eight restaurants in Southern California; one in Boulder, Colo; and one in Lahaina, Maui, Hawaii, which operate under either the name BJ's Pizza & Grill or the name BJ's Pizza, Grill & Brewery.
The company also owns 18 Pietro's Pizza locations in Oregon and Washington, five of which have been converted to the popular, upgraded BJ's format, while the other 13 await conversion within the year.
BJ's restaurants offer customers moderate prices and tremendous value on an incredible menu that includes deep-dish, Chicago-style pizza, as well as sandwiches, salads, pastas, fabulous desserts, critically acclaimed handcrafted beers and more. Visit Chicago Pizza & Brewery on the Web at bjsbrewhouse.com.
The information presented herein contains certain forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbors created thereby. The company's results may differ significantly from the results indicated by such forward-looking statements. Factors that might cause such differences include but are not limited to: (1) the company's ability to finance or fund its business plan, (2) the company's ability to manage growth and conversions, (3) construction delays, (4) restaurant- and brewery- industry competition and other such industry considerations, (5) marketing and other limitations based on the company's historic concentration in Southern California and current concentration in the Northwest, (6) consumer trends, (7) increased food costs and wages, including without limitation the recent increase in the minimum wage, and (8) other general economic and regulatory conditions.
Contact:
Chicago Pizza & Brewery Inc., Mission Viejo Paul Motenko, 714/367-8616, ext. 2 or I3 Communications, Santa Monica, Calif. Brenda Eames, 310/796-0229
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