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Non-Tech : BJ's Restaurants Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (324)	1/26/1999 10:55:00 AM
From: JustMy2Cents	Read Replies (1) \| Respond to of 865

Chicago Pizza & Brewery Opens BJ's Pizza & Grill in Arcadia Business Wire - January 26, 1999 09:45 MISSION VIEJO, Calif.--(BUSINESS WIRE)--Jan. 26, 1999-- Strengthening its existing position in Los Angeles County, Chicago Pizza & Brewery Inc. (Nasdaq: CHGO) has opened a new BJ's Pizza & Grill restaurant in Arcadia. The Arcadia opening will be followed in March with an additional Los Angeles County site in Woodland Hills -- the largest restaurant in the 29-store restaurant chain. The Woodland Hills store will be more than 12,000 square feet, with 560 seats and a microbrewery on site. The company also will open a third L.A. County site later this year in Valencia. "We are constantly looking for prime new locations," said Paul Motenko, chief executive officer of Chicago Pizza & Brewery Inc., with headquarters in Mission Viejo. "Our objective is to grow at a steady but prudent pace. "Discovering the Arcadia site was a highlight for our development plans," Motenko continued. "We tend to integrate well with spirited communities -- those communities that balance education, culture, and commerce. Family-driven Arcadia is a natural for the BJ's concept. He anticipates healthy sales at the Arcadia store, which had a successful public opening Jan. 21. "We had a great turnout during our opening weekend, and the restaurant and bar were jam-packed until very late each night," he said. "Our guests seemed to particularly enjoy our handcrafted microbrews." BJ's began 20 years ago as a traditional pizzeria serving deep-dish, Chicago-style pizza. Today, along with its award-winning pizza, BJ's presents a full menu, features inviting interior design, and brews its own line of stellar lagers and ales. Like BJ's pizza, the beers have won numerous awards, including prestigious medals from the 1996 and 1998 Great American Beer Festival, the 1998 California and Colorado state fairs, and the 1998 World Beer Championships. Some restaurants are breweries. All others -- brewhouses -- serve the specialty brews. With the opening of the Arcadia restaurant, Chicago Pizza & Brewery Inc. now owns and operates five restaurants in Orange County; three in Los Angeles County, including Westwood and Belmont Shore locations; single restaurants in San Diego County; Boulder, Colo.; and Lahaina, Hawaii; and 17 BJ's and Pietro's restaurants in Oregon and Washington. 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 converted 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: Hilary Kaye Associates Eve Gumpel, 714/426-0444