LOS ANGELES, April 23, 2007 (PRIME NEWSWIRE) -- Grill Concepts, Inc. (Nasdaq:GRIL) today announced it will enter the Tulsa, Oklahoma market with the opening of a Daily Grill restaurant within the Tulsa Crowne Plaza in early 2008. Occupying approximately 8,000 square feet, the Tulsa Daily Grill will serve breakfast, lunch and dinner, as well as provide room service for the 460-room hotel and bar service for the lobby. Under the management agreement with the hotel, Grill Concepts will receive a guaranteed management fee totaling $200,000 per year, along with customary profit sharing from the restaurant's operations.
The Tulsa Crowne Plaza is located in the city's downtown business district and is connected via a sky bridge to several high-rise buildings which include corporate offices for several nationally recognized firms. A new 18,000-seat arena is currently under construction three blocks from the hotel and scheduled to open in late 2008.
"This partnership serves as yet another exciting step in continuing our accelerated expansion plan and further exemplifies the popularity of the Daily Grill brand," said Philip Gay, chief executive officer. "We will be pleased to offer the hotel's heavily business-oriented clientele, as well as the local business and residential patrons, with the opportunity to sit back and enjoy the Daily Grill's straightforward, classic American cuisine, prepared using home-cooking techniques and with fresh ingredients purchased daily."
Daily Grill's menu features Certified Angus Beef, unique appetizers, fresh seafood and sumptuous desserts, among others, to delight the palates of its patrons in an ambiance that enables guests to experience dining the way it was meant to be, one great meal at a time, by people who care.
About Grill Concepts, Inc.
Grill Concepts owns and manages upscale casual and fine dining, full service restaurants under two core brand names: The Grill on the Alley and Daily Grill. The company operates 26 restaurants (two of which are licensed) including five The Grill on the Alley-branded restaurants in Beverly Hills, Hollywood, San Jose, California; Chicago, Illinois; and Dallas, Texas as well as 21 Daily Grill restaurants in Southern and Northern California; the Washington, D.C. metropolitan region; Houston, Texas; Portland, Oregon; Skokie, Illinois; and Memphis, Tennessee.
This news release contains forward-looking statements, which are based on current operations, plans and expectations. Such statements include, but are not limited to, the company's ability to continue expanding its restaurant network, projected opening dates of restaurants and projected opening dates of restaurants currently under letters of intent. Actual results may differ materially from these statements due to risks and uncertainties beyond the company's control, which are detailed from time to time in its filings with the United States Securities and Exchange Commission.