EX-99.1
2
a08-4705_1ex99d1.htm
EX-99.1
EXHIBIT 99.1
PRESS RELEASE
Contact:
Robert E. Wheaton
President, CEO
Star Buffet, Inc.
(480) 425-0397
FOR IMMEDIATE
RELEASE: Friday, February 1, 2008
STAR BUFFET, INC.
COMPLETES PURCHASE
OF CERTAIN BARNHILL'S
BUFFET RESTAURANTS
SCOTTSDALE, AZ - February 1,
2008 - Star Buffet, Inc. (NASDAQ: STRZ) announced today that its
wholly-owned Star Buffet Management, Inc. subsidiary completed the
previously announced acquisition of sixteen (16) Barnhill's buffet restaurants
located in Alabama (1), Arkansas (1), Florida (4), Louisiana (3), Mississippi (4) and
Tennessee (3). Additionally, the Company
continues to negotiate the purchase of additional Barnhill's buffet
restaurants.
Safe Harbor
Statement
Statements that
are not historical facts contained in this release are forward-looking
statements that involve risks and uncertainties, and actual results could vary
materially from the descriptions contained herein due to many factors,
including, but not limited to, product demand and market acceptance risks, the
effect of economic conditions, the impact of competitive products and pricing,
the results of financing efforts, implementation of the Company's acquisition and
strategic alliance strategy, the effect of the Company's accounting policies and other risks
detailed in the Company's Form 10-K for its fiscal year ended January 29,
2007, and other filings with the Securities and Exchange Commission. Copies of all of the Company's filings with
the SEC are available to the public on the SEC's web site at
http://www.sec.gov. The Company
undertakes no obligation to update any forward-looking statements.
About Star Buffet
Star Buffet is a
multi-concept restaurant operator. As of
February 1, 2008, Star Buffet, through its subsidiaries, operates 16 Barnhill's
Buffet restaurants, 12 franchised HomeTown Buffets, seven JB's Family
restaurants, five Whistle Junction restaurants, four BuddyFreddys restaurants,
three 4B's restaurants, three Holiday House Family restaurants, three Western
Sizzlin restaurants, two K-BOB'S Steakhouses, two JJ North's Country Buffet,
one Pecos Diamond Steakhouse, one Bar H Steakhouse and one Casa Bonita Mexican
theme restaurant.
-end-

EX - 99 . 1 2 a08 - 4705 _ 1ex99d1 . htm EX - 99 . 1 EXHIBIT 99 . 1 PRESS RELEASE Contact : Robert E . Wheaton President , CEO Star Buffet , Inc . ( 480 ) 425 - 0397 FOR IMMEDIATE RELEASE : Friday , February 1 , 2008 STAR BUFFET , INC . COMPLETES PURCHASE OF CERTAIN BARNHILL 'S BUFFET RESTAURANTS SCOTTSDALE , AZ - February 1 , 2008 - Star Buffet , Inc . ( NASDAQ : STRZ ) announced today that its wholly - owned Star Buffet Management , Inc . subsidiary completed the previously announced acquisition of sixteen ( 16 ) Barnhill 's buffet restaurants located in Alabama ( 1 ) , Arkansas ( 1 ) , Florida ( 4 ) , Louisiana ( 3 ) , Mississippi ( 4 ) and Tennessee ( 3 ) . Additionally , the Company continues to negotiate the purchase of additional Barnhill 's buffet restaurants . Safe Harbor Statement Statements that are not historical facts contained in this release are forward - looking statements that involve risks and uncertainties , and actual results could vary materially from the descriptions contained herein due to many factors , including , but not limited to , product demand and market acceptance risks , the effect of economic conditions , the impact of competitive products and pricing , the results of financing efforts , implementation of the Company 's acquisition and strategic alliance strategy , the effect of the Company 's accounting policies and other risks detailed in the Company 's Form 10 - K for its fiscal year ended January 29 , 2007 , and other filings with the Securities and Exchange Commission . Copies of all of the Company 's filings with the SEC are available to the public on the SEC 's web site at http://www.sec.gov . The Company undertakes no obligation to update any forward - looking statements . About Star Buffet Star Buffet is a multi - concept restaurant operator . As of February 1 , 2008 , Star Buffet , through its subsidiaries , operates 16 Barnhill 's Buffet restaurants , 12 franchised HomeTown Buffets , seven JB 's Family restaurants , five Whistle Junction restaurants , four BuddyFreddys restaurants , three 4B 's restaurants , three Holiday House Family restaurants , three Western Sizzlin restaurants , two K - BOB 'S Steakhouses , two JJ North 's Country Buffet , one Pecos Diamond Steakhouse , one Bar H Steakhouse and one Casa Bonita Mexican theme restaurant . - end -