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MINNEAPOLIS, August 16, 2005 - Granite City Food & Brewery Ltd. (Nasdaq: GCFB) announced today it plans to open a Granite City Food & Brewery® in the Minneapolis/St. Paul suburb of Roseville, Minnesota in the later half of 2006.
"We are very excited with this premier location in a great market," said Steve Wagenheim, Granite City Food & Brewery's President and CEO. "We are happy to be a part of the expansion of Rosedale and we plan to continue securing high volume locations in and around the Twin Cities."
The company opened a Granite City Food & Brewery in Wichita in July and has announced plans to open a restaurant in Eagan, Minnesota in September, as well as restaurants in two Kansas City locations later this year. Wagenheim said the company's developer is currently negotiating on additional sites in Kansas, Missouri, Nebraska, Wisconsin and Minnesota for continued expansion under its 4-6-8 plan for opening restaurants in the Midwest through 2007.
Granite City Food & Brewery Ltd. currently operates nine Granite City Food & Brewery casual dining restaurants featuring made-from-scratch food and handcrafted beers. Its broad menu offers traditional and regional foods served in generous portions at reasonable prices, affording guests an excellent value and great dining experience. Its first Granite City location, in St. Cloud, MN, opened in June 1999. Subsequently, the Company opened restaurants in Sioux Falls, SD, Fargo, ND, West Des Moines, IA, Cedar Rapids, IA, Davenport, IA, Lincoln, NE, Minneapolis, MN and Wichita, KS.
Certain statements made in this press release of a non-historical nature constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors include, but are not limited to, changes in economic conditions, changes in consumer preferences or discretionary consumer spending, a significant change in the performance of any existing units, the ability to obtain financing for, and complete construction of, additional restaurants at acceptable costs, our ability to implement and execute Fermentus Interruptus and the risks and uncertainties described in the Company's Form 10-KSB Report for the year ended December 28, 2004, as filed with the Securities and Exchange Commission.
Contact:
Steven J. Wagenheim
President and Chief Executive Officer
(952) 525-2030 or (612) 751-3331
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