FOG CUTTER CAPITAL GROUP INC.'S FATBURGER UNIT OPENS FIRST MICHIGAN RESTAURANT
March 3, 2008
| FOR: |
FOG CUTTER CAPITAL GROUP INC. |
| CONTACT: |
Fog Cutter Capital Group Inc. |
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(503) 721-6500 Andrew A. Wiederhorn, Chairman and CEO |
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(310) 319-1871 Elaine Patel, Fatburger VP - Marketing |
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(310) 319-1860 Seymour Floyd VP - Development |
For Immediate Release
FOG CUTTER CAPITAL GROUP INC.'S
FATBURGER UNIT
OPENS FIRST MICHIGAN RESTAURANT
(PORTLAND, OR) – March 3, 2008 -- Fog Cutter Capital Group Inc.'s (OTCBB: FCCG) Fatburger unit has announced the grand opening of its first Michigan location.
This newest Fatburger is located at 28308 Telegraph Road, Southfield, MI, 48034, and will open on March 3, 2008. This location is a franchise whose ownership group is led by longtime Detroit community leader and attorney, Jerome Barney.
“The expansion into Michigan is part of the company’s plans to open between 20-30 new restaurants this year. Fatburger has been a welcome addition to other communities because of our continued commitment to quality and taste and we look forward to becoming active members of the Southfield community,” said Andy Wiederhorn, Chairman of Fatburger.
The new 2,800-square-foot Fatburger location will provide approximately 30 new jobs to the community.
Fatburger is a quick-casual, takeout and sit-down restaurant serving big, juicy burgers custom made to guests’ taste buds. The taste and quality of Fatburger inspires a fierce loyalty among customers that crosses all demographic lines, including Hollywood personalities and sports stars. For more than 55 years, Fatburger has been dedicated to serving big, fresh, 100 percent pure lean beef burgers custom made and grilled right in front of customers.
Every signature 1/3 lb. Fatburger patty is fresh, never frozen and can be indulgently dressed with all the usual condiments plus inspired choices such as chili, bacon and even fried egg. For those with a heartier appetite, there’s a half-pound Kingburger. When finished cooking on an open grill, your order is delivered to your table.
Fatburger’s spacious restaurants feature a hip ’50s-style décor accented with bright colors, neon lighting, stainless steel accents and various memorabilia. Rock and classic soul tunes wail from the Web-enabled digital jukebox that has a catalog of more than 250,000 songs.
About Fatburger
Founded in Los Angeles, California in 1952, the Fatburger restaurant chain has 96 restaurants serving big, fresh, 100 percent pure lean beef burgers custom made and grilled right in front of customers in Arizona, California, Colorado, Florida, Georgia, Louisiana, Michigan, Nevada, New Jersey, New York, Ohio, Pennsylvania, Texas, Virginia, Washington, Canada and Macao. Fatburger currently operates 42 company owned restaurants with franchisees operating the remaining 54 locations. Based in Santa Monica, California, the company is actively seeking new franchisees for available territories across the nation. Fatburger is a subsidiary of Fog Cutter Capital Group Inc. (OTCBB: FCCG). For more information, or to find a Fatburger restaurant near you, go to www.fatburger.com.
Forward Looking Statements
Certain statements contained herein may not be based on historical facts and are “Forward-Looking Statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements are based on various assumptions (some of which are beyond the Company’s control) and may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Actual results could differ materially from those set forth in Forward-Looking Statements due to a variety of factors as detailed in the Company’s annual and quarterly filings with the Security and Exchange Commission. Except as may be required by law, the Company does not undertake, and specifically disclaims any obligation, to publicly release the results of any revisions which may be made to any Forward-Looking Statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
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