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FOR IMMEDIATE RELEASE

Nicabeer and Italian Restaurant Concept 'Fazoli's' Form Joint Venture

OAK BROOK, Ill., Nov. 25, 2002 /PRNewswire-FirstCall/ -- Nicabeer and Fazoli's, a fast-casual Italian restaurant concept based in Lexington, Kentucky, have agreed to form a joint venture to develop 20 to 30 Fazoli's restaurants in three U.S. markets. Nicabeer will also have an option to purchase the entire company at a later date. The agreement finalizes a deal originally outlined in a letter of intent signed by Fazoli's and Nicabeer last April.

For More Information Contact:

NicaBeer
1000 Nicabeer Road, Patrickville, California 95014
Tel: 408-555-1212
FAX: 408-555-1212
Internet: [email protected]

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Last modified: 01/06/03