SOUTHFIELD, Mich., May 28, 2014 (GLOBE NEWSWIRE) -- Diversified Restaurant Holdings, Inc. (Nasdaq: BAGR ) ("DRH" or the "Company"), the creator, developer and operator of the unique, full-service, ultra-casual restaurant and bar Bagger Dave's Burger Tavern ® ("Bagger Dave's") and one of the largest franchisees for Buffalo Wild Wings ® ("BWW"), announced the successful relocation of its North Port, Florida BWW store on Sunday, May 25, 2014. The new location has improved visibility as a standalone restaurant within the Cocoplum Shopping Center off of the US41 Tamiami Trial. For the convenience of its guests, the restaurant is near major retail locations including Publix, Ross and Sports Authority
"We found an ideal location in our Florida market for the new Stadia design restaurant. The stand alone property is convenient for guests, very visible and within a strong retail market area with excellent traffic," stated T. Michael Ansley, President and CEO of DRH. "The Florida market has strengthened well over the last year and has proven to be a geographic hedge for us helping to balance weather and economies. Strategically, we continue to capitalize on the strong cash generation of our BWW franchises to support the growth of our Bagger Dave's concept."
Year to date, DRH has relocated two BWW and opened a new Bagger Dave's. The Company plans to add another seven Bagger Dave's in Michigan and Indiana and open three more BWW by the end of 2014.
About Diversified Restaurant Holdings
Diversified Restaurant Holdings, Inc. (Nasdaq: BAGR ) ("DRH" or the "Company") owns and operates Bagger Dave's Burger Tavern, a full-service, family-friendly restaurant and full bar with a casual, comfortable atmosphere specializing in custom-built, proprietary, fresh prime rib recipe burgers, famous all-natural turkey burgers, hand-cut fries, locally crafted beers on draft, hand-dipped milk shakes, salads, black bean turkey chili, and much more. Currently there are 18 company-owned Bagger Dave's restaurants in Michigan and Indiana. DRH will open eight additional company-owned locations during 2014 in Indiana and Michigan. For more information, visit www.baggerdaves.com .
The Company also operates 36 Buffalo Wild Wings Grill & Bar franchised restaurants in Indiana, Illinois, Michigan, and Florida, with an Area Development Agreement to open an additional 13 locations by 2017. DRH plans to open three more units in Michigan, Indiana, and Florida in 2014.
The Company routinely posts news and other important information on its website at www.diversifiedrestaurantholdings.com .
Safe Harbor Regarding Forward Looking Statements
The information made available in this news release contains forward-looking statements which reflect DRH's current view of future events, results of operations, cash flows, performance, business prospects and opportunities. Wherever used, the words "anticipate," "believe," "expect," "intend," "plan," "project," "will continue," "will likely result," "may," and similar expressions identify forward-looking statements as such term is defined in the Securities Exchange Act of 1934. Any such forward-looking statements are subject to risks and uncertainties and the Company's actual growth, results of operations, financial condition, cash flows, performance, business prospects and opportunities could differ materially from historical results or current expectations. Some of these risks include, without limitation, the impact of economic and industry conditions, competition, food and drug safety issues, store expansion and remodeling, labor relations issues, costs of providing employee benefits, regulatory matters, legal and administrative proceedings, information technology, security, severe weather, natural disasters, accounting matters, other risk factors relating to our business or industry and other risks detailed from time to time in the Securities and Exchange Commission filings of DRH. Forward-looking statements contained herein speak only as of the date made and, thus, DRH undertakes no obligation to update or publicly announce the revision of any of the forward-looking statements contained herein to reflect new information, future events, developments or changed circumstances or for any other reason.
Investor Contact: Alex P. Hamilton/Deborah K. Pawlowski Kei Advisors LLC 716.242.8632/716.843.3908 / Company Contact: David Burke Chief Financial Officer 248.223.9160
