While turkey traditionally takes the spotlight this time of year, Papa John’s, the world’s third-largest pizza company, is offering consumers something that they love all year long – bacon. And more bacon.

Now through Dec. 26, Papa John’s is introducing the Double Bacon Six Cheese pizza, a specialty pizza made with a six-cheese blend of Mozzarella, Parmesan, Romano, Asiago, Provolone and Fontina, and topped with both hickory-smoked bacon and Canadian bacon.

“Our newest pizza creation definitely answers the call for anyone looking to ‘bring home the bacon’ Thanksgiving Eve and throughout the holiday season,” said Papa John’s Chief Marketing Officer, Andrew Varga.

In 2009, U.S. consumption of turkey averaged 17 pounds per person, while the average American eats 17.9 pounds of bacon per year, making bacon an equally popular choice for not just Thanksgiving leftovers, but pizza, too. So Papa John’s is using its better ingredients to satisfy bacon cravings all holiday season long.

“We think this is the perfect time to introduce a new bacon pizza,” Varga said. “Year after year, we see a huge spike in pizza sales the day before Thanksgiving. Add to that the hundreds of bacon fan pages, dedicated blogs, its pervasiveness in pop culture and the fact that it is one of our top selling ingredients, it is clear that consumers have an enormous appetite and affinity for bacon.”

The Double Bacon Six Cheese pizza is available for only $11.00 at all Papa John’s restaurants, and can be ordered online at the recently revamped Papa John’s online ordering site, www.papajohns.com. The new site includes pizza builder graphics that allow customers to put together their own pizzas through an interactive pizza-making application, showing them a visual of their finished product that matches in-restaurant topping specifications.

The site also offers consumers the only national online pizza loyalty program, Papa Points, in which customers can earn points towards free pizza with each online purchase. Once enrolled, customers earn one point for every $5 spent online; when customers accumulate 25 points, they receive a free pizza with their next online pizza purchase.

Headquartered in Louisville, Kentucky, Papa John’s International, Inc. (NASDAQ: PZZA) is the world’s third largest pizza company. For 10 of the past 11 years, consumers have rated Papa John’s No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John’s also was honored by Restaurants & Institutions Magazine (R&I) with the 2009 Gold Award for Consumers’ Choice in Chains in the pizza segment. Papa John’s is the Official Pizza Sponsor of the National Football League and Super Bowl XLV, XLVI and XLVII. For more information about the company or to order pizza online, visit Papa John’s at www.papajohns.com.

Members of the United States Pizza team will march and perform dough acrobatics as part of the 84^th annual Macy’s Thanksgiving Day Parade^®. The Macy’s Parade steps off on Thursday, November 25, 2010 at 9:00 a.m. and can be seen nationwide on NBC-TV.

The team, which was started in 2000 and is sponsored by pizza industry vendors and PMQ Pizza Magazine, is composed of pizzaiolos from around the nation whose skills range from baking to dough stretching to individual and group dough acrobatics.

“Pizza spinning is an emerging sport that combines culinary arts and performance skills, and quite honestly, we’ve found some of the finest in the industry,” says Steve Green, publisher and founder of PMQ. “We’re proud to have the team show the world what they can do in an event as prestigious as the Macy’s Thanksgiving Day Parade.”

While team members often use real dough in competition, members will spin Throw Dough (throwdough.com), a synthetic, practice dough used for performing elaborate tricks during the parade. The team has competed internationally in Australia, China, France and Italy in previous years. U.S. Pizza Team Sponsors are California Milk Advisory Board, La Nova, Paradise Tomato Kitchens, Inc., Throw Dough, BAG Solutions, Deiorio’s, Fontanini, GFS, and Marsal & Sons, Inc. For more information about the U.S. Pizza Team, visit USPizzaTeam.com.

About PMQ Pizza Magazine

In publication for 13 years, PMQ Pizza Magazine reaches 40,000 owner/operators of America’s 76,000 pizzerias. In the 36 billion dollar pizza industry, PMQ is a business monthly with a website which hosts 5,000 Web visitors each day at PMQ.com and 10,000 newsletter subscribers each week. PMQ Pizza Magazine also has publications in China and Australia.

About the Macy’s Thanksgiving Day Parade

With more than 50 million viewers across the country and more than 3.5 million spectators that line up along the streets of New York City each year, the Macy’s Thanksgiving Day Parade is a national icon that has grown into a world-famous holiday event. For more than 80 years, the Macy’s Thanksgiving Day Parade has marked the official start of the holiday season. Growing in size and scale, the Parade proudly marches down a more than 2-mile route in New York City with more than 8,000 participants in tow including Macy’s employees, their families, celebrities, athletes, clowns and dance groups spreading holiday cheer. The Parade also features America’s best marching bands, fabulous floats and Macy’s signature giant helium character balloons. For more information on the Macy’s Parade please visit www.macysparade.com or call the Parade hotline at (212) 494-4495.

EDITOR’S NOTE:

Twenty-Five members of the United States Pizza Team (USPT) will be rehearsing their acrobatic pizza tossing routine at several locations in New York City to prepare for their debut in the Macy’s Thanksgiving Day Parade. Steve Leiber, Director of the US Pizza team commented, “We are always excited to showcase the incredible talents of the members of the Pizza Team who are truly the best at this sport and ambassadors for the Pizza Industry; and to accomplish our mission to advance pizza’s quality and perfect and serve the great meal of the United States.” This dynamic group will be in action:

Tuesday, November 23

Noon – 3:00 p.m. at 118th Street
8:00 pm – 10:00 p.m. – 34th Street in front of Macy’s

Wednesday, November 24

Noon – 3:00 p.m. in front of Sbarro’s in Times Square at 7th Avenue.

The United States Pizza Team was started in 2000 and is sponsored by pizza industry vendors and PMQ Pizza Magazine, is composed of pizzaiolos from around the nation whose skills range from baking to dough stretching to individual and group dough acrobatics. While team members often use real dough in competition, members will spin Throw Dough (throwdough.com), a synthetic, practice dough used for performing elaborate tricks during the parade. For more information about The U.S. Pizza Team, visit us at www.uspizzateam.com, become a fan on Facebook, or follow us on Twitter (@uspizzateam).

California Pizza Kitchen, Inc. (CPK) (NASDAQ:CPKI), home to the Original BBQ Chicken Pizza and other innovative hearth-baked pizzas, made-to-order pastas, salads, appetizers, soups, sandwiches, and desserts, opened its first full-service restaurant in Tucson, Arizona today.

The new 4,400 square-foot restaurant features an outdoor patio and is located on the south side of the Tucson Mall, next to the H&M clothing store. The restaurant will operate from 11 a.m. to 10 p.m., Monday through Thursday; from 11 a.m. to 11 p.m., Friday and Saturday; and from 11 a.m. to 9 p.m. Sundays. Guests can dine in or place a Curbside take-out order by ordering online at www.cpk.com, using their CPK iPhone app, or by calling (520) 407-5004.

Following CPK’s tradition of giving back to the community, the new Tucson location will donate 100% of all dine-in pizza sales during regular business hours Tuesday, November 30, 2010, to the Diamond Children’s Medical Center (DCMC). A partnership between University Medical Center and The University of Arizona Steele Children’s Research Center, DCMC is focused on bringing advanced care and compassion to all children in Southern Arizona. It will be the only children’s health facility in southern Arizona connected to an academic medical center, allowing children the advantage of being treated by leading experts with the latest diagnostics and therapeutic procedures.

The new Tucson CPK menu will feature all of the popular favorites and a number of new menu items, including:

• Four Seasons Pizza with imported Italian tomatoes, oven-roasted artichoke hearts, salami, fresh mushrooms, mild onions, and fresh Mozzarella cheeses topped with fresh herbs and Parmesan cheese;
• Roasted Artichoke and Spinach Pizza, inspired by CPK’s popular Spinach Artichoke Dip, with a blend of oven-roasted artichoke hearts, sautéed spinach and garlic, Fontina, Mozzarella and Parmesan cheeses and a spinach artichoke sauce;
• Baby Clam Linguini featuring linguini fini and baby clams with garlic, fresh Italian parsley, Parmesan cheese, white wine and red pepper flakes tossed in either a light lemon cream sauce or imported Italian tomatoes and fresh basil;
• Italian Deli Sandwich, a combination of spicy Capicola ham, salami and pepperoni topped with Mozzarella and Fontina cheeses, basil and shredded lettuce tossed in a herb-mustard Parmesan vinaigrette;
• Turkey Stack Sandwich oven-roasted turkey breast, sliced fresh Roma tomatoes, mayonnaise, shredded lettuce and Grey Poupon Dijon honey mustard; and
• Butter Cake, CPK’s newest dessert, an oven-baked butter cake served with fresh whipped cream.

The new restaurant will also feature an extensive beverage menu from its full bar, including the CPK Margarita and popular favorites such as Cranberry Mint Cooler and Cherry Lime Sparkler.

Domino’s Pizza, along with families across the nation, is getting ready for the hustle of the holidays!  The night before people enjoy a Thanksgiving Day feast with friends and family, many choose the convenience of fueling up on pizza – making Thanksgiving Eve one of the busiest nights of the year for Domino’s.

Because so many will make this Wednesday night a family pizza night, Domino’s will be delivering more than 1.1 million pizzas to homes across the country.

“As weary travelers roll into their destinations the night before turkey day, Domino’s Pizza is making sure a delicious, hot meal for the family is only a few clicks or a phone call away,” said Chris Brandon, Domino’s Pizza spokesperson. “It’s one of those days we circle on the calendar well in advance. Our stores stock up on ingredients and get plenty of delivery drivers ready to make sure we meet the needs of our hungry customers across the nation.”

A day consumers have circled is the day after Thanksgiving – of course, to take advantage of big savings. From Black Friday to Cyber Monday, the big deals of the long weekend bring with them a bit of shopping madness. Domino’s hopes to ease the insanity with its Feed the Shoppers Twitter giveaway.

Beginning today through Dec. 5, 2010, customers can enter to win a free meal in the form of a $15 Domino’s Pizza gift card at twitter.com/dominos.  To enter, consumers simply must follow @Dominos and tweet the phrase, “I’m entered to win a free meal from Domino’s ($15). Follow @Dominos & RT to enter! #feedtheshoppers Rules: http://bit.ly/dpz_fts”.

Domino’s will give away 20 gift cards every day during the 2-week period.

“We want everybody to have a stress-free holiday shopping experience, which means giving them a break from the madness to enter to win some pizza on us,” said Brandon. “Use the winnings for yourself when you don’t feel like cooking after a long shopping marathon. Or better yet, use it as a gift to mark a name off your holiday shopping list.”

Consumers hungry for an easy and affordable gift this season can also visit www.dominos.com to treat family and friends to a Domino’s gift card.  Gift cards are available in denominations of $5 to $100 and are redeemable online.

NO PURCHASE NECESSARY.  A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING.  LEGAL RESIDENTS OF THE 48 CONTIGUOUS UNITED STATES (D.C.) 18 YEARS AND OLDER.  VOID IN ALASKA, HAWAII, AND WHERE PROHIBITED. Sweepstakes ends 12/5/10. For Official Rules, prize descriptions and odds disclosure, and to enter, visit http://more.dominos.com/2010/11/feed-the-shoppers/.  Sponsor: Domino’s National Advertising Fund Inc., 30 Frank Lloyd Wright Drive, Ann Arbor, MI 48106.

Domino’s Pizza (NYSE: DPZ) today opened its first store in Vietnam, delivering hot, delicious pizza to the residents of Ho Chi Minh City.

The Master Franchisee is Vietnam Food & Beverage Service, a fully-owned subsidiary of the Imex Pan Pacific Group (IPP Group). The IPP Group has more than 25 years of experience operating retail, food and beverage outlets in Vietnam with an extensive portfolio of brands. The company’s retail and food and beverage experience in Vietnam makes them well-positioned to develop Domino’s into a leading brand in the country.

“Domino’s Pizza has a long history of delivering quality products to its customers,” said Tony Cricenti, Chief Executive Officer, Domino’s Pizza Vietnam. “We are very excited that Domino’s Pizza, the global leader in pizza delivery, is now in Vietnam and we look forward to providing that same level of service that our customers expect from this global brand.”

“Opening our first store in the largest city in Vietnam gives us an excellent entryway into this growing economy,” said Michael Lawton, Chief Financial Officer and interim-Executive Vice President of Domino’s Pizza International.  ”We have an excellent Master Franchisee who has the knowledge and skills needed to grow our brand into the leader in the market.”

Domino’s Pizza now operates in 67 markets worldwide, with nearly half of its global retail sales coming from international stores — making up roughly a third of its operating income.  In addition to the new store in Vietnam, stores have been opened this year in other new markets, including Germany, Romania, and the Ukraine.

Pizza De la Comunidad, LLC has signed a development agreement with Pizza Patrón, the premier Latin pizza brand, to enter the San Diego market with 11 locations over the next three years.

Restaurant industry veteran Pete Tucker formed Pizza De la Comunidad, LLC with an investment group of local San Diego business professionals including Robert Rubio, of the Rubio family, founders of Rubio’s Fresh Mexican Grill. The group is currently looking for locations throughout San Diego County and hopes to have their first location open in the first quarter of 2011, says Tucker.

“We are excited to introduce this concept to the San Diego area,” said Tucker. “It is an innovative brand that marries a terrific pizza with a familiar Latin vibe for a price that is unmatched in the industry. By locating stores within the Hispanic communities that we will serve, we can create a place where language, culture and great food can come together. We are very excited to be a part of the Pizza Patrón family.”

Tucker has over 25 years of restaurant industry experience, with General Mills Food Group, Chi-Chi’s Mexican Restaurant and Einstein Bros. Bagels. 

“San Diego is a natural growth market for our brand,” said Guillermo Estrada, president of Pizza Patrón. “We are thrilled to have an experienced developer like Pete Tucker in our franchise system. This strategic alliance is part of the company’s plan to develop the southern California region, and Pizzas de la Comunidad will play an important role in the opening of a new region that is one of the most important Hispanic markets in the U.S.”

Approximately 93 percent of Pizza Patrón restaurants in the U.S. are owned and operated by franchisees. Pizza Patrón plans to have 750 stores nationwide within a decade.

Chuck E. Cheese’s is giving families a free way to get the kids involved in the spirit of Thanksgiving as well as provide dinner guests with a personalized gift they are sure to treasure for a lifetime. Through Chuck E. Cheese’s free, online “Thank You” cards, families can have their children create personalized cards describing why they are thankful to have each guest or family member in their lives. Not only can children have fun coloring and filling out each guest’s card, but they get to experience what Thanksgiving is really about as well as reflect on the true value of family and friends.

Guests can use the personalized “Thank You” cards as placeholders at the dinner table or as a parting gift for guests to enjoy on their way home. Creating the cards is quick, easy and, like all Chuck E. Cheese’s activities, is something the whole family can enjoy.

How to Create Personalized “Thank You” Cards from Chuck E. Cheese’s:

Step 1 – Using any Internet browser, go to http://static.contserv.us/static/chuckecheese/300125679/card.pdf?link=image and print out a card for each guest. You will need a compatible PDF reader.

Step 2 – Have your children personalize the cards with the guests’ names as well as why they are thankful to have them in their lives.

Step 3 – Let the kids have fun personalizing the cards even more! You can make it an arts and crafts activity by incorporating all kinds of coloring utensils as well as glitter, stamps and rhinestones to let your children’s unique personalities really come through.

Step 4 – When they’re finished, let them dry out, and give any of the cards with glitter or sprinkles a good shake over the trash can to make sure nothing comes off on the dinner table. Then, decide the best way to surprise all of your Thanksgiving guests with the cards. You can set them on the table as placeholders, have the kids present them to guests as they are entering/leaving or have the kids read each card aloud to the dinner guests. The possibilities are endless.

Following these quick and easy steps, families across America can help their children understand the true meaning of Thanksgiving while also showing their love and appreciation for their family and friends. As a national leader in family entertainment for more than 30 years, Chuck E. Cheese’s believes in creating these positive, lifelong memories for families inside and outside of all of its locations.

Guests can find more great party ideas on Chuck E. Cheese’s website at http://www.chuckecheese.com, on the company’s Facebook page at http://www.facebook.com/officialchuckecheese and on Twitter at http://www.twitter.com/chuckecheese.

California Pizza Kitchen, Inc. (CPK) (NASDAQ:CPKI), home to the Original BBQ Chicken Pizza and other innovative hearth-baked pizzas, made-to-order pastas, creative salads, appetizers, soups, sandwiches and desserts, opened a new location in Bridgewater, New Jersey, today.

The new 5,500-square-foot restaurant is located at the entrance of the Bridgewater Commons shopping center, between Macy’s and Lord & Taylor. Hours of operation will be Monday through Thursday from 11:30 a.m. to 10:00 p.m., Friday and Saturday from 11:30 a.m. to 11:00 p.m. and Sunday 11:30 a.m. to 9:00 p.m. Guests can dine-in or place a take-out order by ordering online at www.cpk.com, from their CPK iPhone app or by calling (908) 566-1225.

The menu will feature all of the popular favorites along with the newest menu additions including a Four Seasons Pizza with imported Italian tomatoes, oven-roasted artichoke hearts, salami, fresh mushrooms, mild onions, Mozzarella and fresh Mozzarella cheeses topped with fresh herbs and Parmesan cheese; Roasted Artichoke and Spinach Pizza, inspired by CPK’s popular Spinach Artichoke Dip, with a blend of oven-roasted artichoke hearts, sautéed spinach and garlic, Fontina, Mozzarella and Parmesan cheeses and a spinach artichoke sauce; Baby Clam Linguini, featuring linguini fini and baby clams with garlic, fresh Italian parsley, Parmesan cheese, white wine and red pepper flakes tossed in either a light lemon cream sauce or imported Italian tomatoes and fresh basil; Italian Deli Sandwich, a combination of spicy Capicola ham, salami and pepperoni topped with Mozzarella and Fontina cheeses, basil and shredded lettuce tossed in a herb-mustard Parmesan vinaigrette; Turkey Stack Sandwich, oven-roasted turkey breast, sliced fresh Roma tomatoes, mayonnaise, shredded lettuce and Grey Poupon Dijon honey mustard; and Butter Cake, CPK’s newest dessert, an oven-baked butter cake served with fresh whipped cream. The new restaurant will also feature an extensive beverage menu from its full bar, including the CPK Margarita and popular favorites such as Cranberry Mint Cooler and Cherry Lime Sparkler.

Following CPK’s tradition of giving back to the communities in which it operates, the new CPK restaurant will donate 100% of all dine-in pizza sales during regular business hours on Monday, November 22, 2010, to the Somerset County United Way’s “Gifts of the Season” program which provides holiday gifts for local families in need. An independent nonprofit organization, Somerset County United Way helps people who live and work in Somerset County through its vision that all residents possess a living income that will be attained through achieving financial stability, healthy lifestyles, and life readiness. United Way’s mission is to lead a caring community to create solutions that transform people’s lives.

California Pizza Kitchen, Inc., founded in 1985, is a leading casual dining chain featuring an imaginative line of hearth-baked pizzas, including the original BBQ Chicken Pizza, and a broad selection of distinctive pastas, salads, appetizers, soups, sandwiches and desserts. Of the chain’s 265 restaurants, 209 are company-owned and 56 operate under franchise or license agreements. CPK premium pizzas are also available to sports and entertainment fans at three Southern California venues including Dodger Stadium, Angel Stadium of Anaheim and STAPLES Center. Also included in the Company’s portfolio of concepts is LA Food Show Grill & Bar, which has locations in Manhattan Beach and Beverly Hills, California. The Company also has a licensing arrangement with Nestle S.A. to manufacture and distribute a line of California Pizza Kitchen premium frozen products. For more details, visit www.cpk.com.

Papa John’s International, Inc. (NASDAQ: PZZA) today announced the appointment of Annette Calhoun to Senior Vice President, Human Resources. In this position, Calhoun is responsible for overseeing all aspects of the company’s global Human Resources function, including benefits, compensation, organizational and leadership development, employee relations, recruiting, and office services.

“Annette has done an outstanding job leading our HR team since 2009, and we are pleased to recognize her efforts with this promotion,” said Jude Thompson, Papa John’s president and co-CEO. “I look forward to continuing to work with Annette and our leadership team to keep our culture special and keep our brand moving forward.”

Calhoun joined Papa John’s Human Resources team in 1999. She was promoted to Senior Director of Benefits in 2005, and was named Vice President, Human Resources in 2009.

Calhoun has more than 20 years of management and human resources experience in various industries including retail, hospitality, legal and restaurant. Prior to joining Papa John’s, she served as the head of Human Resources for Wyatt, Tarrant & Combs, LLP, a Louisville-based regional law firm, where she was responsible for managing all aspects of the firm’s Human Resources function.

Headquartered in Louisville, Kentucky, Papa John’s is the world’s third largest pizza company. For ten of the last eleven years, consumers have rated Papa John’s No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John’s also was honored by Restaurants & Institutions Magazine (R&I) with the 2009 Gold Award for Consumers’ Choice in Chains in the pizza segment and was named 2007 Pizza Today Chain of the Year. For more information about the company or to order pizza online, visit Papa John’s at www.papajohns.com.

California Pizza Kitchen, Inc. (Nasdaq: CPKI) today reported financial results for the third quarter ending October 3, 2010.

Highlights for the third quarter of 2010 relative to the third quarter of 2009 were as follows:

• Total revenues decreased 0.2% to $164.5 million
• Full service comparable restaurant sales increased 0.7%
• Non-GAAP net income of $5.7 million, or $0.23 per diluted share, excluding the effects of the non-cash impairment write-down of 10 full service restaurants, the proposed settlement of a class-action lawsuit, store closure costs and the related tax benefits (please refer to the reconciliation table).
• Net loss of $7.5 million, or negative $0.31 per diluted share, including the effects of the non-cash impairment write-down of 10 full service restaurants, the proposed settlement of a class-action lawsuit, store closure costs and the related tax benefits.

Rick Rosenfield and Larry Flax, co-CEOs of California Pizza Kitchen, stated, “Excluding the charges for impairment, legal settlement and store closures, we delivered a strong financial performance for our shareholders for the quarter, exceeding the top-end of our earnings guidance range by $0.04 per share. With our successfully executed Thank You Card Program, full service comparable restaurant sales were positive for the first time in more than two years. We also managed our labor, direct operating and occupancy costs which allowed us to drive non-GAAP net income compared to the prior year quarter.”

Rosenfield and Flax continued, “Looking ahead, we plan to drive traffic and comparable sales through menu innovation and by providing an exceptional dining experience for our guests. We are implementing strategies to further control expenses and identifying leverage opportunities to strengthen our full service platform. This in turn will drive growth in the key ancillary channels of franchise expansion and branded grocery products. We are focused on enhancing our brand equity and maximizing shareholder value by improving our free cash flow and return on invested capital both inside and outside the restaurants’ four walls.”

Average weekly sales for the Company’s 199 full service restaurants were $61,161 in the third quarter of 2010 compared to $60,945 in the same quarter last year.

During the third quarter, the Company opened full-service restaurants in Jacksonville, FL; Newark, DE; Northbrook, IL; and San Antonio, Texas. International franchise partners opened a full-service restaurant in Seoul, South Korea, the Company’s fourth location in the country, and the first full-service restaurant in India, located in Mumbai. A domestic franchise partner also opened a new quick-serve restaurant on the University of Southern California campus.

The Company also outlined its financial guidance for the fourth quarter of 2010 based on the following estimates and assumptions:

• Full service comparable restaurant sales between negative 1% and 0%
• Opening three Company-owned full service restaurants
• Opening two international franchised full service restaurants
• Opening one Company-owned full service restaurant in Shanghai, China

Earnings are estimated in the range of negative $0.01 to $0.01 per diluted share which includes an estimated negative $0.06 per diluted share impact from a high fourth quarter effective tax rate. The prior year fourth quarter also included an $0.11 per diluted share increase from one extra operating week (14 week compared to 13 week quarter).

The Company will host a conference call today at approximately 4:30 pm ET. A webcast of the conference call can be accessed at www.cpk.com.

California Pizza Kitchen, Inc., founded in 1985, is a leading casual dining chain featuring an imaginative line of hearth-baked pizzas, including the original BBQ Chicken Pizza, and a broad selection of distinctive pastas, salads, appetizers, soups, sandwiches and desserts. The average guest check is approximately $15.00. Of the chain’s 264 restaurants as of November 11, 2010, 208 are Company-owned and 56 operate under franchise or license agreements. CPK premium pizzas are available to sports and entertainment fans at three Southern California venues including Dodger Stadium, Angel Stadium of Anaheim and STAPLES Center. Included in the Company’s portfolio of concepts is LA Food Show Grill & Bar, which has locations in Manhattan Beach and Beverly Hills, California. The Company also has a licensing arrangement with Nestle S.A. to manufacture and distribute a line of California Pizza Kitchen premium frozen products. For more details, visit www.cpk.com.

This release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include projections of earnings, revenue or other financial items, statements of the plans, strategies and objectives of management for future operations, statements concerning proposed new products or developments, statements regarding future economic conditions or performance, statements of belief and statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words “may,” “will,” “estimate,” “intend,” “continue,” “believe,” “expect,” “anticipate,” “guidance,” “forecast” and similar words.

This release includes measures that are not based on any standardized methodology prescribed by U.S. generally accepted accounting principles (“GAAP”) and are not necessarily comparable to similar measures presented by other companies. This includes non-GAAP earnings per diluted share or other information. The Company believes that this non-GAAP information is useful as an additional means for investors to evaluate the Company’s operating performance, when reviewed in conjunction with the Company’s GAAP financial statements. This amount is not determined in accordance with GAAP and therefore, should not be used exclusively in evaluating the Company’s business and operations.

Investors are cautioned that forward-looking statements are not guarantees of future performance and, therefore, undue reliance should not be placed on them. Our actual results may differ materially from the expectations referred to herein. Among the key factors that may have a direct bearing on our operating results, performance and financial condition are changing consumer preferences and demands, the execution of our expansion strategy, the continued availability of qualified employees and our management team, the maintenance of reasonable food and supply costs, our relationships with our distributors and numerous other matters discussed in the Company’s filings with the Securities and Exchange Commission. California Pizza Kitchen undertakes no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Selected Unaudited Consolidated Financial and Operating Data
(Dollars in thousands, except for per share and operating data)
		13 Weeks Ended								39 Weeks Ended
		October 3,				September 27,				October 3,				September 27,
			2010				2009				2010				2009
Statement of Income:
Revenues:
Restaurant sales		$	161,295			$	161,156			$	475,990			$	487,860
Royalties from licensing agreement			1,760				2,501				4,230				5,425
Domestic franchise revenues			839				714				2,323				2,039
International franchise revenues			649				468				1,745				1,515
Total revenues			164,543				164,839				484,288				496,839
Costs and expenses:
Food, beverage and paper supplies			38,143				37,009				111,573				115,094
Labor			60,472				60,929				179,151				184,608
Direct operating and occupancy			35,402				35,819				107,089				106,633
Cost of sales			134,017				133,757				397,813				406,335
General and administrative			12,006				12,199				38,029				37,746
Pre-opening costs			1,377				243				2,279				1,944
Operating income before depreciation and amortization, loss on impairment of property and equipment, store closure costs and litigation and settlement costs (1)			17,143				18,640				46,167				50,814
Depreciation and amortization			9,370				10,032				28,012				28,607
Loss on impairment of property and equipment			18,701				28				18,701				119
Store closure costs			592				185				1,058				185
Litigation and settlement costs			5,736				418				6,505				979
Total costs and expenses			181,799				156,862				492,397				475,915
Operating income (loss)			(17,256	)			7,977				(8,109	)			20,924
Interest income (expense), net			8				(166	)			(22	)			(663	)
Income (loss) before income tax provision (benefit)			(17,248	)			7,811				(8,131	)			20,261
Income tax provision (benefit)			(9,710	)			2,020				(7,285	)			5,780
Net income (loss)		$	(7,538	)		$	5,791			$	(846	)		$	14,481
Net income (loss) per common share:
Basic		$	(0.31	)		$	0.24			$	(0.03	)		$	0.60
Diluted		$	(0.31	)		$	0.24			$	(0.03	)		$	0.60
Shares used in computing net income (loss) per common share (in thousands):
Basic			24,578				24,123				24,453				24,029
Diluted (2)			24,578				24,286				24,453				24,098
Operating Data:
Locations open at end of period			263				255				263				255
Company-owned full service restaurants open at end of period			199				197				199				197
Average weekly company-owned full service restaurant sales		$	61,161			$	60,945			$	59,973			$	62,141
18-month comparable company-owned full service restaurant sales increase (decrease)			0.7	%			-8.0	%			-2.6	%			-6.9	%

(1)		This is a non-GAAP measure and is not based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similar measures presented by other companies. We believe this measure provides additional information to facilitate the comparison of our past and present financial results and provides an additional means for investors to evaluate business performance. However, use of this measure should not be construed as an indication that our future results will be unaffected by excluded items.
(2)		For the 13 and 39 weeks ended October 3, 2010, stock options have been excluded from the shares used in the computation of net loss per diluted share because of their antidilutive effect.

 

		13 Weeks Ended				39 Weeks Ended
		October 3,		September 27,		October 3,		September 27,
		2010		2009		2010		2009
Statement of Income Percentages (1):
Revenues:
Restaurant sales		98.0%		97.8%		98.3%		98.2%
Royalties from licensing agreement		1.1%		1.5%		0.9%		1.1%
Domestic franchise revenues		0.5%		0.4%		0.5%		0.4%
International franchise revenues		0.4%		0.3%		0.3%		0.3%
Total revenues		100.0%		100.0%		100.0%		100.0%
Costs and expenses:
Food, beverage and paper supplies		23.6%		23.0%		23.5%		23.6%
Labor		37.5%		37.8%		37.6%		37.8%
Direct operating and occupancy		22.0%		22.2%		22.5%		21.9%
Cost of sales		83.1%		83.0%		83.6%		83.3%
General and administrative		7.3%		7.4%		7.9%		7.6%
Pre-opening costs		0.8%		0.1%		0.5%		0.4%
Operating income before depreciation and amortization, impairment of property and equipment, store closure costs and litigation and settlement costs		10.4%		11.3%		9.5%		10.2%
Depreciation and amortization		5.7%		6.1%		5.8%		5.8%
Loss on impairment of property and equipment		11.4%		0.0%		3.9%		0.0%
Store closure costs		0.4%		0.1%		0.2%		0.0%
Litigation and settlement costs		3.5%		0.3%		1.3%		0.2%
Total costs and expenses		110.5%		95.2%		101.7%		95.8%
Operating income (loss)		-10.5%		4.8%		-1.7%		4.2%
Other expense:
Interest income (expense), net		0.0%		-0.1%		0.0%		-0.1%
Income (loss) before income tax provision (benefit)		-10.5%		4.7%		-1.7%		4.1%
Income tax provision (benefit)		-5.9%		1.2%		-1.5%		1.2%
Net income (loss)		-4.6%		3.5%		-0.2%		2.9%

(1)		Percentages are expressed as a percentage of total revenue except for cost of sales which is expressed as a percentage of restaurant sales.

Selected Consolidated Balance Sheet Information
(Dollars in thousands)
		October 3,			January 3,
		2010			2010
Cash and cash equivalents		$	4,842		$	21,424
Total assets			327,856			350,258
Total debt			-			22,300
Stockholders’ equity			193,197			189,250

 

California Pizza Kitchen, Inc.
Units Summary
		Total Units at						Total Units at
Third Quarter 2010		July 4, 2010		Opened		Closed		October 3, 2010
Company-owned full service domestic		196		4		1		199
Company-owned ASAP domestic		6		-		-		6
Company-owned LA Food Show		2		-		-		2
Franchised domestic		20		-		-		20
Franchised international		29		2		1		30
Campus, sports & entertainment venues (seasonal)		5		1		-		6
Total		258		7		2		263

The following reconciliation of net income (loss) to non-GAAP net income is provided to assist the reader with understanding the financial impact of the non-cash impairment charges, proposed legal settlement and related costs and store closure costs during the quarter and year (unaudited, in thousands, except per share data):
		13 Weeks Ended								39 Weeks Ended
		October 3,				September 27,				October 3,				September 27,
			2010				2009				2010				2009
Net income (loss) as reported		$	(7,538	)		$	5,791			$	(846	)		$	14,481
Impairment of property, plant and equipment			18,701				28				18,701				119
Store closure costs			592				185				1,058				185
Legal settlement and related costs			5,254				-				5,254				-
Net change to income tax provision			(11,320	)			(102	)			(11,320	)			(102	)
Net income excluding impairment charges, store closure costs and legal settlement and related costs		$	5,689			$	5,902			$	12,847			$	14,683
Basic net income (loss) per common share:
Net income (loss) as reported		$	(0.31	)		$	0.24			$	(0.03	)		$	0.60
Impairment of property, plant and equipment			0.76				-				0.76				-
Store closure costs			0.03				-				0.04				0.01
Legal settlement and related costs			0.21				-				0.21				-
Net change to income tax provision			(0.46	)			-				(0.46	)			-
Basic net income excluding impairment charges, store closure costs and legal settlement and related costs		$	0.23			$	0.24			$	0.52			$	0.61
Diluted net income (loss) per common share:
Net income (loss) as reported		$	(0.31	)		$	0.24			$	(0.03	)		$	0.60
Impairment of property, plant and equipment			0.75				-				0.75				-
Store closure costs			0.03				-				0.04				0.01
Legal settlement and related costs			0.21				-				0.21				-
Net change to income tax provision			(0.45	)			-				(0.45	)			-
Diluted net income excluding impairment charges, store closure costs and legal settlement and related costs		$	0.23			$	0.24			$	0.52			$	0.61
Basic			24,578				24,123				24,453				24,029
Diluted (1)			24,889				24,286				24,842				24,098

(1)		For the 13 and 39 weeks ended October 3, 2010, stock options have been included in the calculation of non-GAAP net income per diluted share because their effect is no longer antidilutive.

Domino’s Pizza is gearing up to raise “dough” for the kids of St. Jude Children’s Research Hospital during its 7th annual Thanks and Giving campaign.

Starting on Nov. 14, Domino’s customers will have the opportunity to make a donation at the point of purchase to benefit the children of St. Jude. Donations can be made when ordering over the phone, in stores or online at www.dominos.com. Also, new for this year, customers will have the option to text “PIZZA” to 90999 to donate $5 to St. Jude*.

This year, Domino’s is proud to be matching dollar-for-dollar all customer contributions up to $250,000 – making each dollar raised from customers even more impactful.

“I am proud to share that Domino’s has raised more than $7 million since we began participating in the Thanks and Giving campaign in 2005,” said J. Patrick Doyle, Domino’s Pizza president and CEO.  ”This year, in addition to our $250,000 donation, our goal is to raise $2 million for St. Jude to support their breakthrough discoveries and research that lead to lifesaving cures for children and their families around the world.”

In 2010, St. Jude was ranked the most trusted charity in the nation in a public survey conducted by Harris Interactive, as well as named the nation’s No. 1 children’s cancer hospital for 2010-2011 by U.S. News & World Report.  

St. Jude is also the nation’s leading pediatric research and treatment center devoted solely to children with cancer and other catastrophic diseases. No child is ever turned away from St. Jude because of a family’s inability to pay. St. Jude also covers the cost of travel, food, and lodging for each patient and a family member.

“I am so happy that Domino’s is once again a part of the Thanks and Giving family this year,” said Marlo Thomas, National Outreach Director for St. Jude Children’s Research Hospital. “We are so grateful for their ongoing support. Domino’s and their customers’ commitment to St. Jude will help make a difference in the lives of so many children and their moms and dads.”

Since it opened its doors in 1962, St. Jude has developed protocols that have helped push survival rates for childhood cancers from less than 20 percent to 80 percent overall.  In fact, the survival rate for the most common form of childhood cancer, acute lymphoblastic leukemia, has risen from just 4 percent in 1962 to 94 percent today.

The Domino’s campaign begins Nov. 14, 2010, and runs through Jan. 2, 2011.

*$5 will be added to your mobile phone bill / deducted from your prepaid account. Message and Data Rates May Apply. Reply STOP to 90999 to stop. Full Terms: www.mGive.org/T.Privacy Policy.

Customers are encouraged to participate in the Thanks and Giving campaign by:

• Adding a donation during the check-out process while shopping at participating partners where you see the St. Jude Thanks and Giving magnifying glass logo. Visit www.stjude.org for a complete list of participating partners.
• Purchasing specialty merchandise at participating companies to benefit St. Jude.
• Donating online at www.stjude.org, or by calling 1-800-4STJUDE. Also, make a donation in memory or honor of a loved one and send a special Thanks and Giving holiday tribute card.

Noble Roman’s, Inc. (OTCBB:NROM), the Indianapolis based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, has announced results for the quarterly period ended September 30, 2010. Net income from continuing operations was $406,710 or $.02 per share basic and diluted, on weighted average number of common shares outstanding of 19.4 million and diluted weighted average shares of 20.1 million. This compares to net income from continuing operations of $459,535 for the quarterly period ended September 30, 2009, or $.02 per share basic and diluted, on weighted average number of common shares outstanding of 19.4 million, and diluted weighted average shares of 19.9 million. Total revenues for the quarterly period ended September 30, 2010 were $1.9 million compared to total revenues of $1.9 million for the comparable period in 2009. During the quarterly period ended September 30, 2010, the company recorded a loss on discontinued operations in the amount of $935,237 resulting in a net loss for the quarterly period ended September 30, 2010 of $528,527, or $.03 per share basic and diluted.

For the nine-month period ended September 30, 2010, the company reported a net income from continuing operations of $1,133,050, or $.06 per share basic and diluted, on weighted average number of common shares outstanding of 19.4 million and diluted weighted average shares of 20.1 million. This compares to net income from continuing operations of $1,291,529 for the nine-month period ended September 30, 2009, or $.07 per share basic and $.06 per share diluted weighted average number of common shares outstanding of 19.4 million and diluted weighted average shares of 19.9 million. Total revenues for the nine-month period ended September 30, 2010 were $5.4 million compared to $5.7 million for the corresponding period in 2009. During the nine-month period ended September 30, 2010, the company recorded a loss on discontinued operations in the amount of $935,237 resulting in net income for the nine-month period ended September 30, 2010 of $197,813, or $.01 per share basic and diluted.  

In 2008 the company accrued for estimated costs to defend the Heyser lawsuit (the status of which is discussed below) in an amount representing the company’s best forecast at the time. Reviewing the current status of the lawsuit and forecasting estimated additional costs into the future, it was determined that an additional accrual was now required. Additionally, in reviewing accounts receivable, various receivables initiated in 2007 and 2008 and relating to the operations that were discontinued in 2008 were determined to be doubtful of collection and, therefore, charged to loss from discontinued operations.

Total revenue decreased from $1,934,323 to $1,852,897 and from $5,728,946 to $5,440,343 for the three-month and nine-month periods ended September 30, 2010 compared to the corresponding periods in 2009. One-time fees, franchisee fees and equipment commissions decreased from $109,773 to $60,378 and increased from $251,735 to $267,470 during the three-month and nine-month periods ended September 30, 2010 compared to the corresponding periods in 2009. Ongoing royalties and fees decreased from $1,668,457 to $1,651,697 and from $5,025,930 to $4,759,036 for the three-month and nine-month periods ended September 30, 2010 compared to the corresponding period in 2009. Of this decrease, $71,733 and $266,273 resulted from fewer traditional units being in operation during the three-month and nine-month periods in 2010, and $74,704 and $242,922 resulted from a decrease in ongoing royalties and fees from non-traditional units other than grocery stores. These were partially offset by an increase in ongoing royalties and fees from the grocery store take-n-bake additions in the amount of $129,677 and $242,301 for the three-month and nine-month periods in 2010. 

In the third quarter of 2009 the company began offering a take-n-bake version of its pizza as an addition to its menu offerings. The take-n-bake pizza is designed as an add-on component for new and existing convenience store franchisees and as a stand-alone offering for grocery store chains. The company has completed product research and development on five related products to be sold through the grocery stores and expects to begin distributing those products in late November or early December 2010. The five products are pasta sauce, deep-dish lasagna with Italian sausage, grated aged parmesan cheese, cheesy stix and spicy cheese dip. Unlike the company’s take-n-bake pizza which requires on-site assembly by the deli department, these products, except for the spicy cheese dip, arrive at the grocery store fully prepared and ready to display and sell. The products were designed to augment the take-n-bake pizza sales however the company can offer these products to any grocery store and is not limited to only those grocery stores that have signed license agreements since the products do not require any preparation or assembly. Even though the company has no sales experience with these products and the products have no proven market acceptance at this time, the company believes that the revenue generated from these products can potentially be significantly higher than the revenue from the take-n-bake pizza. 

As of November 9, 2010, the company had signed agreements for 413 grocery store locations to operate the take-n-bake pizza program, 248 of which were open. The company anticipates opening most of the remaining locations within the next 30 to 60 days. Many of the grocery store chains that have signed agreements for certain of their grocery store locations to operate the take-n-bake pizza program have indicated their intent to enter into agreements for the remainder of their locations. The company expects to sign several additional units with existing chains and is also in discussions with several other grocery store chains. 

The company previously announced the signing of an agreement with a grocery distribution company which services approximately 1,700 grocery stores in the western United States. This agreement provides for the grocery distributor to stock the company’s proprietary products for distribution to their customers and promote the company’s take-n-bake program to all of their 1,700 customers. To date we have signed agreements with 106 of their customers and are continuing to sign additional units on a regular basis. Recently the company signed a similar agreement with a grocery distribution company in Wisconsin which distributes to approximately 1,000 grocery stores in Wisconsin and surrounding states. The company, along with that distributor, began promoting our propriety products to their customers this week. We are currently in discussions with seven additional grocery distribution companies for similar type agreements. The company’s experience thus far indicates that, if successful in obtaining these agreements, it will further accelerate the company’s growth in grocery stores. 

As previously announced, the company recently redesigned its layout and equipment specifications for convenience stores to lower the initial investment to approximately $15,000 down from the old design of $30,000 without decreasing the revenue potential of the system. This redesign and reduced investment cost has ignited increased interest in this program by convenience stores. 

Earlier this year the company began bidding on military base locations through the Army and Air Force Exchange Service and has been awarded five contracts and has outstanding bids on several other Army/Air Force bases. When awarded a contract, the company locates a franchisee and assigns the contract. A franchise was opened on one of these bases on September 1^st, one is expected to open within two weeks and the other three are expected to open over the next three months.

The company is a Defendant in a lawsuit styled Kari Heyser, Fred Eric Heyser and Meck Enterprises, LLC, et al v. Noble Roman’s, Inc. et al, filed in Superior Court in Hamilton County, Indiana on June 19, 2008 (Cause No. 29D01 0806 PL 739). The Plaintiffs are former franchisees of the Company’s traditional location venue. Originally, the Plaintiffs in this case were Kari and Fred Heyser and Meck Enterprises, LLC, Shawn and Jamie White and Casual Concepts of Texas, LLC, Afifa Abdelmalek and St. Markorios Corporation, Robert and Kathleen Hopkins and Withmere Restaurants, LLC, John and Mariann Dunn and D & G Restaurant, LLC, Jason Clark and Nican Enterprises, LLC, Thomas A. Brintle and Noble Roman’s Mt. Airy 100, LLC, Marikate and Paul Morris and Kapza, Inc., Kim Neal and Mopan Commerce, Inc., and Collett Eugene Harrington and Sazzip, LLC. Since the initiation of this lawsuit, however, Plaintiffs Marikate and Paul Morris and Kapza, Inc. have voluntarily dismissed their claims against the Defendants and the Court has issued an Order finding Plaintiffs Henry and Brenda Villasenor and H&B Villasenor Investments, Inc. in Contempt of Court and has accordingly dismissed with prejudice the claims filed by the Villasenor Plaintiffs in this action. The Defendants in this action originally were the company, certain of the company’s officers, and co-Defendants, CIT Small Business Lending Corporation and PNC Bank. The claims against co-Defendants CIT Small Business Lending Corporation and PNC Bank have since been dismissed with prejudice. 

The Plaintiffs allege that the Defendants fraudulently induced them to purchase franchises for traditional locations through misrepresentations and omissions of material facts regarding the franchises. As relief, the Plaintiffs seek compensatory and punitive damages. In the Complaint, the Plaintiffs that remain in the case claim damages collectively in the amount of $5.1 million. In addition, some claims include punitive damages, court costs and/or prejudgment interest. Discovery was completed July 19, 2010. To date, all of the Plaintiffs remaining in the case have been deposed except the Soltero Plaintiffs. Plaintiffs’ counsel withdrew his representation on behalf of the Soltero Plaintiffs and counsel for Defendants has been unable to locate the Soltero Plaintiffs. Therefore, the Soltero Plaintiffs remain parties to this action and remain unrepresented by counsel.

The company filed a Counter-Claim for Damages against all of the Plaintiffs in the approximate amount of $3.6 million plus attorney’s fees, cost of collection and punitive damages in certain instances.

The company also filed a Motion for Partial Summary Judgment as to several claims in the Complaint, which the Court granted in September, 2009. In February, 2010, counsel for the Plaintiffs filed a Notice of Appeal with the Indiana Court of Appeals as to the Partial Summary Judgment granted by the Court. On August 19, 2010, the Court of Appeals issued a ruling affirming the Judgment of the Trial Court. On September 20, 2010, Plaintiffs filed a Petition for a Rehearing with the Indiana Court of Appeals, which the Court denied on October 25, 2010. 

Defendants have filed Motions for Summary Judgment as to all of the Plaintiffs remaining in the case, based primarily on their deposition testimony and the lack of evidence substantiating the Plaintiffs’ claims.   Plaintiffs filed a consolidated Response to the Motions for Summary Judgment as to ten of the Plaintiff groups. The Soltero Plaintiffs and Heyser Plaintiffs did not file a Response to the Motion for Summary Judgment; therefore, Defendants Motions for Summary Judgment as to those two Plaintiff groups are unopposed. After receiving Plaintiffs’ Consolidated Response to the Motions for Summary Judgment, Defendants filed Reply Briefs in support of their Motions for Summary Judgment against each of the ten Plaintiff groups included in the Response. In the Reply Briefs, Defendants asked the Court to: 1) strike the improperly designated and inadmissible materials including affidavits by each of the Plaintiffs which were in conflict with their sworn testimony; 2) strike their statement of fact section as failing to comply with Indiana Trial Rule 56; 3) strike arguments about other states’ laws as an improper and belated attempt to amend the Complaint; 4) strike Plaintiffs’ choice of law arguments which includes arguments that have already been decided by the trial court and the Indiana Court of Appeals; and 5) enter summary judgment in favor of Defendants. A hearing on Defendants’ Motions for Summary Judgment has been set for November 22, 2010.

The Defendants’ counterclaims against all of the original Plaintiffs are still pending. While the counterclaims against the individuals Paul and Marikate Morris and Kari and Fred Heyser, were stayed due to their bankruptcy filings in their individual capacities, the counterclaims against their corporate entities, Kapza, Inc., and Meck Enterprises LLC, respectively, remain pending as the corporate entities did not file for bankruptcy. Similarly, the counterclaims against the Villasenor Plaintiffs also remain pending and were not affected by the court’s order dismissing that Plaintiff group with prejudice.

Although there can be no assurance regarding the outcome of litigation, the company believes that it has strong and meritorious legal and factual defenses to these claims, viable counter claims against the Plaintiffs and will vigorously defend its interests in this case.

The statements contained in this press release concerning the company’s future revenues, profitability, financial resources, market demand and product development are forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) relating to the company that are based on the beliefs of the management of the company, as well as assumptions and estimates made by and information currently available to the company’s management. The company’s actual results in the future may differ materially from those projected in the forward-looking statements due to risks and uncertainties that exist in the company’s operations and business environment, including, but not limited to, competitive factors and pricing pressures, the current litigation with certain former traditional franchisees, non-renewal of franchise agreements, shifts in market demand, general economic conditions and other factors including, but not limited to, changes in demand for the company’s products or franchises, the success or failure of individual franchisees, the impact of competitors’ actions and changes in prices or supplies of food ingredients and labor as well as the factors discussed under “Risk Factors” in the company’s annual report on Form 10-K for the year-ended December 31, 2009.  Since the company has no previous experience selling its products to retail channels, there can be no assurance that grocers will stock them or that customers will buy them. Should one or more of these risks or uncertainties materialize, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected or intended.

Noble Roman’s, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited)
Assets	December 31,  2009	September 30,  2010
Current assets:
Cash	$ 333,204	$ 238,239
Accounts and notes receivable – net	1,343,500	1,071,925
Inventories	239,006	253,278
Assets held for resale	243,527	243,582
Prepaid expenses	241,852	492,619
Deferred tax asset – current portion	1,050,500	1,050,500
Total current assets	3,451,589	3,350,143
Property and equipment:
Equipment	1,133,312	1,137,843
Leasehold improvements	96,512	96,512
	1,229,824	1,234,355
Less accumulated depreciation and amortization	790,134	841,776
Net property and equipment	439,690	392,579
Deferred tax asset (net of current portion)	10,703,594	10,564,837
Other assets including long-term portion of notes receivable	2,087,644	2,467,025
Total assets	$ 16,682,517	$ 16,774,584
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term note payable	$ 1,500,000	$ 1,500,000
Accounts payable and accrued expenses	434,665	724,145
Current portion of note payable to officer	–	300,000
Total current liabilities	1,934,666	2,524,145
Long-term liabilities:
Note payable to bank (net of current portion)	4,125,000	3,000,000
Note payable to officer (net of current portion)	–	465,821
Total long-term liabilities	4,125,000	3,465,821
Stockholders’ equity:
Common stock – no par value (25,000,000 shares authorized,  19,412,499 issued and outstanding as of December 31, 2009 and  19,419,317 issued and outstanding as of September 30, 2010)	23,074,160	23,103,843
Preferred stock (5,000,000 shares authorized and 20,625 issued and  outstanding as of December 31, 2009 and September 30, 2010)	800,250	800,250
Accumulated deficit	(13,251,559)	(13,119,475)
Total stockholders’ equity	10,622,851	10,784,618
Total liabilities and stockholders’ equity	$ 16,682,517	$ 16,774,584

Noble Roman’s, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited)
	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2009	2010	2009	2010
Royalties and fees	$1,778,230	$1,712,075	$5,277,665	5,026,506
Administrative fees and other	7,818	5,485	45,373	26,193
Restaurant revenue	148,275	135,337	405,908	387,644
Total revenue	1,934,323	1,852,897	5,728,946	5,440,343
Operating expenses:
Salaries and wages	252,048	244,396	795,778	729,912
Trade show expense	77,032	75,463	229,259	226,304
Travel expense	29,927	36,362	108,060	109,365
Other operating expenses	172,268	167,994	564,158	534,552
Restaurant expenses	131,706	131,472	382,531	378,715
Depreciation and amortization	19,557	14,574	59,456	42,792
General and administrative	375,158	394,227	1,097,917	1,204,003
Total expenses	1,057,696	1,064,488	3,237,159	3,225,643
Operating income	876,627	788,409	2,491,787	2,214,700
Interest and other expense	115,682	114,937	353,138	338,478
Income before income taxes from  continuing operations	760,945	673,472	2,138,649	1,876,222
Income tax expense	301,410	266,762	847,120	743,172
Net income from continuing operations	459,535	406,710	1,291,529	1,133,050
Loss from discontinued operations net of  Tax benefit of $604,415 for 2010	–	(935,237)	–	(935,237)
Net income (loss)	459,535	(528,527)	1,291,529	197,813
Cumulative preferred dividends	16,455	24,682	49,364	65,729
Net income (loss) available to common  stockholders	$ 443,080	$ (553,209)	$1,242,165	$ 132,084
Earnings per share – basic:
Net income from continuing operations	$ .02	$ .02	$ .07	$ .06
Net loss from discontinued operations	–	(.05)	–	(.05)
Net income (loss)	.02	(.03)	.07	.01
Net income (loss) available to common  stockholders	$ .02	$ (.03)	$ .06	$ .01
Weighted average number of common shares  outstanding	19,412,499	19,413,092	19,412,499	19,412,699
Diluted earnings per share:
Net income from continuing operations	$ .02	$ .02	$ .06	$ .06
Net loss from discontinued operations	–	(.05)	–	(.05)
Net income (loss)	.02	(.03)	.06	.01
Net income (loss) available to common  stockholders	$ .02	$ (.03)	$ .06	$ .01
Weighted average number of common shares  outstanding	19,922,242	20,112,463	19,922,242	20,112,070

Fantasy Football owners enter Week 10 of the NFL season with emotions ranging from manic to panic, many trying to answer the question: what moves will help me make the playoffs? Papa John’s announced a move of its own today, “acquiring” six-time NFL All-Pro tight end Antonio Gates as the official spokesperson for its “Fantasy to Reality” contest, which so far has surfaced two of five finalists who will compete for bragging rights as the fantasy football league that’s “better than the rest,” and a trip to the 2011 NFL Draft in New York City.

As the competition heats up to fill the three remaining finalists spots, Gates, one of the NFL’s and fantasy football’s perennial best performers, encouraged fantasy footballers to visit www.papajohns.com or Papa John’s Facebook page to participate.

“Most fantasy football team owners I meet think their league is the best, and now they have a chance to prove it,” Gates said. “Roster management – drop/adds, waiver wire transactions and trades – is especially important – and stressful – at this point of the season. Papa John’s search for the fantasy football league that’s better than the rest is a fun competition to take the edge off, and provides even owners who are in the basement a chance to have a fantasy win.”

Today, two fantasy leagues are one step closer to reality and the 2011 NFL Draft. Brent Johnson of Atlanta, Ga. and his league “Excessive Celebration” along with Hunt Meacham of Charlotte, N.C. and his league “The Dude Abides,” received the nod as contenders for the title of the fantasy football league that’s “better than the rest.” Over the next few weeks, three additional leagues will be announced as finalists as registration continues in Papa John’s Fantasy to Reality contest.

Gates is applying his knowledge of the game and fantasy football to the contest, collaborating to develop exchangeable badges that will bring fantasy football competitive banter to Facebook. Gate’s six pack of badges – “Better Smack Talk,” “Over-Thinker Stinker,” “Waiver Wire Wonder,” “Whiner of the Week,” “Monday Night Miracle,” and “All the Right Moves” – will be available at Papa John’s Facebook page beginning today.

The Official Pizza Sponsor of the NFL, Papa John’s search for the fantasy football league that’s better than the rest is considering a mix of fun and serious ingredients that go into forming and sustaining a great league, such as: year established, original owners still participating, location of draft party, food served at league events, league name, quality of trophy, scoring system, and more.

Fantasy footballers can continue to register for the contest by filling out a short questionnaire at www.papajohns.com or at Papa John’s Facebook page. Three additional finalists, for a total of five, will be announced in coming weeks at papajohns.com and Papa John’s Facebook page. From December 1 through 12, an expert panel led by Gates will review each of the finalists while America casts its vote at Papa John’s Facebook page. The winner will be announced the week of December 13, just in time for fantasy football playoffs.

“Antonio certainly provides an All-Pro enhancement to our search for the fantasy football league that’s better than the rest, and we’re thrilled to have him on our team, said Andrew Varga, Papa John’s chief marketing officer. “With Antonio tied for the NFL lead in touchdown catches, I just wish I had him on one of my fantasy football teams.”

Papa John’s is in the first year of a multi-year sponsorship with the NFL and is also the Official Pizza of the Arizona Cardinals, Atlanta Falcons, Baltimore Ravens, Dallas Cowboys, Houston Texans, Indianapolis Colts, Miami Dolphins, New York Giants, New York Jets, Philadelphia Eagles, Seattle Seahawks, St. Louis Rams, Tennessee Titans and Washington Redskins.

Headquartered in Louisville, Kentucky, Papa John’s International, Inc. (NASDAQ: PZZA) is the world’s third largest pizza company. For 10 of the past 11 years, consumers have rated Papa John’s No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John’s also was honored by Restaurants & Institutions Magazine (R&I) with the 2009 Gold Award for Consumers’ Choice in Chains in the pizza segment. Papa John’s is the Official Pizza Sponsor of the National Football League and Super Bowl XLV, XLVI and XLVII. For more information about the company or to order pizza online, visit Papa John’s at www.papajohns.com.

© 2010 NFL Properties LLC. Team names/logos/indicia are trademarks of the teams indicated. All other NFL-related trademarks are trademarks of the National Football League.

‘Tis the season for giving thanks, and this year Pizza Hut is most thankful for its loyal fans. To show appreciation for pizza lovers, Pizza Hut is launching a new deal — for just 10 days, Nov. 11-20, two medium pizzas with up to three toppings are just $6 each.  Pizza fans will be pleased to know that the offer is available for delivery, carryout or dine-in orders.

“At Pizza Hut, we know the best way to show our gratitude to our deserving fans is by giving them an incredible deal on our pizza,” said Brian Niccol, Chief Marketing Officer at Pizza Hut. “This is our way of saying thank you to consumers for making us their favorite pizza.”

To help extend the attitude of gratitude to loyal followers, @pizzahut (twitter.com/pizzahut) will celebrate “The 10 Days of Thanks” on Twitter Nov. 11-20. During “The 10 Days of Thanks,” @PizzaHut will enumerate the 10 reasons why Pizza Hut loves their fans. Followers are advised to be on the lookout for special surprises from @pizzahut during the celebration.

Pizza Hut also wants to let fans know of a special upcoming holiday in honor of all of their favorite pizza toppings — “National Pizza with Everything Except Anchovies Day” on Nov. 12.  Those partaking in festivities can keep in mind that Pizza Hut offers 14 toppings that create endless combinations of deliciousness (toppings vary by region, check with your local Pizza Hut for availability): from pepperoni, ham, pork, beef, Italian sausage, bacon pieces and chicken to mushrooms, green peppers, onions, black olives, diced tomatoes, jalapenos and pineapple.

Pizza Inn, Inc. (Nasdaq:PZZI) today reported net income of $0.1 million, or $0.02 per share, for the fiscal quarter ended September 26, 2010, versus net income of $0.4 million, or $0.05 per share, for the same quarter of the prior fiscal year. Total revenue for the first fiscal quarter of 2011 increased 6.3%, to $10.6 million from $10.0 million in the same period of fiscal 2010.

Highlights for the first quarter of fiscal year 2011 included:

• Comparable domestic buffet restaurant sales decreased 4.2% for the first quarter of fiscal 2011 compared to the same quarter of the prior fiscal year.
• Chain-wide comparable domestic restaurant sales decreased 4.8% for the first quarter of fiscal 2011 compared to the same quarter of the prior fiscal year.
• The Company opened a new Company-owned restaurant during the quarter and acquired a fourth restaurant during the period. By year end, the Company expects to operate five restaurants with the opening of another location in Lewisville, Texas.
• The Company recorded $0.3 million in costs associated with store closure attributable to a change in the estimated useful life of equipment and leasehold improvements resulting from the Company’s decision to close its Plano, Texas store. In the absence of this item, pre-tax income from continuing operations would have been $0.5 million compared to $0.6 million for the same period last year.

Charlie Morrison, President and CEO, commented, “The competitive landscape continues to be challenging, but the year-to-year comparisons of our same store sales have improved for the last two quarters.  We continue to open new, productive franchise locations as well as more company stores and have a pipeline of franchise and company-operated stores slated to open this fiscal year and next. In addition, during the quarter we signed a new 20 year development agreement with one of our three long-term area developers which demonstrates the confidence our franchisees have in the brand.”

Certain statements in this press release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created thereby. These forward-looking statements are based on current expectations that involve numerous risks, uncertainties and assumptions. Assumptions relating to these forward-looking statements involve judgments with respect to, among other things, future economic, competitive and market conditions, regulatory framework and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond Pizza Inn’s control. Although the assumptions underlying these forward-looking statements are believed to be reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such information should not be regarded as a representation that Pizza Inn’s objectives and plans will be achieved. 

Pizza Inn, Inc. (www.pizzainn.com) is an owner, franchisor and supplier of a system of restaurants operating domestically and internationally under the trademark “Pizza Inn.” The Company and its distribution division, Norco Restaurant Services Company, are headquartered in The Colony, Texas. The Company’s common stock is listed on the Nasdaq Capital Market under the symbol “PZZI.”

The Pizza Inn logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4933

PIZZA INN, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)
	Three Months Ended
	September 26,	September 27,
REVENUES:	2010	2009
Food and supply sales	$ 8,702	$ 8,395
Franchise revenue	1,025	1,062
Restaurant sales	905	543
	10,632	10,000
COSTS AND EXPENSES:
Cost of sales	8,704	8,116
Franchise expenses	523	467
General and administrative expenses	835	777
Costs associated with store closure	319	–
Bad debt	15	15
Interest expense	10	14
	10,406	9,389
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES	226	611
Income Taxes	72	206
INCOME FROM CONTINUING OPERATIONS	154	405
Loss from discontinued operations, net of taxes	(25)	(39)
NET INCOME	$ 129	$ 366
EARNINGS PER SHARE OF COMMON STOCK – BASIC:
Income from continuing operations	$ 0.02	$ 0.05
Loss from discontinued operations	–	–
Net income	$ 0.02	$ 0.05
EARNINGS PER SHARE OF COMMON STOCK – DILUTED:
Income from continuing operations	$ 0.02	$ 0.05
Loss from discontinued operations	–	–
Net income	$ 0.02	$ 0.05
Weighted average common shares outstanding – basic	8,011	8,011
Weighted average common and potential dilutive common shares outstanding	8,011	8,011

PIZZA INN, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
	September 26,	June 27,
ASSETS	2010 (unaudited)	2010
CURRENT ASSETS
Cash and cash equivalents	$793	$761
Accounts receivable, less allowance for bad debts of $192 and $178, respectively	2,684	2,678
Income tax receivable	–	184
Inventories	1,565	1,489
Property held for sale	16	16
Deferred income tax assets	723	723
Prepaid expenses and other	356	260
Total current assets	6,137	6,111
LONG-TERM ASSETS
Property, plant and equipment, net	2,289	2,167
Deferred income tax assets	62	48
Deposits and other	116	132
	$8,604	$8,458
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable – trade	$1,496	$1,783
Deferred revenues	340	236
Accrued expenses	1,271	1,360
Bank debt	152	110
Total current liabilities	3,259	3,489
LONG-TERM LIABILITIES
Deferred gain on sale of property	128	134
Deferred revenues	196	207
Bank debt	451	220
Other long-term liabilities	30	27
Total liabilities	4,064	4,077
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Common stock, $.01 par value; authorized 26,000,000 shares; issued 15,130,319 and 15,130,319 shares, respectively; outstanding 8,010,919 and 8,010,919 shares, respectively	151	151
Additional paid-in capital	8,936	8,906
Retained earnings	20,089	19,960
Treasury stock at cost
Shares in treasury: 7,119,400 and 7,119,400, respectively	(24,636)	(24,636)
Total shareholders’ equity	4,540	4,381
	$8,604	$8,458

PIZZA INN, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
	Three Months Ended
	September 26,	September 27,
	2010	2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 129	$ 366
Adjustments to reconcile net income to cash used for operating activities:
Depreciation and amortization	428	72
Stock compensation expense	30	37
Provision for bad debts	14	15
Changes in operating assets and liabilities:
Notes and accounts receivable	165	(122)
Inventories	(76)	12
Accounts payable – trade	(286)	(64)
Accrued expenses	(106)	(43)
Deferred revenue	92	177
Prepaid expenses and other	(86)	(281)
Cash provided by operating activities	304	169
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(545)	(539)
Cash used for investing activities	(545)	(539)
CASH FLOWS FROM FINANCING ACTIVITIES:
Change in line of credit, net	273	24
Cash overdraft	–	163
Cash provided by financing activities	273	187
Net increase (decrease) in cash and cash equivalents	32	(183)
Cash and cash equivalents, beginning of period	761	274
Cash and cash equivalents, end of period	$ 793	$ 91

In honor of its 25th anniversary, the Little Caesars Love Kitchen will once again return to its hometown to provide meals for people in need at the Coalition on Temporary Shelter (COTS) November 9. Little Caesars President & CEO David Scrivano and best-selling author, columnist, and radio and television commentator Mitch Albom will participate in the feeding.

“Little Caesars has always been committed to helping our local communities. For 25 years, we have been providing hot, fresh pizza meals to people who may otherwise go hungry,” said Scrivano. “The Love Kitchen has fed over two million people over the last 25 years and we look forward to continuing to do our part to help people in their time of need.”

Established in 1985, the Little Caesars Love Kitchen is a big-rig pizza kitchen on wheels. It travels across the continental United States and Canada meeting the needs of the hungry, the homeless and disaster victims.

The Little Caesars Love Kitchen has fed people in 48 states and four Canadian provinces. It has also responded to disasters such as the recent floods in North Dakota and Iowa, the hurricanes in the Gulf Coast Area in 2008 and 2005, the site of the World Trade Center attacks on September 11, 2001, and the 1995 Federal Building bombing in Oklahoma City. Established by Little Caesars in 1985, the Love Kitchen exemplifies Little Caesars strong tradition of giving back to America’s communities.

“I’m honored Little Caesars has asked me to join in the celebration of its 25th anniversary by participating in this much needed community event.  Feeding those in need has long been an important issue to me in my own charity work, particularly for the homeless in Detroit.  It’s important that we work together to wipe out hunger, and the Little Caesars Love Kitchen is making enormous strides in that direction.  I look forward to working with the good people of Little Caesars November 9 at COTS,” said Albom.

Former Presidents Bill Clinton and George Bush awarded The President’s Volunteer Action Award Citation to Little Caesars for its volunteers’ contributions to the Love Kitchen.  Little Caesars also received a Presidential Citation for Private Sector Initiatives for the Love Kitchen program under the Reagan administration.  It has received a certificate of appreciation from the State of Michigan and has been recognized by the Detroit City Council for its efforts.  

Local Little Caesars franchise owners and company regional offices donate all food and labor for the Love Kitchen servings. An estimated 50,000 Little Caesars franchise owners and employees have volunteered their time over the years to support the program in their local communities.

“A hot pizza meal can really make a difference for people, and I’m proud to be a part of a company that believes so strongly in supporting its communities, especially right here in the Motor City where the Love Kitchen started,” said David Fox, driver of the Little Caesars Love Kitchen.

Little Caesars’ commitment to giving back is shared by other Ilitch companies and Ilitch Charities. In 2006, Ilitch Charities donated $50,000 to COTS to help build its infant daycare center. Ilitch Charities is a non-profit organization that invests in our community’s future by supporting innovative, collaborative and measurable programs in the areas of community development, human services, education and recreation through contributions from the Ilitch companies, their colleagues and the generosity of others.

NPC International, Inc. (the “Company”), today reported results for its third fiscal quarter ended September 28, 2010.

THIRD QUARTER HIGHLIGHTS:

• Comparable store sales increased 10.9% rolling over a decrease of -12.9% last year.
• Adjusted EBITDA (reconciliation attached) of $22.8MM was $2.8MM or 14% greater than last year.
• Free Cash Flow (reconciliation attached) of $13.7MM was $6.4MM or 88% greater than last year.
• Net income of $3.5MM was $2.2MM or 162% greater than last year.
• Cash balances increased to $41.4MM from $26.8MM last quarter.

YEAR-TO-DATE HIGHLIGHTS:

• Comparable store sales from continuing operations increased 10.5% rolling over a decrease of -10.1% from last year.
• Adjusted EBITDA from continuing operations (reconciliation attached) of $80.9MM increased by $5.5MM or 7% from last year.
• Free Cash Flow (reconciliation attached) of $55.2MM was $22.9MM or 71% greater than last year.
• Income from continuing operations of $18.1MM was $7.4MM or 69% greater than last year.
• Debt has been reduced by $31.3MM and cash balances have increased by $26.8MM from last fiscal year end.
• The Company’s leverage ratio declined to 4.00X Consolidated EBITDA, as defined in our Credit Agreement, from 4.51X at last fiscal year end, compared to our existing maximum leverage covenant of 4.75X. Including the benefit of excess cash balances of $38.1MM, our leverage ratio would have improved to 3.63X.

The Company’s third quarter financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations are set forth in the Company’s Form 10-Q for the fiscal quarter ended September 28, 2010 which can be accessed at www.sec.gov.

NPC’s President and CEO Jim Schwartz said, “We maintained the exceptional sales momentum that we developed in the first half of this year posting comparable store sales growth of 10.9% during our third quarter while migrating away from the $10 Any Pizza promotion.

During the quarter we significantly lowered our menu prices on all of our pizzas with the introduction of our new simplified pricing strategy and our consumers have enthusiastically welcomed the change. This lower and simplified menu pricing strategy leverages off of the key tenets of the $10 Any Pizza promotion – tremendous value and a simple pricing message. In addition, during the third quarter we once again brought hallmark Pizza Hut innovation to the category with the introduction of the Big Italy Pizza, which was well received and exceeded our product mix expectations.

Our margins benefited from the transition to simplified pricing and continued excellent operational controls as exhibited by our sequentially lower cost of sales as compared to the first half of the year and lower year-over-year direct labor and other restaurant operating expenses.

We are pleased to report that our free cash flow generation has remained strong during the first three quarters of fiscal 2010 at $55.2 million, an increase of $22.9 million or 71% over last year. As a result, we have increased our cash balances by $26.8 million from last fiscal year end while reducing debt by $31.3 million and improving our leverage ratio from 4.51X to 4.00X. Including the benefit of our excess cash balances, our leverage position at the end of the third quarter would have been 3.63X.

The pizza segment continues to lead the restaurant category in transaction growth due to the category’s firm commitment to value and unique positioning with the consumer. At NPC, we are excited about the balance of 2010 and fiscal 2011 due to the continuing momentum from our simplified pricing strategy, which is providing us an improved balance of value to the consumer and sustainable margins that results in a true win-win for our brand and the consumer.”

CONFERENCE CALL INFORMATION:

The Company’s third quarter earnings conference call will be held Tuesday, November 9, 2010 at 10:30 a.m. CST. You can access this call by dialing 866-362-4829. The international number is 617-597-5346. The access code for the call is 10956013.

Go to www.npcinternational.com and click on the Thomson Financial logo in the investor information section or go to www.earnings.com.

For those unable to participate live, a replay of the call will be available until November 16, 2010 by dialing 888-286-8010 or by dialing international at 617-801-6888. The access code for the replay is 61343350.

A replay of the call will also be available at the Company’s website at www.npcinternational.com.

NPC International, Inc. is the world’s largest Pizza Hut franchisee and currently operates 1,143 Pizza Hut restaurants and delivery units in 28 states.

For more complete information regarding the Company’s financial position and results of operations, investors are encouraged to review the Company’s quarterly financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations, incorporated into the Company’s Form 10-Q which can be accessed at www.sec.gov.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

Certain statements contained in this news release that do not relate to historical or current facts constitute forward-looking statements. These include statements regarding our plans and expectations. Forward-looking statements are subject to inherent risks and uncertainties and there can be no assurance that such statements will prove to be correct. NPC’s actual results may vary materially from those anticipated in such forward-looking statements as a result of a number of factors, including lower than anticipated consumer discretionary spending; continued deterioration in general economic conditions; competition in the quick service restaurant market; adverse changes in food, labor and other costs; price inflation or deflation; and other factors. These risks and other risks are described in NPC’s filings with the Securities and Exchange Commission, including NPC’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings may be obtained by contacting NPC. All forward-looking statements made in this news release are made as of the date hereof. NPC does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances. Investors are cautioned not to place undue reliance on any forward-looking statements.

NPC INTERNATIONAL, INC. Consolidated Statements of Income (Dollars in thousands) (Unaudited)
		13 Weeks								13 Weeks
		Ended								Ended
		Sept. 28, 2010								Sept. 29, 2009
Net product sales		$	226,748			100.0	%			$	205,107			100.0	%
Fees and other income (1)			10,419			4.6	%				8,847			4.3	%
Total sales			237,167			104.6	%				213,954			104.3	%
Comparable store sales (net product sales only)			10.9	%							-12.9	%
Cost of sales (2)			65,879			29.1	%				53,855			26.3	%
Direct labor (3)			69,255			30.5	%				65,273			31.8	%
Other restaurant operating expenses (4)			76,381			33.7	%				73,442			35.8	%
General and administrative expenses			11,884			5.2	%				11,901			5.8	%
Corporate depreciation and amortization of intangibles			2,894			1.3	%				2,955			1.4	%
Other			329			0.1	%				718			0.4	%
Total costs and expenses			226,622			99.9	%				208,144			101.5	%
Operating income			10,545			4.7	%				5,810			2.8	%
Interest expense (5)			(7,278	)		-3.2	%				(7,695	)		-3.8	%
Income (loss) before income taxes			3,267			1.5	%				(1,885	)		-1.0	%
Income tax benefit			(222	)		0.0	%				(3,215	)		-1.6	%
Net income		$	3,489			1.5	%			$	1,330			0.6	%
Percentages are shown as a percent of net product sales.
Capital Expenditures		$	5,241							$	4,771
Cash Rent Expense		$	12,499							$	12,398

⁽¹⁾ Fees and other income increased due to increased delivery transactions.
⁽²⁾ Cost of sales, as a percentage of net product sales, increased primarily due to lower net pricing and product mix changes realized from promotional activity during the quarter and higher ingredient costs, primarily meat and cheese.
⁽³⁾ Direct labor, as a percentage of net product sales, decreased largely due to the benefit of sales leverage on fixed and semi-fixed costs and favorable claims experience reducing health insurance costs for the quarter.
⁽⁴⁾ Other restaurant operating expenses, as a percentage of net product sales, decreased largely due to the benefit of sales leverage on fixed and semi-fixed costs, primarily depreciation and occupancy costs.
⁽⁵⁾ Interest expense declined primarily due to lower average debt levels than the prior year.

Note: The explanations above are abbreviated disclosures. For complete disclosure see Management’s Discussion and Analysis in our Form 10-Q filed with the SEC.

NPC INTERNATIONAL, INC. Consolidated Statements of Income (Dollars in thousands) (Unaudited)
		39 Weeks								39 Weeks
		Ended								Ended
		Sept. 28, 2010								Sept. 29, 2009
Net product sales		$	715,332			100.0	%			$	641,803			100.0	%
Fees and other income (1)			33,087			4.6	%				28,305			4.4	%
Total sales			748,419			104.6	%				670,108			104.4	%
Comparable store sales (net product sales only)			10.5	%							-10.1	%
Cost of sales (2)			213,769			29.9	%				170,806			26.6	%
Direct labor (3)			214,929			30.0	%				197,002			30.7	%
Other restaurant operating expenses (4)			228,950			32.0	%				221,405			34.5	%
General and administrative expenses			36,328			5.1	%				36,671			5.7	%
Corporate depreciation and amortization of intangibles			8,570			1.2	%				8,810			1.4	%
Other			1,115			0.2	%				1,483			0.2	%
Total costs and expenses			703,661			98.4	%				636,177			99.1	%
Operating income			44,758			6.2	%				33,931			5.3	%
Interest expense (5)			(22,152	)		-3.1	%				(23,438	)		-3.7	%
Income before income taxes			22,606			3.1	%				10,493			1.6	%
Income tax expense (benefit)			4,537			0.6	%				(216	)		-0.1	%
Income from continuing operations			18,069			2.5	%				10,709			1.7	%
Loss from discontinued operations			-			0.0	%				(59	)		0.0	%
Net income		$	18,069			2.5	%			$	10,650			1.7	%
Percentages are shown as a percent of net product sales.
Capital Expenditures		$	13,884							$	19,526
Cash Rent Expense		$	38,037							$	37,348

⁽¹⁾ Fees and other income increased due to increased delivery transactions.
⁽²⁾ Cost of sales, as a percentage of net product sales, increased year-to-date primarily due to lower net pricing and product mix changes associated with the $10 Any Pizza promotion as well as higher ingredient costs, primarily meat.
⁽³⁾ Direct labor, as a percentage of net product sales, decreased largely due to the benefit of sales leverage on fixed and semi-fixed costs, which more than offset the increased average wage rates related to the July 2009 minimum wage increase.
⁽⁴⁾ Other restaurant operating expenses, as a percentage of net product sales, decreased largely due to the benefit of sales leverage on fixed and semi-fixed costs, primarily depreciation and occupancy costs.
⁽⁵⁾ Interest expense declined primarily due to lower average debt levels than the prior year.

Note: The explanations above are abbreviated disclosures. For complete disclosure see Management’s Discussion and Analysis in our Form 10-Q filed with the SEC.

NPC INTERNATIONAL, INC.
Condensed Consolidated Balance Sheets
(Dollars in thousands)
(Unaudited)
		September 28, 2010				December 29, 2009
Assets
Current assets:
Cash and cash equivalents		$	41,446			$	14,669
Other current assets			20,249				22,845
Total current assets			61,695				37,514
Facilities and equipment, net			148,269				164,413
Franchise rights, net			401,624				408,714
Other noncurrent assets			216,888				218,683
Total assets		$	828,476			$	829,324
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of debt		$	1,190			$	31,340
Other current liabilities			85,985				74,412
Total current liabilities			87,175				105,752
Long-term debt, less current portion			401,180				402,370
Other noncurrent liabilities			161,875				162,627
Total liabilities			650,230				670,749
Stockholders’ equity			178,246				158,575
Total liabilities and stockholders’ equity		$	828,476			$	829,324

NPC INTERNATIONAL, INC.
Condensed Consolidated Statements of Cash Flows
(Dollars in thousands) (Unaudited)
		39 Weeks Ended
		Sept. 28, 2010					Sept. 29, 2009
Operating activities
Net income		$	18,069				$	10,650
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization			34,217					39,077
Amortization of debt issue costs			1,930					1,515
Deferred income taxes			2,634					(30	)
Other adjustments			1,133					1,011
Changes in assets and liabilities, excluding acquisitions:
Assets			(320	)				1,407
Liabilities			11,371					(1,832	)
Net cash provided by operating activities			69,034					51,798
Investing activities
Capital expenditures			(13,884	)				(19,526	)
Net proceeds from sale of units			-					19,463
Purchase of business assets, net of cash acquired			-					(32,798	)
Proceeds from sale or disposition of assets			2,102					660
Net cash used in investing activities			(11,782	)				(32,201	)
Financing activities
Net payments under revolving credit facility			-					(3,000	)
Payments on term bank facilities			(31,340	)				(17,094	)
Proceeds from sale-leaseback transactions			865					6,402
Other			-					(796	)
Net cash (used in) provided by financing activities			(30,475	)				(14,488	)
Net change in cash and cash equivalents			26,777					5,109
Beginning cash and cash equivalents			14,669					5,327
Ending cash and cash equivalents		$	41,446				$	10,436

NPC INTERNATIONAL, INC. Reconciliation of Non-GAAP Financial Measures (in thousands) (Unaudited)
		13 Weeks Ended											39 Weeks Ended
		Sept. 28, 2010				Sept. 29, 2009							Sept. 28, 2010				Sept. 29, 2009
Adjusted EBITDA:
Net income from continuing operations		$	3,489			$	1,330						$	18,069			$	10,709
Adjustments:
Interest expense			7,278				7,695							22,152				23,438
Income tax (benefit) expense			(222	)			(3,215	)						4,537				(216	)
Depreciation and amortization			11,694				13,082							34,217				39,067
Net facility impairment charges			339				696							1,183				947
Pre-opening expenses and other			267				425							775				1,511
Adjusted EBITDA from continuing operations			22,845				20,013							80,933				75,456
Adjusted EBITDA from discontinued operations			-				-							-				142
Adjusted EBITDA (1)		$	22,845			$	20,013						$	80,933			$	75,598
Free Cash Flow:
Net cash provided by operating activities		$	18,961			$	12,067						$	69,034			$	51,798
Less:
Capital expenditures			(5,241	)			(4,771	)						(13,884	)			(19,526	)
Free Cash Flow (2)		$	13,720			$	7,296						$	55,150			$	32,272

Unit Count Activity
		39 Weeks Ended
		Sept. 28, 2010				Sept. 29, 2009
Beginning of period		1,149				1,098
Developed		1				4
Acquired		-				105
Closed		(7	)			(13	)
Sold		-				(42	)
End of period		1,143				1,152
Equivalent units, continuing operations(3)		1,145				1,145

⁽¹⁾ The Company defines Adjusted EBITDA as consolidated net income plus interest, income taxes, depreciation and amortization, facility impairment charges and pre-opening expenses. The Company has substantial interest expense relating to the financing of the acquisition of us in 2006 and substantial depreciation and amortization expense relating to the acquisition of us in 2006 and to our acquisition of units in recent years. Management believes the elimination of these items, as well as taxes, pre-opening and other expenses and facility impairment charges give investors useful information to compare the performance of our core operations over different periods. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles. Adjusted EBITDA has limitations as an analytical tool, and should not be considered in isolation from, or as a substitute for analysis of, the Company’s financial information reported under generally accepted accounting principles. Adjusted EBITDA, as defined above, may not be similar to EBITDA measures of other companies. The Company has included Adjusted EBITDA as a supplemental disclosure because management believes that Adjusted EBITDA provides investors a helpful measure for comparing the Company’s operating performance with the performance of other companies that have different financing and capital structures or tax rates.

⁽²⁾ The Company defines Free Cash Flow as cash flows from operations less capital expenditures. Management believes that the free cash flow measure is important to investors to provide a measure of how much cash flow is available, after current changes in working capital and acquisition of property and equipment, to be used for working capital needs or for strategic opportunities, including servicing debt, making acquisitions, and making investments in the business. It should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures.

⁽³⁾ Equivalent units represent the number of units open at the beginning of a given period, adjusted for units opened, closed, acquired or sold during the period on a weighted average basis.

California Pizza Kitchen, Inc. (CPK) (NASDAQ: CPKI), home of the Original BBQ Chicken Pizza and other innovative hearth-baked pizzas, made-to-order pastas, creative salads, appetizers, soups, sandwiches and desserts, announced today that Houston, TX resident Shirley Pope, has won the $100,000 online sweepstakes as part of the restaurant chain’s nationwide Thank You Card program, which kicked-off in late July. Pope is a frequent CPK customer who entered to win the $100,000 online sweepstakes seven times during the promotion.

Earlier this year CPK gave out 2.7 million Thank You Cards to customers dining at their full service restaurants across the nation. Each party received a sealed envelope with their guest check containing a guaranteed prize, ranging from 10 percent off a meal to $25,000. This year, CPK also held the $100,000 online sweepstakes, giving customers an opportunity to win twice. Customers entered the online drawing at www.cpk.com/thankyou or on their mobile phone by entering the unique code they received from the inside of the envelope that was opened at the restaurant. Other Thank You Card program prizes ranged from CPK frozen pizza for a year to a $1,000 shopping spree.

“This was the largest award CPK has ever offered,” said Rick Rosenfield and Larry Flax, co-founders and co-CEOs of California Pizza Kitchen. “We are grateful to our loyal customers and our Thank You Card program was our way of saying thank you for their years of support.”

For complete program details and official contest rules, please visit www.cpk.com.

CEC Entertainment, Inc. (NYSE: CEC) today announced its financial results for the third quarter ended October 3, 2010. Total quarterly revenues increased 4.7% to $207.1 million during the third quarter of 2010 from total quarterly revenues of $197.8 million in the third quarter of 2009. Third quarter 2010 comparable store sales on a same calendar week basis (comparing weeks 27 through 39 of fiscal year 2010 to weeks 28 through 40 of fiscal year 2009) increased 3.8%.

Despite the increase in total quarterly revenues and comparable store sales, net income for the third quarter of 2010 decreased slightly to $12.6 million compared to net income of $12.7 million in the third quarter of 2009. The decline in net income reflects unfavorable items recorded during the third quarter of 2010 totaling approximately $1.1 million net of tax, or a $0.05 impact on diluted earnings per share, including asset impairment charges for three store locations and soft drink supplier transition costs. Diluted earnings per share increased to $0.60 for the third quarter of 2010, compared to $0.55 in the third quarter of 2009. Diluted earnings per share for the third quarter of 2010 benefited by the Company’s repurchase of approximately 3.0 million shares of its common stock since the beginning of the third quarter of 2009.

For the first nine months of 2010, total revenues increased 0.6% to $634.5 million compared to total revenues of $630.7 million in the first nine months of 2009. Comparable store sales for the first nine months of 2010 on a same calendar week basis (comparing weeks 1 through 39 of fiscal year 2010 to weeks 2 through 40 of fiscal year 2009) increased 0.8%. Total reported revenues for the first nine months of 2010 were unfavorably impacted by one additional operating week in the Company’s 2009 fiscal year which caused the seasonally strong first week of the 2010 calendar year to shift into the fourth fiscal quarter of 2009 instead of in the first fiscal quarter of 2010.

Net income for the first nine months of 2010 was $51.2 million compared to net income of $55.8 million in the first nine months of 2009. Diluted earnings per share decreased to $2.38 for the first nine months of 2010, compared to $2.42 in the first nine months of 2009, and was unfavorably impacted by a $0.13 per share tax adjustment recorded during the second quarter of 2010 and the unfavorable adjustments recorded during the third quarter of 2010. Additionally, diluted earnings per share was impacted by the Company’s repurchase of approximately 3.7 million shares of its common stock since the beginning of the first quarter of 2009.

Michael Magusiak, President and Chief Executive Officer, stated that, “Our third quarter financial performance including comparable store sales, operating margins and cash flow from operations reflects the strength of our industry-leading brand and the quality implementation of our strategies. During the first three quarters of this year we generated approximately $138 million of operating cash flow. We utilized $71 million for capital expenditures to add four additional stores and enhance 157 existing stores in the form of store expansions, major remodels and game enhancements. Additionally, during this same time period, we repurchased 1.9 million shares of our common stock, representing approximately 9% of diluted shares outstanding, for $67 million.

The strength and resiliency of our brand is also very evident over a longer time horizon. Despite economic headwinds as indicated by high unemployment over the past two years and three quarters, our cash flow has enabled us to materially enhance our restaurant/entertainment product and return a significant amount of capital to shareholders in the form of share repurchases. During 2008, 2009 and the first three quarters of 2010 we have added 14 new company stores and enhanced over 450 stores in the form of store expansions, major remodels and game enhancements. Additionally, over this same time period, we repurchased approximately 8.6 million shares of our stock representing approximately 37% of the average diluted shares outstanding over the repurchase period. We believe that our aggressive capital plan with our other sales strategies and significant share repurchases will enhance long-term shareholder value.”

Mr. Magusiak also stated, “I appreciate the hard work of our operators and support center employees and look forward to the growth of our concept both domestically and internationally.”

Business Outlook:

Based on its current estimates, the Company is projecting fourth quarter 2010 diluted earnings per share to be in a range of $0.17 to $0.19. This guidance incorporates the following assumptions for the fourth quarter of 2010:

• comparable store sales on a calendar week basis, up 2.0% to 3.0%;
• six to eight additional Company-owned stores, including one or two franchise acquisitions, and one relocation;
• average cheddar block prices in a range of $1.65 to $1.70 per pound;
• depreciation and rent expense will each grow approximately 4% from prior year quarter;
• advertising expense as a percentage of total revenues will decrease approximately 0.3 percentage points;
• effective tax rate of approximately 38.2%;
• capital expenditures will range from $32.0 million to $34.0 million;
• intent to repurchase Company common stock on an opportunistic basis.

In addition, the Company is projecting fiscal year 2011 diluted earnings per share to be in a range of $2.93 to $3.03. This guidance considers total capital expenditures ranging from $93.0 million to $97.0 million, impacting approximately 200 stores and the addition of approximately six to eight Company-owned stores.

Third Quarter 2010 Conference Call:

The Company will host a conference call Thursday, November 4, 2010, at 3:30 p.m. Central Time to discuss its third quarter 2010 financial results and outlook for the fourth quarter of 2010 and fiscal year 2011. A live webcast of the call (listen only) can be accessed through the Company’s website, www.chuckecheese.com. Shortly after its conclusion, a replay of the call will be available on the website through Friday, December 24, 2010.

Non-GAAP Financial Measures:

The Company reports and discusses its operating results using financial measures consistent with generally accepted accounting principles (“GAAP”). From time to time in the course of financial presentations, earnings conference calls or otherwise, the Company may disclose certain non-GAAP financial measures such as Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”) and Free Cash Flow. The non-GAAP financial measures presented in this earnings release should not be viewed as alternatives or substitutes for the Company’s reported GAAP results.

The Company believes that EBITDA provides useful information to the Company, investors and other interested parties about the Company’s operating performance, its capacity to incur and service debt, fund capital expenditures and other corporate uses. A reconciliation of the most directly comparable GAAP financial measure to EBITDA is set forth in a table accompanying this release. EBITDA as defined herein may differ from similarly titled measures presented by other companies.

The Company believes that Free Cash Flow provides useful information to the Company, investors and other interested parties about the amount of cash generated by the business that, after the acquisition of property and equipment, can be used for other strategic opportunities, including servicing debt, funding additional capital expenditures and making investments in the business. It should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures. A reconciliation of the most directly comparable GAAP financial measure to Free Cash Flow is set forth in a table accompanying this release. Free Cash Flow as defined herein may differ from similarly titled measures presented by other companies.

About CEC Entertainment, Inc.:

Celebrating over 30 years of success as a place Where a Kid can be a Kid®, CEC Entertainment, Inc. is a nationally recognized leader in family dining and entertainment. Chuck E. Cheese’s stores feature musical and comic entertainment by robotic and animated characters, arcade-style and skill oriented games, video games, rides and other activities intended to appeal to families with children between the ages of two and 12 and offers a variety of pizzas, sandwiches, appetizers, a salad bar and desserts. The Company and its franchisees operate a system of 546 Chuck E. Cheese’s stores located in 48 states (excluding Wyoming and Vermont) and six foreign countries or territories. Currently, 500 locations in the United States and Canada are owned and operated by the Company. For more information, see the Company’s website at www.chuckecheese.com.

Forward-Looking Statements:

Certain statements in this press release, other than historical information, may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, and are subject to various risks, uncertainties and assumptions. Statements that are not historical in nature, and which may be identified by the use of words such as “may,” “should,” “could,” “believe,” “predict,” “potential,” “continue,” “plan,” “intend,” “expect,” “anticipate,” “future,” “project,” “estimate” and similar expressions (or the negative of such expressions) are forward-looking statements. Forward-looking statements are made based on management’s current expectations and beliefs concerning future events and, therefore, involve a number of assumptions, risks and uncertainties, including the risk factors described in Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended January 3, 2010. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ from those anticipated, estimated or expected.

Factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to:

• Changes in consumer discretionary spending and general economic conditions;
• Disruptions in the financial markets affecting the availability and cost of credit and our ability to maintain adequate insurance coverage;
• Our ability to successfully implement our business development strategies;
• Costs incurred in connection with our business development strategies;
• Competition in both the restaurant and entertainment industries;
• Loss of certain key personnel;
• Increases in food, labor and other operating costs;
• Changes in consumers’ health, nutrition and dietary preferences;
• Negative publicity concerning food quality, health, safety and other issues;
• Continued existence or occurrence of certain public health issues;
• Disruption of our commodity distribution system;
• Our dependence on a few global providers for the procurement of games and rides;
• Adverse affects of local conditions, events and natural disasters;
• Fluctuations in our quarterly results of operations due to seasonality;
• Conditions in foreign markets;
• Risks in connection with owning and leasing real estate;
• Our ability to adequately protect our trademarks or other proprietary rights;
• Government regulations, litigation, product liability claims and product recalls;
• Disruptions of our information technology systems;
• Application of and changes in generally accepted accounting principles; and
• Failure to establish, maintain and apply adequate internal control over financial reporting.

The forward-looking statements made in this press release relate only to events as of the date on which the statements were made. Except as may be required by law, the Company undertakes no obligation to update its forward-looking statements to reflect events and circumstances after the date on which the statements were made or to reflect the occurrence of unanticipated events.

CEC ENTERTAINMENT, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (in thousands, except per share amounts)
		Three Months Ended												Nine Months Ended
		October 3,						September 27,						October 3,						September 27,
		2010						2009						2010						2009
REVENUES
Food and beverage sales		$	99,452		48.0	%		$	95,060		48.1	%		$	309,532		48.8	%		$	314,662		49.9	%
Entertainment and merchandise sales			106,747		51.5	%			101,860		51.5	%			321,996		50.8	%			313,117		49.6	%
Company store sales			206,199		99.5	%			196,920		99.5	%			631,528		99.5	%			627,779		99.5	%
Franchise fees and royalties			945		0.5	%			898		0.5	%			2,929		0.5	%			2,967		0.5	%
Total revenues			207,144		100.0	%			197,818		100.0	%			634,457		100.0	%			630,746		100.0	%
OPERATING COSTS AND EXPENSES
Company store operating costs:
Cost of food and beverage (exclusive of items shown separately below) (1)			22,143		22.3	%			21,868		23.0	%			69,729		22.5	%			69,626		22.1	%
Cost of entertainment and merchandise (exclusive of items shown separately below) (2)			8,906		8.3	%			8,947		8.8	%			26,692		8.3	%			28,071		9.0	%
Cost of food, beverage, entertainment and merchandise(3)			31,049		15.1	%			30,815		15.6	%			96,421		15.3	%			97,697		15.6	%
Labor expenses (3)			55,740		27.0	%			54,593		27.7	%			168,112		26.6	%			167,538		26.7	%
Depreciation and amortization (3)			19,903		9.7	%			19,232		9.8	%			59,345		9.4	%			57,186		9.1	%
Rent expense (3)			17,719		8.6	%			17,010		8.6	%			52,645		8.3	%			50,643		8.1	%
Other store operating expenses (3)			36,025		17.5	%			32,226		16.4	%			96,757		15.3	%			92,635		14.8	%
Total Company store operating costs (3)			160,436		77.8	%			153,876		78.1	%			473,280		74.9	%			465,699		74.2	%
Advertising expense			9,870		4.8	%			9,179		4.6	%			27,292		4.3	%			27,860		4.4	%
General and administrative expenses			12,176		5.9	%			11,328		5.7	%			37,297		5.9	%			37,583		6.0	%
Asset Impairments			936		0.5	%			-		0.0	%			936		0.1	%			-		0.0	%
Total operating costs and expenses			183,418		88.5	%			174,383		88.2	%			538,805		84.9	%			531,142		84.2	%
Operating income			23,726		11.5	%			23,435		11.8	%			95,652		15.1	%			99,604		15.8	%
Interest expense			2,951		1.4	%			2,769		1.4	%			9,063		1.4	%			8,938		1.4	%
Income before income taxes			20,775		10.0	%			20,666		10.4	%			86,589		13.6	%			90,666		14.4	%
Income taxes			8,194		4.0	%			7,955		4.0	%			35,368		5.6	%			34,909		5.5	%
Net income		$	12,581		6.1	%		$	12,711		6.4	%		$	51,221		8.1	%		$	55,757		8.8	%
Earnings per share:
Basic		$	0.60					$	0.55					$	2.38					$	2.43
Diluted		$	0.60					$	0.55					$	2.38					$	2.42
Weighted average shares outstanding:
Basic			20,844						22,971						21,488						22,949
Diluted			20,877						23,021						21,525						23,080

Percentages are expressed as a percent of total revenues (except as otherwise noted).
(1)		Percent amount expressed as a percentage of food and beverage sales.
(2)		Percent amount expressed as a percentage of entertainment and merchandise sales.
(3)		Percentage amount expressed as a percentage of Company store sales.
Due to rounding, percentages presented in the table above may not add. The percentage amounts for the components of cost of food, beverage, entertainment and merchandise do not sum due to the fact that cost of food and beverage and cost of entertainment and merchandise are expressed as a percentage of related food and beverage and entertainment and merchandise sales, as opposed to total Company store sales.

CEC ENTERTAINMENT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands)
		October 3,			January 3,
		2010			2010
ASSETS
Current assets:
Cash and cash equivalents		$	18,733		$	17,361
Other current assets			50,797			62,354
Total current assets			69,530			79,715
Property and equipment, net			669,856			662,747
Other noncurrent assets			6,673			1,804
Total assets		$	746,059		$	744,266
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of debt		$	935		$	881
Other current liabilities			86,944			79,858
Total current liabilities			87,879			80,739
Debt, less current portion			366,438			364,929
Other noncurrent liabilities			130,692			130,685
Total liabilities			585,009			576,353
Stockholders’ equity			161,050			167,913
Total liabilities and stockholders’ equity		$	746,059		$	744,266

CEC ENTERTAINMENT, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in thousands)
		Nine Months Ended
		October 3,				September 27,
		2010				2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$	51,221			$	55,757
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			60,013				57,859
Deferred income taxes			(2,220	)			8,628
Stock-based compensation expense			5,511				5,974
Other adjustments			1,800				825
Changes in operating assets and liabilities:
Operating assets			5,966				8,210
Operating liabilities			15,499				(9,822	)
Net cash provided by operating activities			137,790				127,431
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment			(70,685	)			(51,167	)
Other investing activities			(2,451	)			119
Net cash used in investing activities			(73,136	)			(51,048	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from (payments on) revolving credit facility			2,200				(62,250	)
Exercise of stock options			4,737				18,282
Payment of taxes for returned restricted shares			(2,757	)			(1,364	)
Treasury stock acquired			(67,441	)			(33,571	)
Other financing activities			(35	)			1,435
Net cash used in financing activities			(63,296	)			(77,468	)
Effect of foreign exchange rate changes on cash			14				(645	)
Change in cash and cash equivalents			1,372				(1,730	)
Cash and cash equivalents at beginning of period			17,361				17,769
Cash and cash equivalents at end of period		$	18,733			$	16,039

CEC ENTERTAINMENT, INC. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (in thousands)
The following tables set forth a reconciliation of net income to EBITDA and EBITDA expressed as a percentage of total revenues for the periods shown:
		2009				2008				2007				2006				2005
		(Unaudited)
Revenues		$	818,346			$	814,509			$	785,322			$	772,553			$	726,169
Net income		$	61,194			$	56,494			$	55,921			$	68,257			$	69,671
Add:
Income taxes			37,754				34,137				35,453				43,120				43,110
Interest expense			12,017				17,389				13,170				9,508				4,532
Depreciation and amortization			78,071				75,445				71,919				65,392				61,310
EBITDA		$	189,036			$	183,465			$	176,463			$	186,277			$	178,623
EBITDA as a percent of revenues			23.1	%			22.5	%			22.5	%			24.1	%			24.6	%

		Nine
		Months Ended
		October 3,
		2010
		(Unaudited)
Revenues		$	634,457
Net income		$	51,221
Add:
Income taxes			35,368
Interest expense			9,063
Depreciation and amortization			60,013
EBITDA		$	155,665
EBITDA as a percent of revenues			24.5	%

The Company believes that EBITDA provides useful information to the Company, investors and other interested parties about the Company’s operating performance, its capacity to incur and service debt, fund capital expenditures and other corporate uses.

EBITDA, a non-GAAP financial measure, is defined by the Company as net income before income taxes, interest expense and depreciation and amortization. The non-GAAP financial measure presented in the table above should not be viewed as an alternative or substitute for the Company’s reported GAAP results. EBITDA as defined herein may differ from similarly titled measures presented by other companies.

The following table sets forth a reconciliation of cash provided by operating activities to Free Cash Flow for the periods shown:

		Three Months Ended						Nine Months Ended
		October 3,			September 27,			October 3,			September 27,
		2010			2009			2010			2009
		(Unaudited)						(Unaudited)
Cash provided by operating activities		$	36,872		$	35,803		$	137,790		$	127,431
Less:
Capital expenditures			27,611			18,177			70,685			51,167
Free Cash Flow		$	9,261		$	17,626		$	67,105		$	76,264

Free Cash Flow, a non-GAAP financial measure, is defined by the Company as cash provided by operating activities less capital expenditures.

The Company believes that Free Cash Flow provides useful information to the Company, investors and other interested parties about the amount of cash generated by the business that, after the acquisition of property and equipment, can be used for other strategic opportunities, including servicing debt, funding additional capital expenditures and making investments in the business. It should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures. The non-GAAP financial measure presented in the table above should not be viewed as an alternative or substitute for the Company’s reported GAAP results. Free Cash Flow as defined herein may differ from similarly titled measures presented by other companies.

CEC ENTERTAINMENT, INC. STORE COUNT INFORMATION
		Three Months Ended						Nine Months Ended
		October 3,			September 27,			October 3,			September 27,
		2010			2009			2010			2009
Number of Company-owned stores:
Beginning of period		498			496			497			495
New		1			-			1			1
Acquired from franchisees		2			-			3			-
Closed		(1	)		(1	)		(1	)		(1	)
End of period		500			495			500			495
Number of franchised stores:
Beginning of period		48			48			48			46
New		-			-			1			2
Acquired by the Company		(2	)		-			(3	)		-
Closed		-			-			-			-
End of period		46			48			46			48

Domino’s Pizza will celebrate the opening of its first store in the Charlottenburg district of Berlin this Saturday, marking its entry into the German market. The company has chosen Germany for a rapid expansion plan based on the country’s growing market for pizza delivery. The company is a leader in this segment with over 9,000 franchised and company-owned stores in more than 60 countries. Germany Trade & Invest and Berlin Partner supported Domino’s Pizza with its investment plans.

Domino’s Pizza has chosen Berlin for several initial locations, which will be followed by expansion through franchising across the country. This rapid growth plan is facilitated by a Master Franchise Agreement with Birgir Thor Bieltvedt, who will oversee the opening in Berlin and expansion across the country.

Birgir Thor Bieltvedt, Managing Partner of the new Master Franchise of Domino’s Pizza in Germany: “Germany is an ideal location for our expansion plans. With a large customer base that values convenience and quality, Germany provides the right conditions for our business to succeed.”

With the largest market in Europe, Germany is an attractive location for international foodservice operators. In 2009, revenues in the profit foodservice industry reached EUR 33.7 billion and showed stable growth rates in many industry segments, including quick service restaurants. Since 2008, Domino’s Pizza has been assisted by Germany Trade & Invest’s team of industry experts with its plans to enter the German market. The organization conducted market research and assisted in finding cooperation partners and qualified personnel. Berlin Partner GmbH, Berlin’s economic development agency, also supported Domino’s Pizza in the site selection and recruitment process.

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.