Restaurant News Resource - Grill Concepts Restaurant Industry News

Grill Concepts, Inc. (NasdaqCM:GRIL) today announced the completion of a private offering of common stock and warrants to institutional and other accredited investors, raising gross proceeds of approximately $14.1 million.

Grill Concepts, Inc. (NasdaqCM:GRIL), which operates The Grill on the Alley and Daily Grill-branded restaurants, today reported total revenues increased 12.6 percent to $21.7 million for its 2007 fiscal first quarter ended April 1, 2007.

Preliminary same store sales increases of 17.5 percent for its fiscal fourth quarter ended December 31, 2006 and 10.1 percent for the full year.

Grill Concepts, Inc. (NASDAQ:GRIL) today announced that it has signed an agreement with Sheraton Seattle pursuant to which it will enter the Seattle market with the opening of a Daily Grill restaurant on the corner of Pike Street and 7th Avenue, within the newly expanded Sheraton Seattle.

Grill Concepts, Inc. (NasdaqSC:GRIL) today announced the appointment of Wayne Lipschitz to serve as vice president and chief financial officer, succeeding Philip Gay who has been named chief executive officer.

Company Also Completes New $8 Million Credit Facility

Philip Gay to Become CEO; Robert Spivak to Remain on Board of Directors and Serve in Long-Term Consulting Role

Grill Concepts, Inc. announced plans to enter the Dallas market with the opening of its newest The Grill restaurant in mid 2006, adjacent to the Dallas Galleria shopping complex.

Grill Concepts Reports Strong 2005 First Quarter - Company Posts $0.11 EPS in Current First Quarter vs. $0.02 EPS a Year Ago

Grill Concepts, Inc. (Nasdaq: GRILE) announced the opening of its newest Daily Grill restaurant in downtown Los Angeles, expanding its presence in the Southern California area to ten Daily Grills.