Diversified Restaurant Holdings' Board Sets Stage for Purchase of Nine Buffalo Wild Wings Restaurants.

Restaurants had combined sales in 2008 of over $25 million

SOUTHFIELD, Mich. -- Diversified Restaurant Holdings Inc. (OTCBB: DFRH) announced today that its Board of Directors at their April 30, 2009 meeting had authorized management to begin due diligence on exercising its option to purchase nine Buffalo Wild Wings. Six of these restaurants are located in Michigan with the remaining three in Florida.

"Over the last two years our Company has experienced dramatic growth increasing from $3.4 million in 2007 to $11.6 million in 2008," stated T. Michael Ansley, President and CEO of Diversified Restaurant Holdings, Inc. (Stock Symbol DFRH). "With this acquisition scheduled for August 1, 2010, we will acquire nine restaurants whose combined sales in 2008 were over $25 million. If the acquisition is completed, our Buffalo Wild Wings wholly-owned restaurants will have expanded from 2 in 2007 to 19 in 2010."

About the Company

Diversified Restaurant Holdings, Inc. is a restaurant management company, handling the operations of 15 Buffalo Wild Wings restaurants; five in Florida and 10 in Michigan. Previously, the company has received franchise awards for the Highest Annual Restaurant Sales and operates four out of the top 25 franchise restaurants in sales volume in the Buffalo Wild Wings system. The company also owns and operates its own restaurant concept, Bagger Dave's Legendary Burgers and Fries, which falls within the fast-casual dining segment. Currently there are two locations in the State of Michigan.

About Bagger Dave's[R]

Diversified Restaurant Holdings, Inc. launched Bagger Dave's in January 2008 with the first location in Berkley, MI and the second in August 2008 in Ann Arbor, MI. The menu features freshly made burgers (never frozen) accompanied by more than 30 toppings to add-on, fresh-cut fries, and hand-dipped milkshakes. Signature items include Sloppy Dave's BBQ[TM], Train Wreck Burger[R], and Bagger Dave's Amazingly Delicious Turkey Black Bean Chili. The concept focuses on local flair with the interior showcasing historic photos of the city in which it resides. There's also an electric train that runs above the dining room and bar areas. All current and future locations will be smoke-free.

Buffalo Wild Wings[R]

Buffalo Wild Wings, Inc., founded in 1982 and headquartered in Minneapolis, Minnesota, is an established and growing owner, operator, and franchisor. The widespread appeal of the Buffalo Wild Wings concept establishes its restaurants as an inviting, neighborhood destination with more than 579 restaurants in 40 states.

Safe Harbor Statement

In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found in the Company's SEC Filings. The Company disclaims any responsibility to update any forward-looking statements.