Granite City Food & Brewery Opens in Madison, Wisconsin.Chain Has Now Expanded to 18 Restaurants MINNEAPOLIS -- Granite City Granite City, city (1990 pop. 32,862), Madison co., SW Ill., an industrial suburb of East St. Louis, on the Mississippi; inc. 1896. It has port and rail connections. Food & Brewery Ltd. (Nasdaq:GCFB) a Modern American upscale casual restaurant, has opened a new restaurant in West Madison, Wisconsin Madison is the capital of the U.S. state of Wisconsin and the county seat of Dane County. It is also home to the University of Wisconsin–Madison. The 2006 population estimate of Madison was 223,389, making it the second largest city in Wisconsin, after Milwaukee, and . The new restaurant is located in the West Towne Mall West Towne Mall is a shopping mall located in Madison, Wisconsin that is owned by CBL Properties. It is the sister mall to the East Towne Mall. It is anchored by Sears, JCPenney, Boston Store, Steve & Barry's, and Dick's Sporting Goods. . The Madison restaurant is the seventh restaurant opened in 2006. The Company has now completed its goal of seven new restaurants in 2006 and has a total of eighteen restaurants in the Midwest. "This is our first restaurant in the Madison market," commented Steve Wagenheim, Granite City's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President. "We believe the Madison market is a perfect 'sweet spot' for our concept. Our guests will be able to enjoy an upscale dining experience with superior service at a casual dining price. In addition to our made-from-scratch food served in generous portions, our proprietary hand-crafted beers will fit well in a market that understands great beers." Granite City is open daily for lunch, dinner and gatherings from 11 a.m. to midnight along with brunch on Sundays, 10 a.m. to 2 p.m. Granite City Food & Brewery Ltd. currently operates 18 Granite City Food & Brewery upscale casual dining restaurants featuring a broad menu of popular made-from-scratch food items and handcrafted hand·craft n. Variant of handicraft. tr.v. hand·craft·ed, hand·craft·ing, hand·crafts To fashion or make by hand. hand·craft beers. Its broad menu offers traditional and regional foods served in generous portions at reasonable prices, affording guests an excellent value and great dining experience. The first Granite City restaurant opened in St. Cloud, MN in June 1999 and the Company subsequently expanded to other Midwest markets. The Company also operates a beer production facility which is used to provide raw material support to its restaurants to create operational efficiencies. Certain statements made in this press release of a non-historical nature constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors include, but are not limited to, changes in economic conditions, changes in consumer preferences or discretionary consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. , a significant change in the performance of any existing units, the ability to obtain financing for, and complete construction of, additional restaurants at acceptable costs, our ability to implement and execute Fermentus Interruptus and the risks and uncertainties described in the Company's Form 10-KSB filed with the Securities and Exchange Commission on March 27, 2006. |
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