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JAKE'S PIZZA, VANNA WHITE AGREE TO JOINT VENTURE: EIGHT NEW JAKE'S UNITS TO BE OPENED, MS. WHITE TO SERVE AS SPOKESPERSON

 ADDISON, Ill., Nov. 9 /PRNewswire/ -- Jake's Pizza International, Inc. (NASDAQ: JAKE), has reached a tentative agreement to enter into a joint venture with an affiliate of entertainer Vanna White, co-host of the top rated game show "Wheel of Fortune," to cooperatively open and operate a minimum of eight new Jake's Pizza units. White also will serve as the Jake's national spokesperson, James J. Banks, Jake's president, announced here today.
 Compensation for such services includes the purchase of shares of common stock over a period of years. These agreements are subject to a number of conditions, including negotiation and execution of definitive agreements.
 Jake's, a 32-year-old company, currently operates 41 units in two states and has been publicly traded since July of this year. The company recently announced plans to double the number of units within two years.
 "It is exciting for Jake's to have a personality such as Vanna involved in both the investment and operation of our company," said Banks. "Her appeal to middle American is a perfect match for Jake's and our mission to provide a neighborhood style environment in which to enjoy our pizza and other products."
 The understanding reached between Jake's and Vanna White calls for the involvement of White in the firm's advertising and promotion, appearances at trade shows and attendance at other regional and national company functions.
 White, "Wheel of Fortune" co-host, has become an American television fixture with frequent guest appearances on situation comedies and talk shows.
 Jake's currently operates 41 units in Illinois and Arizona. Growth plans call for the opening of additional units in those states and expansion into Florida, Nevada, California and Wisconsin. The company offers freshly produced, quality produce at popular prices filling the gap between the nationally known, low-cost delivery chains and the premium price providers.
 -0- 11/9/93
 /CONTACT: Christopher Short or Sara Powers of Minkus & Dunne, 312-541-8787, for Jake's Pizza/
 (JAKE)


CO: Jake's Pizza International, Inc. ST: Illinois IN: FOD SU: JVN

MP -- NY038 -- 2159 11/09/93 10:04 EST
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Publication:PR Newswire
Date:Nov 9, 1993
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