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▪	Restaurant sales increased 82.7% to $156.1 million, including $70.4 million in sales from the BURGER KING® restaurants that were acquired on May 30, 2012;

▪	Comparable restaurant sales at legacy restaurants increased 1.0% compared to an increase of 5.9% in the prior year period, marking seven consecutive quarters of comparable restaurant sales increases;

▪	Net loss from continuing operations was $5.2 million, or $0.23 per diluted share, compared to a net loss from continuing operations of $2.9 million, or $0.13 per diluted share, in the prior year period; and

▪	Adjusted EBITDA, a non-GAAP measure, was $3.3 million compared to $3.8 million in the prior year period. (Please refer to the reconciliation of Adjusted EBITDA to net loss from continuing operations in the tables at the end of this release).

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▪	Total sales of $670 million to $700 million including a comparable restaurant sales increase at legacy restaurants of 2% to 4%;

▪	A commodity cost increase of 2% to 3%;

▪	General and administrative expenses of approximately $34 million to $36 million;

▪	An effective income tax benefit of 45% to 47% including the carryover benefit for 2012 WOTC credits recognized in the first quarter;

▪	Capital expenditures of approximately $40 million to $50 million, including $30 million to $40 million for remodeling 90 to 120 restaurants including 39 remodels completed in the first quarter; and

▪	Six to eight restaurant closures.

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(a)	The Company uses a 52 or 53 week fiscal year that ends on the Sunday closest to December 31. The three months ended March 31, 2013 and April 1, 2012 each included thirteen weeks.

(b)

General and administrative expenses include stock-based compensation expense of $301 and $102 for the three months ended March 31, 2013 and April 1, 2012, respectively. General and administrative expenses for the three months ended April 1, 2012 also included $411 of legal and professional fees incurred in connection with the acquisition, and $95 of costs related to the Company's litigation with the EEOC that was settled in January 2013.

(c)	Shares issuable for convertible preferred stock, stock options and non-vested restricted stock were not included in the computation of diluted net loss per share because they would have been antidilutive for the periods presented.

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(a)	Acquired restaurants represent the Burger King restaurants acquired from Burger King Corporation on May 30, 2012. Legacy restaurants refer to the Company's Burger King restaurants other than the acquired restaurants.

(b)	Restaurants are included in comparable restaurant sales after they have been open or owned for 12 months.

(c)

EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP financial measures and may not necessarily be comparable to other similarly titled captions of other companies due to differences in methods of calculation. Refer to the Company's reconciliation of EBITDA and Adjusted EBITDA to net loss from continuing operations for further detail. Adjusted EBITDA Margin represents Adjusted EBITDA as a percentage of restaurant sales.

(d)	Average weekly restaurant sales are derived by dividing restaurant sales by the average number of restaurants operating during the period.

(e)	Represents restaurant expenses as a percentage of sales for the respective group of restaurants.

(f)

Long-term debt (including current portion) at March 31, 2013 included $150,000 of the Company's 11.25% Senior Secured Second Lien Notes, $1,197 of lease financing obligations and $10,037 of capital lease obligations. Long-term debt (including current portion) at December 30, 2012 included $150,000 of the Company's 11.25% Senior Secured Second Lien Notes, $1,197 of lease financing obligations and $10,295 of capital lease obligations.

(g)	Cash balance includes $20 million of restricted cash at March 31, 2013 and December 30, 2012 held as collateral for the Company's revolving credit facility.

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(a)

EBITDA and Adjusted EBITDA are non-GAAP financial measures. EBITDA represents net income (loss) from continuing operations, before provision (benefit) for income taxes, interest expense and depreciation and amortization. Adjusted EBITDA represents EBITDA as adjusted to exclude impairment and other lease charges, acquisition and integration costs, EEOC litigation and settlement costs, stock compensation expense and loss on extinguishment of debt. Management excludes these items from EBITDA when evaluating the Company's operating performance and believes that Adjusted EBITDA provides a more meaningful comparison than EBITDA of the Company's core business operating results, as well as with those of other similar companies. Management believes that EBITDA and Adjusted EBITDA, when viewed with the Company's results of operations calculated in accordance with GAAP and the accompanying reconciliation in the table above, provide useful information about operating performance and period-over-period growth, and provide additional information that is useful for evaluating the operating performance of the Company's core business without regard to potential distortions. Additionally, management believes that EBITDA and Adjusted EBITDA permit investors to gain an understanding of the factors and trends affecting our ongoing cash earnings, from which capital investments are made and debt is serviced. However, EBITDA and Adjusted EBITDA are not measures of financial performance or liquidity under GAAP and, accordingly, should not be considered as alternatives to net income (loss) or cash flow from operating activities as indicators of operating performance or liquidity. Also, these measures may not be comparable to similarly titled captions of other companies. The table above provides a reconciliation between net loss from continuing operations and EBITDA and Adjusted EBITDA.