CORNER BAKERY CAFE ANNOUNCES TWO NEW PARTNERS

01 Oct 2007

by: Corner Bakery Cafe

Cutter Restaurant Group and Cornerstone Foods LLC to Acquire and Develop
22 Corner Bakery Cafe Restaurants in Colorado and Utah

DALLAS – October 1, 2007 – Boasting 21 straight quarters of positive same-store sales growth and the highest average annual sales volume of any national bakery cafe brand, Corner Bakery Cafe announced today that it will be expanding its ever-growing family of restaurants as part of an ongoing aggressive franchise growth strategy. Cutter Restaurant Group will be developing restaurants in Colorado and Cornerstone Foods LLC will develop restaurants in Utah for a total of 22 Corner Bakery Cafes within the next five and four years respectively.

“Since Corner Bakery first opened its doors in 1991, our growth in the fast-casual dining segment had primarily been limited to our company-owned operations until the launch of our franchise program late last year,” said P.J. Evans, vice president of franchise development for Corner Bakery Cafe.  “Now with the additions of Cutter Restaurant Group and Cornerstone Foods LLC to the Corner Bakery family, our total franchise commitments to date equal 66 locations coast-to-coast – and by 2010 we expect to have development commitments for over 300 new franchise restaurants.”

A seasoned restaurateur with more than 60 years of industry experience to his family’s credit, John Cutter, president of Cutter Restaurant Group, is the former president and CEO of Friendly’s and former COO of Boston Market. Family owned and operated by Cutter and his two sons, Jamey and Steve, Cutter Restaurant Group will acquire two company-operated Corner Bakery Cafes in Denver effective October 1, 2007, and also develop 12 additional restaurants in Colorado over the next five years.

“When I first set foot inside a Corner Bakery Cafe, I was instantly impressed,” said Cutter. “With the fresh, flavorful food combined with the brand’s excellent unit level economics, coming on board was an easy decision.  We’re looking forward to bringing this unique dining experience into our Colorado neighborhoods.”

A current franchisee and area developer of Blimpie in Utah and parts of Idaho and Oregon, Ron Bagley, president of Cornerstone Foods LLC, will develop eight Corner Bakery Cafes within the next four years throughout the state of Utah. When the Corner Bakery Cafe franchise program was publicly announced earlier this year, Bagley was one of the first restaurateurs to put in a phone call.

“I had been inquiring about possible Corner Bakery Cafe franchise opportunities for years - ever since I first visited a Chicago location at my daughter’s insistence back in 2001,” said Bagley. “I fell in love with both the delicious food and the warm atmosphere of Corner Bakery Cafe and knew that if the opportunity ever did arise, I’d jump at the chance to bring my daughter’s favorite neighborhood restaurant into Utah.”

CBC Restaurant Corp. launched a strategic franchise development program in October 2006.  The program, one of the most competitive in the industry, is designed to attract potential franchise partners who have relevant multi-unit restaurant experience and have received “best-in-class” recognition within their current system.  Cutter Restaurant Group and Cornerstone Foods LLC mark CBC Restaurant Corp.’s fourth and fifth franchise partnerships, respectively.

About Corner Bakery Cafe
Corner Bakery Cafe is a fast-casual restaurant serving breakfast, lunch and dinner to guests in Atlanta, Chicago, Dallas/Fort Worth, Denver, Houston, Los Angeles/Orange County, Philadelphia, San Diego and Washington D.C.  Established in 1991, Corner Bakery Cafe restaurants are owned and operated by CBC Restaurant Corp. with 100 locations around the country. Founded on a philosophy of creating a place for people to relax and gather with family and friends, Corner Bakery Cafe offers a casual atmosphere featuring innovative, seasonal menu options ranging from hot breakfasts and signature panini to handcrafted salads, sandwiches and mouthwatering sweets.  Corner Bakery Cafe delivers a premier bakery cafe experience in the heart of neighborhoods everywhere. For more information, visit www.cornerbakerycafe.com.

About Cutter Restaurant Group
Family owned and operated, Cutter Restaurant Group is led by John Cutter and his two sons, Jamey and Steve. Collectively, the Cutter family has more than 60 years of experience within the restaurant industry, having worked with such well-known brands as Jamba Juice, Chili’s, Friendly’s and Boston Market. The Cutter Restaurant Group acquired two Denver-area Corner Bakery Cafes in October of this year and plan to develop 12 additional Corner Bakery franchises in Colorado within the next five years.

About Cornerstone Foods LLC
The Bagley family has developed and operated Blimpie restaurants in Utah and parts of Idaho and Oregon for 32 years. Led by Ron Bagley, Cornerstone Foods LLC, together with partners Doug Bradshaw, Tad Gygi and Lynn Wardley, plans to develop eight Corner Bakery Cafes throughout the state of Utah within the next four years.

CORNER BAKERY CAFE ANNOUNCES STRATEGIC PARTNERSHIP WITH NEW JERSEY CORNER FOODS LLC | CORNER BAKERY CAFE ANNOUNCES PARTNERSHIP