Golden Corral #1 Franchisor

GOLDEN CORRAL IS #1 FRANCHISOR AMONG FAMILY STEAKHOUSES FOR TENTH STRAIGHT YEAR

(Thursday, January 01, 2004) - Golden Corral, whose national expansion is driven in large part by its highly successful franchise community, has been named the #1 family steakhouse franchisor for the tenth straight year by Entrepreneur magazine.

Larry Tate, Senior Vice President of Franchise Sales, said the universal appeal of the Golden Corral buffet concept, which includes flame-broiled USDA-approved sirloin steaks fresh-cut daily and cooked to order, has been proven in communities of all sizes and in all regions of the country.

"That's the reason Golden Corral franchisee sales are so strong," Mr. Tate said. "Average sales for franchised GC-11M Strata design restaurants were $3.335 million in 2003, as shown in the UFOC. We expect they'll be even higher when the final numbers are in for 2004."

"Golden Corral has created a buzz in the restaurant industry and it's no wonder that we're talking to so many prospective franchisees. We're awarding new franchise markets on the average of one every three business days in 2004 and opening new restaurants at the rate of one every eight business days".

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