The Krystal Company Appoints James Bear As Chief Financial Officer

(Friday, April 07, 2006) - The Krystal Company, the fast food icon famous for its fresh, hot, small, square hamburgers and little food with the big taste, announced today the appointment of James W. Bear as the company's vice president and chief financial officer.

"Jim's financial and business expertise as well as his significant background in the quick service industry adds tremendous strength to our senior management team," said Fred Exum, president and chief executive officer, The Krystal Company. "This is an exciting time for The Krystal Company as we continue to enjoy robust sales systemwide and expand into new markets through franchising exclusive multi-unit territories. We very much look forward to Jim's proven financial expertise and strategic contributions."

Bear brings more than 35 years of financial, accounting and senior management experience to The Krystal Company. Bear most recently served as senior vice president and chief financial officer for The Steak n Shake Company, where he was instrumental in the publicly traded company's growth from 100 locations to more than 400 locations. Bear's responsibilities during his more than 25 years with Steak n Shake included finance and planning, accounting and information technology, administration, investor relations, purchasing and distribution, and construction.

"I'm excited about joining the Krystal team," shared Bear. "I look forward to playing a strategic role in a company steeped in tradition and history and well positioned for future growth."

The Krystal Company
Founded in 1932, Krystal restaurants have become more than sparkling-clean eateries where friendly employees serve up fresh, delicious food. Krystal has become a cultural icon and an experience that virtually every man, woman and child in the South has shared. The Krystal brand - and the great food, service, value and setting that it represents - has taken a prominent place in the South's cultural landscape. The Krystal Company is the oldest quick service restaurant chain in the South and the second oldest in the United States. The Chattanooga, Tenn.-based company currently has more than 420 restaurants in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia. For more information, visit www.krystal.com.

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