Friendly Ice Cream Corporation Announces Fourth Quarter 2006 Earnings Conference Call

  
    
  
  
    
      Friendly Ice Cream Corporation (AMEX:FRN) will hold its 2006 fourth 
      quarter conference call on Wednesday, March 7, 2007 at 10:00 a.m. 
      Eastern Time.
    
    
      This call is being webcast by Thomson Financial and can be accessed at 
      the Company’s website at www.friendlys.com 
      under the Investor Relations section.
    
    
      The webcast is also being distributed over Thomson Financial’s 
      Investor Distribution Network to both institutional and individual 
      investors. Individual investors can listen to the call through Thomson 
      Financial’s individual investor center at www.companyboardroom.com 
      or by visiting any of the investor sites in Thomson Financial’s 
      Individual Investor Network. Institutional investors can access the call 
      via Thomson Financial’s password-protected 
      event management site, StreetEvents (www.streetevents.com).
    
    
      Friendly Ice Cream Corporation is a vertically integrated restaurant 
      company serving signature sandwiches, entrees and ice cream desserts in 
      a friendly, family environment in 514 company and franchised restaurants 
      throughout the Northeast. The company also manufactures ice cream, which 
      is distributed through more than 4,000 supermarkets and other retail 
      locations. With a 71-year operating history, Friendly's enjoys strong 
      brand recognition and is currently revitalizing its restaurants and 
      introducing new products to grow its customer base. Additional 
      information on Friendly Ice Cream Corporation can be found on the Company’s 
      website (www.friendlys.com).