Grill Concepts (NASDAQ:GRILE)
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Grill Concepts Files Extension for First Quarter Form 10-Q due to
Delay in Filing of 2004 Form 10-K
LOS ANGELES, May 12 /PRNewswire-FirstCall/ -- Grill Concepts, Inc.
(NASDAQ:GRILE) today said it has filed an extension on Form 12b-25 pertaining
to the filing of its Form 10-Q for the first quarter ended March 27, 2005. As
previously announced, the company is adjusting its method of accounting for
operating leases to comply with recent guidance issued by the Office of Chief
Accountant of the Securities and Exchange Commission. The company is working
diligently to complete and file its 2004 Form 10-K, along with the restatement
of its financial statements for prior fiscal years, to reflect the revised
accounting treatment. Until the 2004 Form 10-K is finalized, the company is
unable to prepare and file its Form 10-Q for the fiscal quarter ended March 27,
2005.
About Grill Concepts, Inc.
Grill Concepts owns and manages upscale casual and fine dining, full service
restaurants under two core brand names: The Grill on the Alley and Daily Grill.
The company operates 24 restaurants, including four The Grill on the
Alley-branded restaurants in Beverly Hills, Hollywood, San Jose, California,
and Chicago, as well as 20 Daily Grill restaurants in Southern and Northern
California, the Washington, D.C. metropolitan region, Houston, Texas, Portland,
Oregon and Skokie, Illinois.
This news release contains forward-looking statements, which are subject to
completion of the company's review of its accounting practices with respect to
leasing transactions. Actual results may differ materially from these
statements due to risks and uncertainties beyond the company's control, which
are detailed from time to time in the company's filings with the United States
Securities and Exchange Commission.
DATASOURCE: Grill Concepts, Inc.
CONTACT: Philip Gay, Chief Financial Officer of Grill Concepts, Inc.,
+1-310-820-5559; or Roger Pondel, or Angie Yang, both of PondelWilkinson Inc.,
+1-310-279-5980, , both for Grill Concepts, Inc.