Shells Seafood Restaurants, Inc. Reports Executive Management Change

TAMPA, Fla., Feb. 29  /PRNewswire-FirstCall/ -- Shells Seafood Restaurants, Inc. (OTC:SHLL) (BULLETIN BOARD: SHLL)  announced that effective immediately Warren R. Nelson, EVP and CFO, has been appointed to the position of interim President. Leslie J. Christon has left the Company and will be pursuing other opportunities.

About the Company

The Company manages and operates 23 full-service, neighborhood seafood restaurants in Florida under the name "Shells".  Shells restaurants feature a wide selection of seafood items, including shrimp, oysters, clams, crawfish, mussels, scallops, lobster, crab and daily fresh fish specials, cooked to order in a variety of ways: steamed, sauteed, grilled, blackened and fried. Shells restaurants also offer a wide selection of signature pasta dishes, appetizers, salads, desserts and full bar service.

Forward-Looking Statements

In addition to seasonal fluctuations, the Company's quarterly and annual operating results are affected by a wide variety of other factors that could materially and adversely affect revenues and profitability, including changes in consumer preferences, tastes and eating habits; increases in food, labor costs and other operating expenses; the availability of food acceptable to our quality standards at acceptable prices; the availability of qualified labor; national, regional and local economic and weather conditions; international economic, cultural and political conditions; promotional timings and seasonality; demographic trends and traffic patterns; changes in travel and tourism tendencies, particularly in light of world events; competition from other restaurants and food service establishments; availability of third party financing to fund capital or operating activities, if required; and the timing, costs and charges relating to restaurant openings, closings and remodelings.  As a result of these and other factors, the Company may experience material fluctuations in future operating results on a quarterly or annual basis, which could materially and adversely affect its business, financial condition and stock price.  Furthermore, this press release and other documents filed by the Company with the Securities and Exchange Commission ("SEC") contain certain forward-looking statements with respect to the business of the Company and the industry in which it operates.  These forward-looking statements are subject to certain risks and uncertainties, including those mentioned above, which may cause results to differ significantly from these forward-looking statements.  The Company undertakes no obligation to update these forward-looking statements on a regular basis. An investment in the Company involves various risks, including those mentioned above and those that are detailed from time-to-time in the Company's SEC filings. 

DATASOURCE: Shells Seafood Restaurants, Inc.



CONTACT:  Warren Nelson of Shells Seafood Restaurants, Inc.,

[phone]



Web site:  http://www.shellsseafood.com/ 

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