Famous Dave's Enters Development Agreement

MINNEAPOLIS, Aug 22, 2005 (BUSINESS WIRE) -- FAMOUS DAVE'S OF AMERICA, INC. (DAVE) President and CEO David Goronkin announced today that JP's Bar-B-Que North, LLC, has purchased the right to franchise 10 Famous Dave's Legendary Pit Bar-B-Que(R) restaurants in the Tampa Bay, Florida metropolitan area. JP's Bar-B-Que North is owned by Jim Gyarmathy and is based in Fort Myers, Florida. Mr. Gyarmathy's family has been active in the hospitality industry since 1947. Through his company Gyarmathy & Associates, Inc., Mr. Gyarmathy currently owns 11 Kentucky Fried Chicken franchises in Southwest Florida and has previously franchised Wendy's in Southwest Florida and T.G.I. Friday's in Louisiana. With the purchase of the right to franchise 10 new Famous Dave's in the Tampa Bay area, Mr. Gyarmathy now owns rights to franchise a total of 15 Famous Dave's in Florida. Through his company JP's Bar-B-Que, he previously purchased the right to franchise five Famous Dave's in Southwest Florida.

"We are very happy to have Jim Gyarmathy increase his commitment to growing the Famous Dave's brand in the Florida market," said David Goronkin, President and CEO of Famous Dave's. "Jim is an outstanding restaurant operator, and his experience in Florida will bring great value."

Famous Dave's Bar-B-Que features hickory-smoked St. Louis-style ribs, Texas Beef Brisket, and Famous Dave's award-winning Rich & Sassy(R) BBQ sauce. Additionally, the menu offers barbeque and country roasted chicken, BBQ sandwiches, burgers and salads. Plus, the restaurant prepares and serves up such down home classics as coleslaw, potato salad, Wilbur Beans, corn bread muffins and Famous Fries. Famous Dave's delectable homemade desserts include its award-winning bread pudding and hot fudge Kahlua brownie.

Having won awards for everything from best sauce to best ribs to best cookbook, Famous Dave's has received wide acclaim and praise from customers and critics alike. Famous Dave's Rib Team regularly competes in rib competitions across the country, and has raked in 1st place awards at the Southern Florida Championship Cook Off in Jupiter, Florida, the Great American Rib Cook-off in Ohio, the Sioux Empire Rib-fest in Sioux Falls, South Dakota, the Rib Fest & More in Fargo, North Dakota, the Pontiac Rib America Rib Fest in Pontiac, Michigan, the Twin Cities Rockin' Rib Fest in Minneapolis, Minnesota and the Rib America Indianapolis Rib Fest in Indianapolis, Indiana to name just a few.

About Famous Dave's. Famous Dave's of America, Inc. (DAVE) develops, owns, operates and franchises barbeque restaurants. The company currently owns 38 locations and franchises 79 additional units in 29 states and has signed development agreements for an additional 190 franchised locations. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items and sandwiches, and unique desserts. For more information, please visit www.famousdaves.com or contact Pat Courtemanche at (612) 782-8305.

Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of our restaurant openings and the timing or success of our expansion plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the company's actual results to differ materially from expected results. Although Famous Dave's of America, Inc. believes the expectation reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from Famous Dave's expectation include financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the company's SEC reports.

SOURCE: FAMOUS DAVE'S OF AMERICA, INC.

Golden & Associates, Minneapolis Pat Courtemanche, 612-782-8305