BUCA, Inc. Announces Sale of Vinny Ts of Boston

to Bertuccis Corporation

MINNEAPOLIS--()--BUCA, Inc. (Nasdaq:BUCA) announced the sale effective today of its 11 Vinny Ts of Boston restaurants to Bertuccis Corporation, which operates 92 brick oven Italian restaurants in 11 states and the District of Columbia. The sale price was $6.8 million; of which $3.0 million was to be paid in cash at the closing and $3.8 million is to be paid through a promissory note issued at closing. The promissory note matures on June 15, 2008 or earlier upon the occurrence of certain other events, including a change in control of Bertuccis or the repayment or refinancing of Bertuccis outstanding senior notes. The purchase price is subject to a post-closing working capital adjustment.

The net proceeds of the sale will be used to reduce the Companys outstanding indebtedness. The Vinny Ts of Boston restaurants have previously been classified as discontinued operations in the Companys financial statements.

About the Company:

BUCA, Inc. owns and operates 93 highly acclaimed family style Italian restaurants under the name Buca di Beppo in 24 states and the District of Columbia.

Contacts

Investor Relations:
Integrated Corporate Relations
Kathleen Heaney, 203-803-3585

Sharing

Contacts

Investor Relations:
Integrated Corporate Relations
Kathleen Heaney, 203-803-3585