Dave & Buster's, Inc. Apparent Winner of Auction for Mall-Based Jillian's Locations

Business Wire, Sept 22, 2004

DALLAS -- Dave & Buster's, Inc. (NYSE:DAB) announced today that it is the apparent winner in an auction for certain of the assets operated by Jillian's Entertainment Holdings. The auction was held on September 21 in the United States Bankruptcy Court for the Western District of Kentucky. The court has scheduled a sale order hearing on Thursday morning, September 23, at which the company expects to be confirmed as the winning bidder.

The company and Gemini Investors III jointly bid approximately $65 million for all of the auctioned assets. Subject to the completion of documentation and the issuance of the sale order, the Company expects to be the purchaser of the Jillian's mall-based locations and the Jillian's tradename (at a purchase price of approximately $47 million), and Gemini Investors to be the purchaser of the Jillian's urban locations.

Celebrating over 21 years of operations, Dave & Buster's was founded in 1982 and is one of the country's leading upscale, restaurant/entertainment concepts with 33 locations throughout the United States and in Canada. More information on the company, including the latest investor presentation, is available on the company's website, www.daveandbusters.com.

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