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<SEC-DOCUMENT>0000930413-09-004162.txt : 20090811
<SEC-HEADER>0000930413-09-004162.hdr.sgml : 20090811
<ACCEPTANCE-DATETIME>20090811100354
ACCESSION NUMBER:		0000930413-09-004162
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20090627
FILED AS OF DATE:		20090811
DATE AS OF CHANGE:		20090811

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARK RESTAURANTS CORP
		CENTRAL INDEX KEY:			0000779544
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				133156768
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09453
		FILM NUMBER:		091002312

	BUSINESS ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
		BUSINESS PHONE:		2122068800

	MAIL ADDRESS:	
		STREET 1:		85 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003-3019
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>c58435_10q.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c58435_10q.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<P align="center">
<FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION </FONT><BR>
<FONT size=2 face="serif">Washington, D.C. 20549 </FONT><BR>
<B><FONT size=2 face="serif">____________________ </FONT></B><BR>
<BR>
<FONT size=2 face="serif">FORM 10-Q </FONT><BR>
<BR>
<FONT size=2 face="serif">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) </FONT><BR>
<FONT size=2 face="serif">OF THE SECURITIES EXCHANGE ACT OF 1934 </FONT><BR>
<BR>
<FONT size=2 face="serif">For the quarterly period ended June 27, 2009 </FONT><BR>
<BR>
<FONT size=2 face="serif">Commission file number 0-14030 </FONT><BR>
<BR>
<B><U><FONT size=2 face="serif">ARK RESTAURANTS CORP.</FONT></U></B><B><FONT size=2 face="serif"> </FONT></B><BR>
<FONT size=2 face="serif">(Exact name of registrant as specified in its charter)</FONT><FONT size=2 face="serif"> </FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=center width=23% nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">New York</FONT></TD>
  <TD width=55% align="center">&nbsp;  </TD>
  <TD align=center width=22% nowrap STYLE="border-bottom:1px solid #000000;"><FONT size=2 face="serif">13-3156768</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=center width=23% nowrap>
 &nbsp;<FONT size=2 face="serif">(State or other jurisdiction of</FONT>&nbsp;  </TD>
  <TD width=55% align="center">&nbsp;  </TD>
  <TD align=center width=22% nowrap>
<FONT size=2 face="serif">(I.R.S. Employer</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=23% nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">incorporation or organization)</FONT>&nbsp;  </TD>
  <TD width=55% align="center">&nbsp;  </TD>
  <TD align=center width=22% nowrap>
<FONT size=2 face="serif">Identification No.)</FONT>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=3 align="center">&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=3 align="center">&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=23% nowrap STYLE="border-bottom:1px solid #000000;"><FONT size=2 face="serif">85
      Fifth Avenue, New York, New York</FONT></TD>
  <TD width=55% align="center">&nbsp;  </TD>
  <TD align=center width=22% nowrap STYLE="border-bottom:1px solid #000000;"><FONT size=2 face="serif">10003</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=center width=23% nowrap>
<FONT size=2 face="serif">(Address of principal executive offices)</FONT>&nbsp;  </TD>
  <TD width=55% align="center">&nbsp;  </TD>
  <TD align=center width=22% nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">(Zip Code)</FONT>&nbsp;  </TD>
</TR>
</TABLE><BR>
<P align="justify">
<FONT size=2 face="serif">Registrant&#146;s telephone number, including area code: <u>&nbsp;&nbsp;(212) 206-8800&nbsp;&nbsp;</u></FONT></P>
<P align="justify">
<FONT size=2 face="serif">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the
registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.</FONT><br>
<FONT size=2 face="serif">Yes&nbsp;&nbsp;<u>&nbsp;&nbsp; X&nbsp;&nbsp;&nbsp;</u>&nbsp; No
_____</FONT></P>
<P align="justify">
<FONT size=2 face="serif">Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T
(&#167; 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files).</FONT><br>
<FONT size=2 face="serif">Yes&nbsp;&nbsp;_____&nbsp; No
_____<BR>
</FONT></P>
<P align="justify">
<FONT size=2 face="serif">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of &#147;large accelerated filer,&#148;
&#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of the Exchange Act. </FONT><FONT face="serif"> </FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=17% nowrap>
<FONT size=2 face="serif">Large accelerated filer</FONT>&nbsp;
  <FONT size=2 face="serif">_____</FONT></TD>
  <TD width=57%>&nbsp;  </TD>
  <TD align=left width=26% nowrap>
<FONT size=2 face="serif">Accelerated filer</FONT>&nbsp;
  <FONT size=2 face="serif">_____</FONT></TD>
  </TR>
<TR>
  <TD colspan=3>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=17% nowrap>
<FONT size=2 face="serif">Non-accelerated filer</FONT>&nbsp;
  <FONT size=2 face="serif">_____</FONT></TD>
  <TD width=57%>&nbsp;  </TD>
  <TD align=left width=26% nowrap>
<FONT size=2 face="serif">Smaller Reporting Company</FONT>&nbsp;
  <FONT size=2 face="serif"><u>&nbsp;&nbsp; X&nbsp;&nbsp;&nbsp;</u>&nbsp;</FONT></TD>
  </TR>
<TR valign="bottom">
  <TD align=left width=17% nowrap>
    <div align="center"><FONT size=2 face="serif">(Do not check if a smaller</FONT>&nbsp;  </div></TD>
  <TD width=57%>&nbsp;  </TD>
  <TD align=left width=26% nowrap>&nbsp;  </TD>
  </TR>
<TR valign="bottom">
  <TD align=right width=17% nowrap>
    <div align="center"><FONT size=2 face="serif">reporting company)</FONT>&nbsp;  </div></TD>
  <TD width=57%>&nbsp;  </TD>
  <TD align=left width=26% nowrap>&nbsp;  </TD>
  </TR>
</TABLE>
<BR>
<P align="justify">
<FONT size=2 face="serif">Indicate by check mark whether the Registrant is a
shell company (as defined in Exchange Act Rule 12b-2). <br>
Yes&nbsp;&nbsp;_____&nbsp; No <u>&nbsp;&nbsp; X&nbsp;&nbsp;&nbsp;</u></FONT></P>
<P align="justify">
<FONT size=2 face="serif">Indicate the number of shares outstanding of each of the issuer&#146;s classes of common stock, as of the latest practicable date: </FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=center width=19% style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">Class</FONT></TD>
  <TD width=53%>&nbsp;  </TD>
  <TD align=center width=28% nowrap STYLE="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">Outstanding shares at August 11, 2009</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left width=19% nowrap>
<FONT size=2 face="serif">(Common stock, &#36;.01 par value)</FONT>&nbsp;  </TD>
  <TD width=53%>&nbsp;  </TD>
  <TD align=center width=28% nowrap><FONT size=2 face="serif">3,489,845</FONT></TD>
</TR>
</TABLE><BR>

<HR noshade align="center" width="100%" size=4>



<P align="left" style="page-break-before:always"></P><PAGE>
<P align="center">
<U><FONT size=2 face="serif">SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</FONT></U><FONT size=2 face="serif"> </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">We may make statements in this Quarterly Report on Form 10-Q</FONT><FONT size=2 face="serif"> </FONT><FONT size=2 face="serif">regarding our assumptions, projections, expectations, targets,
intentions or beliefs about future events. All statements, other than statements of historical facts, included or incorporated by reference herein relating to management&#146;s current expectations of future financial performance, continued growth
and changes in economic conditions or capital markets are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Words or phrases such as &#147;anticipates,&#148; &#147;believes,&#148; &#147;estimates,&#148; &#147;expects,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;predicts,&#148;
&#147;projects,&#148; &#147;targets,&#148; &#147;will likely result,&#148; &#147;hopes,&#148; &#147;will continue&#148; or similar expressions identify forward looking statements. Forward-looking statements involve risks and uncertainties which
could cause actual results or outcomes to differ materially from those expressed. We caution that while we make such statements in good faith and we believe such statements are based on reasonable assumptions, including without limitation,
management&#146;s examination of historical operating trends, data contained in records and other data available from third parties, we cannot assure you that our projections will be achieved. Factors that may cause such differences include:
economic conditions generally and in each of the markets in which we are located, the amount of sales contributed by new and existing restaurants, labor costs for our personnel, fluctuations in the cost of food products, adverse weather conditions,
changes in consumer preferences and the level of competition from existing or new competitors. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">We have attempted to identify, in context, certain of the factors that we believe may cause actual future experience and results to differ materially from our current expectation regarding the
relevant matter of subject area. In addition to the items specifically discussed above, our business, results of operations and financial position and your investment in our common stock are subject to the risks and uncertainties described in
&#147;Item 1A Risk Factors&#148; in Part I of our Annual Report on Form 10-K for the fiscal year ended September 27, 2008 as updated by the information contained under the caption &#147;Item 1A. Risk Factors&#148; in Part II of this Quarterly Report
on Form 10-Q. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">From time to time, oral or written forward-looking statements are also included in our reports on Forms 10-K, 10-Q and 8-K, our Schedule 14A, our press releases and other materials released to
the public. Although we believe that at the time made, the expectations reflected in all of these forward-looking statements are and will be reasonable, any or all of the forward-looking statements in this Quarterly Report on Form 10-Q, our reports
on Forms 10-K and 8-K, our Schedule 14A and any other public statements that are made by us may prove to be incorrect. This may occur as a result of inaccurate assumptions or as a consequence of known or unknown risks and uncertainties. Many factors
discussed in this Quarterly Report on Form 10-Q, certain of which are beyond our control, will be important in determining our future performance. Consequently, actual results may differ materially from those that might be anticipated from
forward-looking statements. In light of these and other uncertainties, you should not regard the inclusion of a forward-looking statement in this Quarterly Report on Form 10-Q or other public communications that we might make as a representation by
us that our plans and objectives will be achieved, and you should not place undue reliance on such forward-looking statements. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, your attention is directed
to any further disclosures made on related subjects in our subsequent periodic reports filed with the Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K and Schedule 14A. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Unless the context requires otherwise, references to &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;ARKR&#148; and the &#147;Company&#148; refer specifically to Ark Restaurants Corp. and its subsidiaries and
predecessor entities. </FONT></P>
<P align="center">
<FONT size=2 face="serif">- 2 - </FONT></P>

<HR noshade align="center" width="100%" size=4>



<P align="left" style="page-break-before:always"></P><PAGE>
<P align="left" STYLE="border-bottom:2px solid #000000;">
<B><FONT size=2 face="serif">ARK RESTAURANTS CORP. AND SUBSIDIARIES</FONT></B><BR>
<B><FONT size=2 face="serif">CONSOLIDATED CONDENSED BALANCE SHEETS</FONT></B><BR>
<FONT size=2 face="serif">(In Thousands)</FONT></P>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=69% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap>
    <FONT size=2 face="serif">June 27,</FONT>  </TD>
  <TD width=2% align=center nowrap>&nbsp;  </TD>
  <TD width=4% align="center">&nbsp;  </TD>
  <TD colspan="2" align=center nowrap>
    <FONT size=2 face="serif">September 27,</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">2009</FONT>  </TD>
  <TD align=center nowrap>&nbsp;  </TD>
  <TD align="center">&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">2008</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap>
    <FONT size=2 face="serif">(unaudited)</FONT>  </TD>
  <TD align=center nowrap>&nbsp;  </TD>
  <TD align="center">&nbsp;  </TD>
  <TD colspan="2" align=center nowrap>
    <FONT size=2 face="serif">(Note 1)</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<U><FONT size=2 face="serif">ASSETS</FONT></U>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width=8% align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD width=2% align=right nowrap>&nbsp;  </TD>
  <TD width=8% align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">CURRENT ASSETS:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Cash and cash equivalents</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,900</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,978</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Short-term investments in available-for-sale securities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">7,627</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">9,267</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Accounts receivable</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,594</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,862</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Related party receivables, net</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">995</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">881</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Employee receivables</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">327</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">281</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Current portion of long-term receivables</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">127</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">121</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Inventories</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1,557</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1,556</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Prepaid income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">799</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Prepaid expenses and other current assets</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">644</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">362</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total current assets</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">17,570</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">18,308</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">LONG-TERM RECEIVABLES, LESS CURRENT PORTION</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">135</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">231</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">FIXED ASSETS - At cost:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Leasehold improvements</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">31,638</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">31,533</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Furniture, fixtures and equipment</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">29,221</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">28,372</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Construction in progress</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">903</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">44</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">61,762</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">59,949</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Less accumulated depreciation and amortization</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">37,761</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">35,087</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">FIXED ASSETS - Net</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">24,001</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">24,862</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">INTANGIBLE ASSETS - Net</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">50</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">62</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">GOODWILL</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,813</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,813</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">TRADEMARKS</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">721</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">721</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">DEFERRED INCOME TAXES</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,312</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,312</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">OTHER ASSETS</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">681</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">701</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">TOTAL</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">52,283</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">54,010</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=9>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<U><FONT size=2 face="serif">LIABILITIES AND SHAREHOLDERS' EQUITY</FONT></U>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">CURRENT LIABILITIES:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Accounts payable - trade</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,349</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,834</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Accrued expenses and other current liabilities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">5,523</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">5,312</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Accrued income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">823</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Current portion of note payable</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">205</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">195</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total current liabilities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">8,077</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">9,164</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">OPERATING LEASE DEFERRED CREDIT</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">3,627</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">3,695</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">NOTE PAYABLE, LESS CURRENT PORTION</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">355</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">510</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">OTHER LIABILITIES</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">103</FONT> </TD>
  <TD align=left nowrap></TD>
  <TD></TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">157</FONT> </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">TOTAL LIABILITIES</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">12,162</FONT> </TD>
  <TD align=left nowrap>&nbsp; </TD>
  <TD>&nbsp; </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">13,526</FONT> </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">NON-CONTROLLING INTERESTS</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">2,327</FONT> </TD>
  <TD align=left nowrap>&nbsp; </TD>
  <TD>&nbsp; </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp; </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">2,681</FONT> </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">COMMITMENTS AND CONTINGENCIES</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">SHAREHOLDERS' EQUITY:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Common stock, par value &#36;.01 per share - authorized, 10,000 shares; issued</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">and outstanding of 5,667 and 3,490 shares at June 27, 2009, respectively</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">and 5,667 and 3,532 shares at September 27, 2008, respectively</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">57</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">57</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Additional paid-in capital</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">22,346</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">22,068</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Accumulated other comprehensive loss</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(42</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(30</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Retained earnings</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">25,604</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">25,427</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">47,965</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">47,522</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Less stock option receivable</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(76</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(124</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Less treasury stock, at cost, of 2,177 and 2,135 shares at June 27, 2009</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">and September 27, 2008, respectively</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(10,095</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(9,595</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total shareholders' equity</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">37,794</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">37,803</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">TOTAL</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">52,283</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">54,010</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">See notes to consolidated condensed financial statements.</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 3 - </FONT></P>

<HR noshade align="center" width="100%" size=4>



<P align="left" style="page-break-before:always"></P><PAGE>

<P align="left" STYLE="border-bottom:2px solid #000000;">
<B><FONT size=2 face="serif">ARK RESTAURANTS CORP. AND SUBSIDIARIES</FONT></B><BR>
<B><FONT size=2 face="serif">CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited)</FONT></B><BR>
<FONT size=2 face="serif">(In Thousands, Except Per Share Amounts)</FONT></P>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD colspan="6" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">13 Weeks Ended</FONT>  </TD>
  <TD align=center nowrap>&nbsp;  </TD>
  <TD align="center">&nbsp;  </TD>
  <TD colspan="6" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">39 Weeks Ended</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">June 27, 2009</FONT>  </TD>
  <TD align=center nowrap>&nbsp;  </TD>
  <TD align="center">&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">June 28, 2008</FONT>  </TD>
  <TD align=center nowrap>&nbsp;  </TD>
  <TD align="center">&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">June 27, 2009</FONT>  </TD>
  <TD align=center nowrap>&nbsp;  </TD>
  <TD align="center">&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">June 28, 2008</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=17>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=17>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">REVENUES</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Food and beverage sales</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">30,773</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">35,406</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">80,151</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">88,823</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Other income</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">350</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">671</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,521</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,941</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=center nowrap>
    <div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    Total revenues</FONT>&nbsp;  </div></TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">31,123</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">36,077</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">81,672</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">90,764</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=17>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">COST AND EXPENSES:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Food and beverage cost of sales</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">7,945</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">9,224</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">20,743</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">23,384</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Payroll expenses</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">9,577</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">10,125</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">26,619</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">28,023</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Occupancy expenses</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,134</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,696</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">12,367</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">12,259</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Other operating costs and expenses</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">3,871</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,063</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">11,014</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">11,209</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">General and administrative expenses</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,195</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,260</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">6,833</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">6,594</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Depreciation and amortization</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">917</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">771</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,687</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,153</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=center nowrap>
    <div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    Total cost and expenses</FONT>&nbsp;  </div></TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">28,639</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">31,139</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">80,263</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">83,622</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">OPERATING INCOME</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,484</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,938</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,409</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">7,142</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">OTHER (INCOME) EXPENSE:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Interest expense</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">11</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">14</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">34</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">44</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Interest income</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(56</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(105</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(284</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(397</FONT>  </TD>
  <TD width=1% align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Other income, net</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(117</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(158</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(503</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(322</FONT>  </TD>
  <TD width=1% align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total other income, net</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(162</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(249</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(753</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(675</FONT>  </TD>
  <TD width=1% align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Income from continuing operations before provision for income</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">taxes and non-controlling interests</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,646</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">5,187</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,162</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">7,817</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Provision for income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">961</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1,762</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">702</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,698</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">(Income) loss attributable to non-controlling interests</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(88</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(175</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">273</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(174</FONT>  </TD>
  <TD width=1% align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">INCOME FROM CONTINUING OPERATIONS</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,597</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">3,250</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">1,733</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,945</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">DISCONTINUED OPERATIONS:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Income (loss) from operations of discontinued restaurants</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(178</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">33</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Provision (benefit) for income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(64</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">12</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">INCOME (LOSS) FROM DISCONTINUED OPERATIONS</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(114</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">21</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">NET INCOME</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">1,597</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,136</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">1,733</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">4,966</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=17>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">PER SHARE INFORMATION - BASIC AND DILUTED:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">Income from continuing operations</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">0.46</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">0.90</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">0.50</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1.37</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Discontinued operations</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(0.03</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">0.01</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">BASIC</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.46</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.87</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.50</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">1.38</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=17>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Income from continuing operations</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">0.46</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">0.90</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">0.50</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1.37</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">Discontinued operations</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(0.03</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">0.01</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">DILUTED</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.46</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.87</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">0.50</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">1.38</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=17>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">WEIGHTED AVERAGE NUMBER OF SHARES - BASIC</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,490</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,597</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,495</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,597</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=17>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">WEIGHTED AVERAGE NUMBER OF SHARES - DILUTED</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,490</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,597</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,495</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">3,612</FONT>  </TD>
  <TD width=1% align=left nowrap>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">See notes to consolidated condensed financial statements.</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 4 - </FONT></P>

<HR noshade align="center" width="100%" size=4>



<P align="left" style="page-break-before:always"></P><PAGE>

<P align="left" STYLE="border-bottom:2px solid #000000;">
<B><FONT size=2 face="serif">ARK RESTAURANTS CORP. AND SUBSIDIARIES</FONT></B><BR>
<B><FONT size=2 face="serif">CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)</FONT></B><BR>
<FONT size=2 face="serif">(In Thousands)</FONT></P>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=68% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="6" align=center nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">39 Weeks Ended</FONT>&nbsp;    </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <FONT size=2 face="serif">June 27, 2009</FONT>  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=3%>&nbsp;  </TD>
  <TD align=center nowrap colspan=2 style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">June 28, 2008</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=9>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=9>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">CASH FLOWS FROM OPERATING ACTIVITIES:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD width=3% align=left nowrap>&nbsp;  </TD>
  <TD width=9% align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=9% align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Net income</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1,733</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">4,966</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Adjustments to reconcile net income to net cash provided by operating activities:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Deferred income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(27</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Stock-based compensation</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">278</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">234</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Depreciation and amortization</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,687</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,208</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Equity in loss of affiliate</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">32</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Gain on disposal of discontinued operations</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">19</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Impairment loss on goodwill related to discontinued operations</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">294</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Income (loss) attributable to non-controlling interests</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(273</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">174</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Operating lease deferred credit</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(68</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(52</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Changes in operating assets and liabilities:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Accounts receivable</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">268</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(1,085</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Related party receivables</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(114</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(86</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Employee receivables</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(46</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">60</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Inventories</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(1</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(236</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Prepaid income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(799</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Prepaid expenses and other current assets</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(282</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(65</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Other assets</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(12</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(405</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Accounts payable - trade</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(485</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">379</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Accrued income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(823</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">493</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Accrued expenses and other current liabilities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">211</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">356</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net cash provided by continuing operating activities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">2,306</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">7,227</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net cash provided by (used in) discontinued operating activities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(54</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">36</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net cash provided by operating activities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,252</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">7,263</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=9>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">CASH FLOWS FROM INVESTING ACTIVITIES:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Purchases of fixed assets</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(1,815</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(7,429</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Proceeds from sale of discontinued operations</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1,030</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Purchases of investment securities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(7,665</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(9,413</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Proceeds from sales of investment securities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">9,293</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">12,677</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Payments received on long-term receivables</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">90</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">84</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net cash used in continuing investing activities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(97</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(3,051</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net cash provided by discontinued investing activities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">134</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net cash used in investing activities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(97</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(2,917</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=9>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">CASH FLOWS FROM FINANCING ACTIVITIES:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Principal payments on note payable</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(144</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(134</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Dividends paid</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(1,556</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(4,748</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Purchase of treasury stock</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(500</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Payments received on stock option receivable</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">48</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">42</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Capital contributions from limited partners of non-controlling interest</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">-</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">1,400</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Distributions to limited partners of non-controlling interest</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(81</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(201</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Net cash used in financing activities</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(2,233</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(3,641</FONT>  </TD>
  <TD align=left valign="middle" nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">(78</FONT>  </TD>
  <TD align=left nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=right nowrap>
<FONT size=2 face="serif">705</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">CASH AND CASH EQUIVALENTS, Beginning of period</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">2,978</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">4,009</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">CASH AND CASH EQUIVALENTS, End of period</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">2,900</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">4,714</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=9>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp;<FONT size=2 face="serif">Cash paid during the period for:</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Interest</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">34</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">44</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
 &nbsp; &nbsp;<FONT size=2 face="serif">Income taxes</FONT>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">2,295</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
  <TD>&nbsp;  </TD>
  <TD align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">2,256</FONT>  </TD>
  <TD align=left nowrap>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">See notes to consolidated condensed financial statements. </FONT></P>
<P align="center">
<FONT size=2 face="serif">- 5 - </FONT></P>

<HR noshade align="center" width="100%" size=4>



<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
<B><U><FONT size=2 face="serif">ARK RESTAURANTS CORP. AND SUBSIDIARIES</FONT></U></B></P>
<P align="justify">
<B><FONT size=2 face="serif">NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS<br>
</FONT></B><FONT size=2 face="serif">June 27, 2009 </FONT></P>
<P align="justify">
<U><FONT size=2 face="serif">(Unaudited)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U></P>
<P align="justify">
<B><FONT size=2 face="serif">1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS </FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The consolidated condensed balance sheet as of June 27, 2009, which has been derived from audited financial statements included in the Form 10-K, and the unaudited interim consolidated and condensed financial statements
have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to form 10-Q and Article 10 of Regulation S-X. All adjustments that, in the
opinion of management, are necessary for a fair presentation for the periods presented have been reflected as required by Regulation S-X, Rule 10-01. Such adjustments are of a normal, recurring nature.  Accordingly, certain information and footnote
disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These consolidated condensed financial statements should be
read in conjunction with the consolidated financial statements and notes thereto included in the Company&#146;s annual report on Form 10-K for the year ended September 27, 2008.  The results of operations for interim periods are not necessarily
indicative of the operating results to be expected for the full year or any other interim period.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">PRINCIPLES OF CONSOLIDATION &#150; The consolidated interim financial statements include the accounts of the Company and all of its wholly-owned subsidiaries, partnerships and other entities in which it has a controlling
interest. Also included in the consolidated interim financial statements are certain variable interest entities, as discussed below. All significant intercompany balances and transactions have been eliminated in consolidation. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">SUBSEQUENT EVENTS &#150; Management has evaluated subsequent events after the balance sheet date and through August 11, 2009, the financial statement issuance date for appropriate accounting
and disclosure. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">RECLASSIFICATIONS</FONT><FONT size=2 face="serif"> </FONT><FONT size=2 face="serif">&#151; Certain reclassifications of prior period balances have been made to conform to the current period
presentation. In connection with the planned or actual sale or closure of various restaurants, the operations of these businesses have been presented as discontinued operations in the consolidated financial statements. Accordingly, the Company has
reclassified its statements of operations and cash flow data for the prior periods presented, in accordance with Statement of Financial Accounting Standards (&#147;SFAS&#148;) No. 144, &#147;Accounting for the Impairment or Disposal of Long-Lived
Assets&#148; (&#147;SFAS 144&#148;).</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">CASH AND CASH EQUIVALENTS &#151; Cash and cash equivalents, which primarily consist of money market funds, are stated at cost, which approximates fair value. For financial statement
presentation purposes, the Company considers all highly liquid investments having original maturities of three months or less to be cash equivalents. Outstanding checks in excess of account balances, typically vendor payments, payroll and other
contractual obligations disbursed on or near the last day of a reporting period are reported as a current liability in the accompanying consolidated balance sheets.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">AVAILABLE-FOR-SALE SECURITIES</FONT><B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">&#151; Available-for-sale securities consist primarily of US Treasury Bills and Notes, all
of which have a high degree of liquidity and are reported at fair value, with unrealized gains and losses recorded in accumulated other comprehensive income. The cost of investments in available-for-sale securities is determined on a specific
identification basis. Realized gains or losses and declines in value judged to be other than temporary, if any, are reported in other income, net. The Company evaluates its investments periodically for possible impairment and reviews factors such as
the length of time and extent to which fair value has been below cost basis and the Company's ability and intent to hold the investment for a period of time which may be sufficient for anticipated recovery in market value. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">FAIR VALUE - In September 2006, the Financial Accounting Standards Board (&#147;FASB&#148;) issued SFAS No. 157,</FONT><I><FONT size=2 face="serif"> &#147;Fair Value
Measurements</FONT></I><FONT size=2 face="serif">&#148; (&#147;SFAS 157&#148;), which, among other requirements, eliminated the diversity in practice that exists due to the different definitions of fair value.  SFAS No. 157 retains the exchange
price notion in earlier definitions of fair value, but clarifies that the exchange price is the price in an orderly transaction between market participants to sell an asset or liability in the principal or most advantageous market for the asset or
liability. SFAS No. 157 states that the transaction is hypothetical at the measurement date, considered from the perspective of the market participant who holds the asset or liability. As such, fair value is defined as the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price), as opposed to the price that would be paid to acquire the asset or received to assume the
liability at the measurement date (an entry price). SFAS No. 157 also establishes a three-level hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair
value.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In February 2008, the FASB issued FASB Staff Position No. 157-2, effective date of FASB Statement No. 157,</FONT><I><FONT size=2 face="serif"> </FONT></I><FONT size=2 face="serif">which delays
the effective date of SFAS No. 157 for all non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). The Company
adopted</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 6 -</FONT></P>

<HR noshade align="center" width="100%" size=4>



<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
<FONT size=2 face="serif">the provisions of SFAS No. 157 on December 27, 2008 and elected the deferral option for non-financial assets and liabilities. The effect of adopting this standard was not significant.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In October 2008, the FASB issued FASB Staff Position No. 157-3, </FONT><I><FONT size=2 face="serif">&#147;Determining the Fair Value of a Financial Asset When the Market for That Asset Is Not
Active&#148;</FONT></I><FONT size=2 face="serif"> (&#147;FSP No. 157-3&#148;). FSP No. 157-3 applies to financial assets within the scope of accounting pronouncements that require or permit fair value measurements in accordance with SFAS No. 157.
FSP No. 157-3 clarifies the application of SFAS No. 157 in a market that is not active and provides an example to illustrate key conditions in determining the fair value of a financial asset when the market for that financial asset is not active.
FSP No. 157-3 became effective upon issuance including prior periods for which financial statements have not been issued. The Company&#146;s adopted the provisions of FSP No. 157-3 effective December 27, 2008. The effect of adopting this standard
was not significant. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability on the measurement date. The three levels are defined as follows:</FONT></P>
<UL>
<LI>
<P align="justify"><FONT size=2 face="serif">Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for an identical asset or liability in an</FONT> <FONT size=2 face="serif">active market.</FONT></P></LI>
<LI>
<P align="justify"><FONT size=2 face="serif">Level 2 - inputs to the valuation methodology include quoted prices for a similar asset or liability in an active market</FONT> <FONT size=2 face="serif">or model-derived valuations in which all
significant inputs are observable for substantially the full term of the asset or</FONT> <FONT size=2 face="serif">liability.</FONT></P></LI>
<LI>
<P align="justify"><FONT size=2 face="serif">Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement of the</FONT> <FONT size=2 face="serif">asset or liability.</FONT></P></LI>
</UL>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following table presents assets and liabilities measured at fair value on a recurring basis as of June 27, 2009 by SFAS No. 157 valuation hierarchy: (in thousands)</FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Level 1</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Level 2</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Level 3</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Carrying Value</FONT></B>&nbsp;  </TD>
  </TR>
<TR>
  <TD colspan=13>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">Available for sale securities</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">7,627</FONT></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">7,627</FONT></TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Total assets at fair value</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">7,627</FONT></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">7,627</FONT></TD>
</TR>
</TABLE>
<BR>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company&#146;s available-for-sale securities, which primarily consist of United States Treasury Bills and Notes, are actively traded and the valuation of such securities is based upon
quoted market prices. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The carrying amounts of cash equivalents, investments, receivables, accounts payable, and accrued expenses approximate fair value due to the immediate or short-term maturity of these financial
instruments.  The fair value of notes payable is determined using current applicable rates for similar instruments as of the balance sheet date and approximates the carrying value of such debt. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In February 2007, the FASB issued SFAS No. 159, </FONT><I><FONT size=2 face="serif">&#147;The Fair Value Option for Financial Assets and Financial Liabilities &#151; Including an amendment of
FASB Statement No. 115&#148;</FONT></I><FONT size=2 face="serif"> (&#147;SFAS No. 159&#148;). Under SFAS No. 159, a company may elect to measure eligible financial assets and financial liabilities at fair value. Unrealized gains and losses on items
for which the fair value option has been elected are reported in earnings at each subsequent reporting date.  If elected, SFAS No. 159 is effective for fiscal years beginning after November 15, 2007. The Company did not elect to begin reporting any
financial assets or liabilities at fair value upon adoption of SFAS No. 159 on September 27, 2008 and we did not elect to report at fair value any new financial assets or liabilities entered during the quarter ended June 27, 2009.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">NEW ACCOUNTING STANDARDS ADOPTED IN FISCAL 2009</FONT><B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">&#151; In April 2009 the FASB issued Staff Position No. 107-1 and APB
28-1, &#147;</FONT><I><FONT size=2 face="serif">Interim Disclosures about Fair</FONT></I><FONT size=2 face="serif"> </FONT><I><FONT size=2 face="serif">Value of Financial Instruments</FONT></I><FONT size=2 face="serif">&#148; (&#147;FSP 107-1 and
APB 28-1&#148;). This FSP amends SFAS No. 107, &#147;</FONT><I><FONT size=2 face="serif">Disclosure about Fair Value of</FONT></I><FONT size=2 face="serif"> </FONT><I><FONT size=2 face="serif">Financial Instruments</FONT></I><FONT size=2 face="serif">&#148; and APB Opinion No. 28, &#147;</FONT><I><FONT size=2 face="serif">Interim Financial Reporting</FONT></I><FONT size=2 face="serif">&#148;, to require disclosures about fair value in interim financial statements as well as in
annual financial statements. FSP 107-1 and APB 28-1 applies to all financial instruments within the scope of SFAS No. 107 and requires all entities to disclose the methods and significant assumptions used to estimate the fair value of financial
instruments. FSP 107-1 and APB 28-1 are effective for interim and annual periods ending after June 15, 2009 and do not require comparative disclosure for earlier periods presented upon initial adoption. The Company adopted FSP 107-1 and APB 28-1
during the third fiscal quarter of 2009, and its application had no impact on the Company&#146;s condensed consolidated financial statements. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In June 2009, the FASB issued SFAS No. 165, &#147;</FONT><I><FONT size=2 face="serif">Subsequent Events</FONT></I><FONT size=2 face="serif">&#148; (&#147;SFAS 165&#148;). SFAS 165 incorporates
the subsequent events guidance contained in the auditing standards literature into authoritative accounting literature. It also requires entities to disclose the date through which they have evaluated subsequent events and whether the date
corresponds with the</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 7 -</FONT></P>

<HR noshade align="center" width="100%" size=4>



<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
<FONT size=2 face="serif">release of their financial statements. SFAS 165 is effective for all interim and annual periods ending after June 15, 2009. We adopted SFAS 165 upon its issuance and it had no material impact on our consolidated financial
statements.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">NEW ACCOUNTING STANDARDS NOT YET ADOPTED &#151; In December 2007, the FASB issued SFAS No. 141 (Revised),</FONT><I><FONT size=2 face="serif"> &#147;Business Combinations&#148;</FONT></I><FONT size=2 face="serif"> (SFAS 141R), which establishes principles and requirements for the reporting entity in a business combination, including recognition and measurement in the financial statements of the identifiable assets acquired, the
liabilities assumed, and any noncontrolling interest in the acquiree. This statement also establishes disclosure requirements to enable financial statement users to evaluate the nature and financial effects of the business combination. SFAS 141R
applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008. SFAS 141R will become effective for our fiscal year beginning
October 4, 2009. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In December 2007, the FASB issued SFAS No. 160,</FONT><I><FONT size=2 face="serif"> &#147;Noncontrolling Interests in Consolidated Financial Statements&#151;an amendment of ARB&#148; No.
51,</FONT></I><FONT size=2 face="serif"> (&#147;SFAS 160&#148;), which amends Accounting Research Bulletin No. 51,</FONT><I><FONT size=2 face="serif"> &#147;Consolidated Financial Statements&#148;</FONT></I><FONT size=2 face="serif"> (&#147;ARB No.
51&#148;)</FONT><I><FONT size=2 face="serif">,</FONT></I><FONT size=2 face="serif"> to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary.  This standard defines a
noncontrolling interest, previously referred to as minority interest, as the portion of equity in a subsidiary not attributable, directly or indirectly, to a parent. SFAS 160 requires, among other items, that a noncontrolling interest be included in
the consolidated balance sheet within equity separate from the parent&#146;s equity; consolidated net income to be reported at amounts inclusive of both the parent&#146;s and noncontrolling interest&#146;s shares and, separately, the amounts of
consolidated net income attributable to the parent and noncontrolling interest all on the consolidated statement of income; and if a subsidiary is deconsolidated, any retained noncontrolling equity investment in the former subsidiary be measured at
fair value and a gain or loss be recognized in net income based on such fair value. SFAS 160 is effective for fiscal years beginning after December 15, 2008, which corresponds to the Company&#146;s fiscal year beginning October 4, 2009. The Company
is currently evaluating the potential impact of adopting SFAS 160 on its consolidated financial statements.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In April 2008, the FASB issued FASB Staff Position 142-3, &#147;</FONT><I><FONT size=2 face="serif">Determination of the Useful Life of Intangible Assets&#148; </FONT></I><FONT size=2 face="serif">(&#147;FSP FAS 142-3&#148;), which amends the list of factors an entity should consider in developing renewal or extension assumptions in determining the useful life of recognized intangible assets under FAS No. 142, Goodwill and Other
Intangible Assets. The new guidance applies to (1) intangible assets that are acquired individually or with a group of other assets and (2) intangible assets acquired in both business combinations and asset acquisitions. Under FSP FAS 142-3,
entities estimating the useful life of a recognized intangible asset must consider their historical experience in renewing or extending similar arrangements or, in the absence of historical experience, must consider assumptions that market
participants would use about renewal or extension. FSP FAS 142-3 is effective for fiscal years beginning after December 15, 2008, which corresponds to the Company&#146;s fiscal year beginning October 4, 2009. The Company is currently evaluating the
impact that the adoption of FSP FAS 142-3 may have on its consolidated financial statements and related disclosures. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In June 2009, the FASB issued SFAS No. 167, &#147;</FONT><I><FONT size=2 face="serif">Amendments to FASB Interpretation</FONT></I><FONT size=2 face="serif"> </FONT><I><FONT size=2 face="serif">No. 46(R)</FONT></I><FONT size=2 face="serif">&#148; (&#147;SFAS 167&#148;). SFAS 167 amends the consolidation guidance applicable to variable interest entities and is effective as of the beginning of the first annual reporting period
that begins after November 15, 2009, which corresponds to the Company&#146;s fiscal year beginning October 3, 2010. The Company is currently evaluating the impact that the adoption of SFAS 167 may have on its consolidated financial statements and
related disclosures. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In June 2009, the FASB issued SFAS No. 168, &#147;</FONT><I><FONT size=2 face="serif">The FASB Accounting Standards Codification</FONT></I><I><SUP><FONT size=2 face="serif">TM</FONT></SUP></I><I><FONT size=2 face="serif"> and the Hierarchy of Generally Accepted Accounting Principles&#151;a replacement of FASB Statement No. 162</FONT></I><FONT size=2 face="serif">&#148; (&#147;SFAS 168&#148;). The FASB
Accounting Standards Codification (the Codification) will become the source of authoritative U.S. generally accepted accounting principles (U.S. GAAP). The Codification, which changes the referencing of financial standards, is effective for interim
or annual financial periods ending after September 15, 2009. The Codification is not intended to change or alter existing U.S. GAAP.</FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">2. RECEIVABLES FROM EMPLOYEES IN RESPECT OF STOCK OPTION EXERCISES </FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Receivables from employees in respect of stock option exercises includes amounts due from officers and directors totaling &#36;76,000 and &#36;124,000 at June 27, 2009 and September 27, 2008,
respectively. Such amounts, which are due from the exercise of stock options in accordance with the Company&#146;s Stock Option Plan, are payable on demand with interest at &frac12;% above prime (3.25% at June 27, 2009). </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">3. INCOME TAX</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The income tax provisions on continuing operations for the 39-week periods ended June 27, 2009 and June 28, 2008 reflect effective tax rates of 32.5% (including the tax benefit disclosed below)
and 34.5%, respectively. The Company expects its annual tax rate for its current fiscal year to be approximately 34.0% to 38.0% . The final annual tax rate cannot be determined until the end of the fiscal year; therefore, the actual tax rate could
differ from our current estimates. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">During the 39-week period ended June 27, 2009, the Company recognized a tax benefit of &#36;118,000 principally as a result of reducing its long term income tax liability for unrecognized tax
benefits due to the resolution of a tax audit.</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 8 -</FONT></P>

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<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
<B><FONT size=2 face="serif">4. INCOME PER SHARE OF COMMON STOCK</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> </FONT><FONT size=2 face="serif">Net income per share is computed in accordance with Statement of Financial Accounting Standards No. 128, </FONT><I><FONT size=2 face="serif">Earnings Per
Share</FONT></I><FONT size=2 face="serif">, and is calculated on the basis of the weighted average number of common shares outstanding during each period plus, for diluted earnings per share, the additional dilutive effect of potential common stock.
Potential common stock using the treasury stock method consists of dilutive stock options and warrants.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">For the 13-week and 39-week periods ended June 27, 2009, options to purchase 152,500 shares of common stock at a price of &#36;29.60, options to purchase 100,000 shares of common stock at a
price of &#36;32.15 and options to purchase 176,600 shares of common stock at a price of &#36;12.04 were not included in diluted earnings per share as their impact was antidilutive.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">For the 13-week period ended June 28, 2008, options to purchase 166,500 shares of common stock at a price of &#36;29.60 were included in diluted earnings per share. Options to purchase 105,000
shares of common stock at a price of &#36;32.15 were not included in diluted earnings per share as their impact was antidilutive for the 13-week period ended June 28, 2008. For the 39-week period ended June 29, 2008, options to purchase 271,500
shares of common stock at a price range of &#36;29.60 - &#36;32.15 were included in earning per share. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">During the 13-week and 39-week periods ended June 27, 2009, options to purchase 176,600 shares of common stock at a price of &#36;12.04 were issued. </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">5. SHARE-BASED COMPENSATION</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company has options outstanding under its 2004 Stock Option Plan (the &#147;2004 Plan&#148;). Options granted under the 2004 Plan are exercisable at prices at least equal to the fair market
value of such stock on the dates the options were granted. The options expire ten years after the date of grant. During fiscal 2005, options to purchase 194,000 shares of common stock were granted and are exercisable as to 50% of the shares
commencing on the first anniversary of the date of grant and as to an additional 50% commencing on the third anniversary of the date of grant. During fiscal 2007, options to purchase 105,000 shares of common stock were granted and are exercisable as
to 25% of the shares commencing on the first anniversary of the date of grant and as to an additional 25% commencing on each of the third, third and fourth anniversaries of the grant date.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">During fiscal 2009, options
to purchase 176,600 shares of common stock were granted and are exercisable as
to 50% of the shares commencing on the first anniversary of the date of grant
and as to an additional 50% commencing on the second anniversary of the date
of grant.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The fair value of each of the Company&#146;s
stock options is estimated on the date of grant using a Black-Scholes option-pricing
model that uses assumptions that relate to the expected volatility of the Company&#146;s common stock, the expected dividend yield of our stock, the expected life of the options and the risk free interest rate. The assumptions used for the 2009 grant include a risk free interest rate of 3.29%, volatility
of 42.7%, a dividend yield of 4.27% and an expected life of 5.75 years. The grant date fair value of stock options granted during the 13-weeks ended June 27, 2009 was &#36;3.53.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">A summary of stock option activity is presented below: </FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Weighted</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Weighted</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap>
<B><FONT size=2 face="serif">Weighted</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Average</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Average</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap>
<B><FONT size=2 face="serif">Average</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Aggregate</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Exercise</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Fair</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap>
<B><FONT size=2 face="serif">Contractual</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<B><FONT size=2 face="serif">Intrinsic</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<B><U><FONT size=2 face="serif">Options</FONT></U></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Shares</FONT></B>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:1px solid #000000;"><B><FONT size=2 face="serif">Price</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Value</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Term (Yrs.)</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Value</FONT></B>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=15>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Outstanding as September 27, 2008</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="serif">271,500</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="serif">30.59</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="serif">9.22</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="serif">7.01</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">Granted</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="serif">176,600</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="serif">12.04</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="serif">3.53</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="serif">9.87</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Exercised</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap>
<FONT size=2 face="serif">-</FONT></TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=10% align=center nowrap>
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=center width=10% nowrap>
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">Forfeited/Cancelled</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(</FONT><FONT size=2 face="serif">19,000</FONT>  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="serif">)</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="serif">30.27</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap>
<FONT size=2 face="serif">8.87</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap>
<FONT size=2 face="serif">6.01</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=15>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">Outstanding at June 27, 2009</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">429,100</FONT></TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">22.97</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">6.89</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">7.75</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=15>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">Exercisable at June 27, 2009</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">252,500</FONT>  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">30.61</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">9.24</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=right width=10% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">6.28</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=center nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Compensation cost is recognized on a straight-line basis over the vesting period during which employees perform related services. As of June 27, 2009 there was approximately &#36;880,000 of
unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a period of approximately 3 years. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Compensation cost for stock options is included in general and administrative expenses in the Company&#146;s consolidated condensed statements of operations. Compensation cost for stock options was &#36;122,000 and
&#36;78,000 for the 13-week periods</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 9 -</FONT></P>

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<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
<FONT size=2 face="serif">ending June 27, 2009 and June 28, 2008, respectively. Compensation cost for stock options was &#36;278,000 and &#36;234,000 for the 39-week periods ending June 27, 2009 and June 28, 2008, respectively. </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">6. INVESTMENT SECURITIES</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The amortized cost, gross unrealized holding gains, gross unrealized holding losses, and fair value of available for sale debt and fixed income securities by major type and class at June 27, 2009 are as follows (Dollar
amounts in thousands): </FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=44% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=right>&nbsp;</TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=center>&nbsp;</TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=44% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <B><FONT size=2 face="serif">Amortized Cost</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <B><FONT size=2 face="serif">Gross Unrealized<br>
Holding Gains</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
    <B><FONT size=2 face="serif">Gross Unrealized<br>
Holding Losses</FONT></B></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD colspan="2" align=center nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">Fair Value</FONT></B>&nbsp;  </TD>
  </TR>
<TR valign="bottom">
  <TD width=44% align=left nowrap>
<B><FONT size=2 face="serif">At June 27, 2009</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=44% align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Available for sale short-term:</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap>&nbsp;  </TD>
  <TD width=10% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;  </TD>
  <TD align=left width=10% nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=44% align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Government debt securities</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">7,612</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">15</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=2% align=left nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>&nbsp;  </TD>
  <TD width=10% align=right nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">-</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD align=left width=2% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">&#36;</FONT>  </TD>
  <TD align=right width=10% nowrap style="border-bottom:3px double #000000;">
<FONT size=2 face="serif">7,627</FONT></TD>
</TR>
</TABLE>
<BR>
<P align="justify">
<B><FONT size=2 face="serif">7. DIVIDENDS</FONT></B></P>

<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> A quarterly cash dividend in the amount of &#36;0.35 per share was declared on October 12, 2004. Subsequent to October 12, 2004, quarterly cash dividends in the amount of &#36;0.35 per share were declared October 10 and
December 20, 2006 and on April 12, 2007. We declared an increase in our quarterly cash dividend to &#36;0.44 per share on May 23, 2007 and subsequent quarterly cash dividends reflecting this increased amount were declared on October 12, 2007 and
January 11, April 11, July 11 and October 10, 2008. In addition, we declared a special cash dividend in the amount of &#36;3.00 per share on December 20, 2006. Prior to this, we had not paid any cash dividends since our inception. On December 18,
2008, our Board of Directors determined to suspend the dividend which would have customarily been declared in January 2009. For the foreseeable future, our dividend policy will be determined by our Board of Directors on a quarter by quarter basis.
No dividends were declared during the quarter ended June 27, 2009. </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">8. RELATED PARTY TRANSACTIONS</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Receivables due from officers and employees, excluding stock option receivables, totaled &#36;327,000</FONT><B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">at June 27, 2009
and &#36;281,000</FONT><B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">at September 27, 2008. Such loans bear interest at the minimum statutory rate (0.75% at June 27, 2009). </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">9. COMMON STOCK REPURCHASE PLAN</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">On March 25, 2008, the Board of Directors authorized a stock repurchase program under which up to 500,000 shares of the Company&#146;s common stock may be acquired in the open market over the
two years following such authorization at the Company's discretion. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company did not purchase any shares pursuant to our stock repurchase program during the quarter ended June 27, 2009.</FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 2. Management&#146;s Discussion and Analysis of Financial Condition and</FONT></U></B><B><FONT size=2 face="serif">   </FONT></B><B><U><FONT size=2 face="serif">Results of Operations</FONT></U></B><B><FONT size=2 face="serif"> </FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Certain reclassifications of prior period balances have been made to conform to the current period presentation. In connection with the planned or actual sale or closure of various restaurants,
the operations of these businesses have been presented as discontinued operations in the consolidated financial statements. Accordingly, the Company has reclassified its statements of operations and cash flow data for the prior periods presented, in
accordance with Statement of Financial Accounting Standards (&#147;SFAS&#148;) No. 144, &#147;Accounting for the Impairment or Disposal of Long-Lived Assets&#148; (&#147;SFAS 144&#148;). These dispositions are discussed below in &#147;Recent
Restaurant Dispositions.&#148; </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">Revenues</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">During the Company&#146;s third fiscal quarter of 2009, total revenues of &#36;31,123,000 decreased 13.7% compared to total revenues of &#36;36,077,000 in the third fiscal quarter of 2008.  The Company had net income of
&#36;1,597,000 in the third fiscal quarter of 2009 compared to net income of &#36;3,136,000 in the third fiscal quarter of 2008. Net income was negatively affected during the 13-week period ended June 27, 2009 as a result of &#36;100,000 in legal
expenses resulting from litigation related to one restaurant in New York City.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">On a company wide basis same store sales decreased 14.3% during the third fiscal quarter of 2009 compared to the same period last year.  Same store sales in Las Vegas decreased by
&#36;1,484,000 or 10.3% in the third fiscal quarter of 2009 compared to the third fiscal quarter of 2008. Same store sales in Las Vegas were negatively affected by the unwillingness of the public to engage in gaming activities and a decrease in
tourism and convention business, all related to the current economic conditions. Same store sales in New York decreased &#36;2,487,000 or 24.1% during the third quarter. Same store sales in New</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 10 -</FONT></P>

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<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
<FONT size=2 face="serif">York were particularly negatively affected during the quarter by unusually inclement weather with large amounts of rain, continuing layoffs and lack of new job creation, especially in the financial sector, a decrease in
corporate parties and a decrease in tourism and convention business related to the current economic conditions. Same store sales in Washington D.C. decreased by &#36;432,000 or 7.1% during the third quarter. Although the current economic conditions
do not seem to have affected the Washington D.C. region as much as other regions, unusually inclement weather with large amounts of rain, continuing layoffs and lack of new job creation, a decrease in corporate parties and a decrease in tourism and
convention business related to the current economic conditions all contributed to a decrease in sales. Same store sales in Atlantic City decreased by &#36;179,000, or 21.9%, in the third quarter. Same store sales in Atlantic City were negatively
affected by the unwillingness of the public to engage in gaming activities and a decrease in tourism and convention business related to the current economic conditions as well as the introduction of slot machine parlors in nearby Pennsylvania. Same
store sales in Connecticut decreased by &#36;51,000, or 11.4%, in the third quarter. Same store sales in Connecticut were negatively affected by the unwillingness of the public to engage in gaming activities related to the current economic
conditions. Same store sales in Boston decreased &#36;148,000 or 11.5% during the third quarter. Same store sales in Boston were negatively affected by unusually inclement weather with large amounts of rain and the current economic conditions.
</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">During the Company&#146;s 39-week period ended June 27, 2009, total revenues of &#36;81,672,000 decreased 10% compared to total revenues of &#36;90,764,000 in the 39-week period ended June 28,
2008. The Company had net income of &#36;1,733,000 in the 39-week period ended June 27, 2009 compared to net income of &#36;4,966,000 in the 39-week period ended June 28, 2008. Net income was negatively affected during the 39-week period ended June
27, 2009 as a result of approximately &#36;400,000 in legal expenses resulting from litigation related to one restaurant in New York City.</FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">Costs and Expenses</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Food and beverage costs for the third quarter of 2009 as a percentage of total revenues were 25.5% compared to 25.6% in the third quarter of 2008. These costs for the 39-weeks ended June 27,
2009 as a percentage of total revenues were 25.4% compared to 25.8% in the 39-week period ended June 28, 2008.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Payroll expenses as a
percentage of total revenues were 30.8% for the third quarter of 2009 as compared
to 28.1% in the third quarter of 2008. Payroll expenses as a percentage of total
revenues  were 32.6% for the 39-week period ended June 27, 2009 as compared to
30.9% for the 39-week period ended June 28, 2008. The increase in payroll expenses
as a percentage of revenue, for the 39-week period ended June 27, 2009, was primarily
due to a  decrease in sales. Occupancy expenses as a percentage of total revenues
were 13.3% during the third fiscal quarter of 2009 compared to 13.0% in the third
quarter of 2008. Occupancy expenses as a percentage of total revenues were 15.1%
during the  39-week period ended June 27, 2009 compared 13.5% for the 39-week
period ended June 28, 2008. </FONT><B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">Other
operating costs and expenses as a percentage of total revenues were 12.4%  during
the third fiscal quarter of 2009 compared to 11.3% in the third quarter of 2008.
The increase in other operating costs and expenses as a percentage of revenue
was due to decreased sales and &#36;100,000 of legal costs associated with
litigation incurred related to a New York City restaurant during the third fiscal
quarter of 2009. Other operating costs and expenses as a percentage of total
revenues were 13.5% for the 39-week period ended June 27, 2009 compared to 12.3%
for the  39-week period ended June 28, 2008. General and administrative expenses
as a percentage of total revenues were 7.1% during the third fiscal quarter of
2009 compared to 6.3% in the third quarter of 2008. General and administrative
expenses as a  percentage of total revenue were 8.4% for the 39-week period ended
June 27, 2009 compared to 7.3% for the 39-week period ended June 28, 2008. The
increase in general and administrative expenses as a percentage of revenue was
primarily due to  decreased sales. </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">Income Taxes</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The income tax provisions on continuing operations for the 39-week periods ended June 27, 2009 and June 28, 2008 reflect effective tax rates of 32.5% and 34.5%, respectively. The Company
expects its annual tax rate for its current fiscal year to be approximately 34% to 38%. The final annual tax rate cannot be determined until the end of the fiscal year; therefore, the actual tax rate could differ from our current estimates.
</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">During the 39-week period ended June 27, 2009, the Company recognized a tax benefit of &#36;118,000 principally as a result of reducing its long term income tax liability for unrecognized tax
benefits due to the resolution of a tax audit.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company&#146;s overall effective tax rate in the future will be affected by factors such as the level of losses incurred at the Company&#146;s New York facilities, which cannot be
consolidated for state and local tax purposes, pre-tax income earned outside of New York City, the utilization of state and local net operating loss carryforwards and the utilization of FICA tax credits. Nevada has no state income tax and other
states in which the Company operates have income tax rates substantially lower in comparison to New York. In order to utilize more effectively tax loss carryforwards at restaurants that were unprofitable, the Company has merged certain profitable
subsidiaries with certain loss subsidiaries. </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">Liquidity and Capital Resources</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company's primary source of capital has been cash provided by operations. The Company has, from time to time, utilized equipment financing in connection with the construction of a
restaurant and seller financing in connection with the acquisition of a restaurant. The Company utilizes cash from operations primarily to fund the cost of developing and opening new restaurants, acquiring existing restaurants owned by others and
remodeling existing restaurants owned by the Company. </FONT><B><FONT size=2 face="serif"> </FONT></B></P>
<P align="center">
<FONT size=2 face="serif">- 11 -</FONT></P>

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<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company had a working capital surplus of &#36;9,493,000</FONT><B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">at June 27, 2009 as compared to a working capital surplus of
&#36;9,144,000</FONT><B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">at September 27, 2008.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company&#146;s Revolving Credit and Term Loan Facility matured on March 12, 2005.  The Company does not currently plan to enter into another credit facility and expects required cash to be
provided by operations. </FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">Critical Accounting Policies</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The preparation of financial statements requires the application of certain accounting policies, which may require the Company to make estimates and assumptions of future events. In the process
of preparing its consolidated financial statements, the Company estimates the appropriate carrying value of certain assets and liabilities, which are not readily apparent from other sources. The primary estimates underlying the Company&#146;s
financial statements include allowances for potential bad debts on accounts and notes receivable, the useful lives and recoverability of its assets, such as property and intangibles, fair values of financial instruments, the realizable value of its
tax assets and other matters. Management bases its estimates on certain assumptions, which they believe are reasonable in the circumstances, and actual results, could differ from those estimates. Although management does not believe that any change
in those assumptions in the near term would have a material effect on the Company&#146;s consolidated financial position or the results of operation, differences in actual results could be material to the financial statements.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company&#146;s critical accounting policies are described in the Company&#146;s Form 10-K for the year ended September 27, 2008. There have been no significant changes to such policies
during fiscal 2009, other than the implementation of FASB Interpretation No. 157, "Fair Value Measurements."</FONT></P>
<P align="justify">
<B><FONT size=2 face="serif">Recent Accounting Developments</FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Financial Accounting
Standards Board has recently issued the following accounting pronouncements which
have not yet been adopted:</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In December 2007, the FASB issued
    SFAS No. 141 (Revised),<I> &#147;Business
  Combinations&#148;</I> (SFAS 141R), which establishes
  principles and requirements for the reporting entity in a business combination,
  including  recognition and measurement in the financial statements of the identifiable
  assets acquired, the liabilities assumed, and any noncontrolling interest in
  the acquiree. This statement also establishes disclosure requirements to enable
  financial  statement users to evaluate the nature and financial effects of
  the business combination. SFAS 141R applies prospectively to business combinations
  for which the acquisition date is on or after the beginning of the first annual
  reporting period  beginning on or after December 15, 2008. SFAS 141R will become
  effective for our fiscal year beginning October 4, 2009. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In December 2007, the FASB issued SFAS No. 160,</FONT><I><FONT size=2 face="serif"> &#147;Noncontrolling Interests in Consolidated Financial Statements&#151;an amendment of ARB&#148; No.
51,</FONT></I><FONT size=2 face="serif"> (&#147;SFAS 160&#148;), which amends Accounting Research Bulletin No. 51,</FONT><I><FONT size=2 face="serif"> &#147;Consolidated Financial Statements&#148;</FONT></I><FONT size=2 face="serif"> (&#147;ARB No.
51&#148;)</FONT><I><FONT size=2 face="serif">,</FONT></I><FONT size=2 face="serif"> to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary.  This standard defines a
noncontrolling interest, previously referred to as minority interest, as the portion of equity in a subsidiary not attributable, directly or indirectly, to a parent. SFAS 160 requires, among other items, that a noncontrolling interest be included in
the consolidated balance sheet within equity separate from the parent&#146;s equity; consolidated net income to be reported at amounts inclusive of both the parent&#146;s and noncontrolling interest&#146;s shares and, separately, the amounts of
consolidated net income attributable to the parent and noncontrolling interest all on the consolidated statement of income; and if a subsidiary is deconsolidated, any retained noncontrolling equity investment in the former subsidiary be measured at
fair value and a gain or loss be recognized in net income based on such fair value. SFAS 160 is effective for fiscal years beginning after December 15, 2008, which corresponds to the Company&#146;s fiscal year beginning October 4, 2009. The Company
is currently evaluating the potential impact of adopting SFAS 160 on its consolidated financial statements.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In April 2008, the FASB issued FASB Staff Position 142-3, &#147;</FONT><I><FONT size=2 face="serif">Determination of the Useful Life of Intangible Assets&#148; </FONT></I><FONT size=2 face="serif">(&#147;FSP FAS 142-3&#148;), which amends the list of factors an entity should consider in developing renewal or extension assumptions in determining the useful life of recognized intangible assets under FAS No. 142, Goodwill and Other
Intangible Assets. The new guidance applies to (1) intangible assets that are acquired individually or with a group of other assets and (2) intangible assets acquired in both business combinations and asset acquisitions. Under FSP FAS 142-3,
entities estimating the useful life of a recognized intangible asset must consider their historical experience in renewing or extending similar arrangements or, in the absence of historical experience, must consider assumptions that market
participants would use about renewal or extension. FSP FAS 142-3 is effective for fiscal years beginning after December 15, 2008, which corresponds to the Company&#146;s fiscal year beginning October 4, 2009. The Company is currently evaluating the
impact that the adoption of FSP FAS 142-3 may have on its consolidated financial statements and related disclosures. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In June 2009, the FASB issued SFAS No. 167, &#147;</FONT><I><FONT size=2 face="serif">Amendments to FASB Interpretation</FONT></I><FONT size=2 face="serif"> </FONT><I><FONT size=2 face="serif">No. 46(R)</FONT></I><FONT size=2 face="serif">&#148; (&#147;SFAS 167&#148;). SFAS 167 amends the consolidation guidance applicable to variable interest entities and is effective as of the beginning of the first annual reporting period
that begins after November 15, 2009, which corresponds to the Company&#146;s fiscal year beginning October</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 12 -</FONT></P>

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<P align="left" style="page-break-before:always"></P><PAGE>

<P align="justify">
<FONT size=2 face="serif">3, 2010. The Company is currently evaluating the impact that the adoption of SFAS 167 may have on its consolidated financial statements and related disclosures. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In June 2009, the FASB issued SFAS No. 168, &#147;</FONT><I><FONT size=2 face="serif">The FASB Accounting Standards Codification</FONT></I><I><SUP><FONT size=2 face="serif">TM</FONT></SUP></I><I><FONT size=2 face="serif"> and the Hierarchy of Generally Accepted Accounting Principles&#151;a replacement of FASB Statement No. 162</FONT></I><FONT size=2 face="serif">&#148; (&#147;SFAS 168&#148;). The FASB
Accounting Standards Codification (the Codification) will become the source of authoritative U.S. generally accepted accounting principles (U.S. GAAP). The Codification, which changes the referencing of financial standards, is effective for interim
or annual financial periods ending after September 15, 2009. The Codification is not intended to change or alter existing U.S. GAAP.</FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 3. Quantitative and Qualitative Disclosures about Market Risk</FONT></U></B><B><FONT size=2 face="serif"> </FONT></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company purchases commodities such as chicken, beef, lobster and shrimp for the Company&#146;s restaurants. The prices of these commodities may be volatile depending upon market conditions.
The Company does not purchase forward commodity contracts because the changes in prices for them have historically been short-term in nature and, in the Company&#146;s view, the cost of the contracts is in excess of the benefits. </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company&#146;s business is also highly seasonal and dependent on the weather. Outdoor seating capacity, such as terraces and sidewalk cafes, are available for dining only in the warm
seasons and then only in clement weather. </FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 4T. Controls and Procedures</FONT></U></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Based on their evaluation, the Company&#146;s principal executive officer and principal financial officer have concluded that the Company&#146;s disclosure controls and procedures (as defined
in Rules 13a-14(c) and 15d-14(c) under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) are effective as of June 27, 2009 to ensure that information required to be disclosed by the Company in reports that the Company
files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.</FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">There were no changes in the Company&#146;s internal control over financial reporting during the third quarter of fiscal year 2009 that materially affected or are reasonably likely to
materially affect the Company&#146;s internal control over financial reporting.</FONT></P>
<P align="center">
<FONT size=2 face="serif">- 13 -</FONT></P>

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<P align="center">
<B><FONT size=2 face="serif">PART II </FONT></B><BR>
<B><FONT size=2 face="serif">OTHER INFORMATION</FONT></B></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 1. Legal Proceedings</FONT></U></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Company is not subject to any other pending legal proceedings, other than ordinary routine claims incidental to its business, which the Company does not believe will materially impact
results of operations</FONT><FONT size=2 face="serif">.</FONT><FONT face="serif"> </FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 1A. Risk Factors</FONT></U></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The most significant risk factors applicable to the Company are described in Part I, Item 1A (Risk Factors) of the Company&#146;s Annual Report on Form 10-K for the fiscal year ended September 27, 2008 (the &#147;2008 Form
10-K&#148;). There have been no material changes to the risk factors previously disclosed in the 2008 Form 10-K. The risks described in the 2008 Form 10-K are not the only risks facing the Company. Additional risks and uncertainties not currently
known to management may materially adversely affect the Company&#146;s business, financial condition, and/or operating results. </FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 2. Unregistered Sales of Equity Securities and Use of Proceeds</FONT></U></B><FONT size=2 face="serif"> </FONT></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following table sets forth information regarding purchases of our common stock by us and any affiliated purchasers during the three months ended June 27, 2009. Stock repurchases may be made
in the open market or in private transactions at times and in amounts that we deem appropriate. However, there is no guarantee as to the exact number of additional shares that may be repurchased, and we may terminate or limit the stock repurchase
program at any time prior to its expiration. We will cancel the repurchased shares.</FONT><B><FONT size=2 face="serif"> </FONT></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD colspan=9 align=center>
<B><FONT size=2 face="serif">ISSUER PURCHASES OF EQUITY SECURITIES</FONT></B>  </TD>
  </TR>
<TR>
  <TD colspan=9>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">(c) Total Number</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">(d) Maximum Number</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="serif">(a) Total</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">(b)</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">of Shares (or Units)</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">(or Approximate Dollar</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="serif">Number of</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Average</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Purchased as Part</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Value) of Shares (or</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="serif">Shares (or</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Price Paid</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">of Publicly</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Units) that May Yet Be</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="serif">Units)</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">per Share</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Announced Plans</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Purchased Under the</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>
<B><FONT size=2 face="serif">Period</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<B><FONT size=2 face="serif">Purchased</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">(or Unit)</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">or Programs</FONT></B>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<B><FONT size=2 face="serif">Plans or Programs(1)</FONT></B>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">Month &nbsp;&nbsp;&nbsp;#1</FONT></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">March 29,</FONT>&nbsp;
<FONT size=2 face="serif">2009</FONT>&nbsp; </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">Not Applicable</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">393,043</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">through</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">April 27, 2009</FONT>&nbsp;  </TD>
  <TD align=left width=2% nowrap>&nbsp;</TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">Month&nbsp;&nbsp;&nbsp; #2</FONT></TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">April 28,</FONT><FONT size=2 face="serif"> 2009</FONT>&nbsp;  &nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">Not Applicable</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">393,043</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">through</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left nowrap>
<FONT size=2 face="serif">May 27, 2009</FONT>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">Month&nbsp;&nbsp;&nbsp; #3</FONT> </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">May 28, 2009</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">Not Applicable</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">393,043</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">through</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom" bgcolor="#E5FFFF">
  <TD align=left nowrap>
<FONT size=2 face="serif">June 27, 2009</FONT>&nbsp;  </TD>
  <TD align=left nowrap>&nbsp;</TD>
  <TD width=12% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left nowrap>
<FONT size=2 face="serif">Total</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=12% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">Not Applicable</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">0</FONT>&nbsp;  </TD>
  <TD width=2%>&nbsp;  </TD>
  <TD width=15% align=center nowrap>
<FONT size=2 face="serif">393,043</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(1) On March 25, 2008, our Board of Directors authorized a stock repurchase program under which up to 500,000 shares of our common stock may be acquired in the open market over the two years
following such authorization at our discretion. In periods prior to the third fiscal quarter of 2009 we purchased an aggregate 106,957 shares of our common stock. </FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 3. Defaults upon Senior Securities</FONT></U></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">None.</FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 4. Submissions of Matters to a Vote of Security Holders</FONT></U></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">None.</FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 5. Other Information</FONT></U></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">None.</FONT></P>
<P align="justify">
<B><U><FONT size=2 face="serif">Item 6. Exhibits</FONT></U></B></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
  <TD width="5%" valign=top nowrap><FONT size=2 face="serif">31.1</FONT></TD>
  <TD width=95%><FONT size=2 face="serif">Certification of Principal Executive Officer
    Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</FONT></TD>
</TR>
<TR>
  <TD width="5%" valign=top nowrap>&nbsp;</TD>
  <TD width=95%>&nbsp;</TD>
</TR>
<TR>
  <TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">31.2</FONT></TD>
  <TD width=95%>
<P align="justify"><FONT size=2 face="serif">Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.</FONT></P>  </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
  <TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">32</FONT></TD>
  <TD width=95%>
<P align="justify"><FONT size=2 face="serif">Certificate of Chief Executive and Chief Financial Officers Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</FONT></P>  </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE><P align="center">
<FONT size=2 face="serif">- 14 -</FONT></P>

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<P align="left" style="page-break-before:always"></P><PAGE>


<P align="center">
<B><U><FONT size=2 face="serif">SIGNATURES</FONT></U></B></P>
<P align="justify">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
</FONT></P>
<P align="justify">&nbsp;</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=5% align=left nowrap><FONT size=2 face="serif">Date:</FONT></TD>
  <TD width=95% align=left nowrap><FONT size=2 face="serif">August 11, 2009 </FONT></TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>&nbsp;</TD>
  <TD width=95% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>&nbsp;  </TD>
  <TD width=95% align=left nowrap>
<B><FONT size=2 face="serif">ARK RESTAURANTS CORP.</FONT></B>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=2>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>
<FONT size=2 face="serif">By:</FONT></TD>
  <TD width=95% align=left nowrap>
<U><FONT size=2 face="serif">/s/ Michael Weinstein</FONT></U>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>&nbsp;  </TD>
  <TD width=95% align=left nowrap>
<FONT size=2 face="serif">Michael Weinstein</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>&nbsp;  </TD>
  <TD width=95% align=left nowrap>
<FONT size=2 face="serif">Chairman &amp; Chief Executive Officer</FONT>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=2>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>
<FONT size=2 face="serif">By:</FONT></TD>
  <TD width=95% align=left nowrap>
<U><FONT size=2 face="serif">/s/ Robert J. Stewart</FONT></U>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>&nbsp;  </TD>
  <TD width=95% align=left nowrap>
<FONT size=2 face="serif">Robert J. Stewart</FONT>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=5% align=left nowrap>&nbsp;  </TD>
  <TD width=95% align=left nowrap>
<FONT size=2 face="serif">Chief Financial Officer</FONT>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">- 15 -</FONT></P>

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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>c58435_ex31-1.htm
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<P align="right">
<B><FONT size=2 face="serif">EXHIBIT 31.1</FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO <br>
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="justify">
<FONT size=2 face="serif">I, Michael Weinstein and Chief Executive Officer of Ark Restaurants Corp., certify that:</FONT></P>


<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="3%"><FONT size=2 face="serif">1.</FONT></td>
    <td colspan="2"><FONT size=2 face="serif">I have reviewed this quarterly
    report on Form 10-Q of Ark Restaurants Corp. </FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%" valign="top"><FONT size=2 face="serif">2.</FONT></td>
    <td colspan="2"><FONT size=2 face="serif">Based on my knowledge, this
        report does not contain any untrue statement of a material fact or omit
        to state a material fact necessary to make the statements made, in light
        of the circumstances under which such statements were made, not misleading
    with respect to the period covered by this report;</FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%" valign="top"><FONT size=2 face="serif">3.</FONT></td>
    <td colspan="2"><FONT size=2 face="serif">Based on my knowledge, the financial
        statements, and other financial information included in this report,
        fairly present in all material respects the financial condition, results
        of operations and cash flows of the registrant as of, and for, the periods
    presented in this report;</FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%" valign="top"><FONT size=2 face="serif">4.</FONT></td>
    <td colspan="2"><FONT size=2 face="serif">The registrant&#146;s other
        certifying officer(s) and I are responsible for establishing and maintaining
        disclosure controls and procedures (as defined in Exchange Act Rules
        13a-15(e) and 15d-15(e)) </FONT><B><FONT face="serif"> </FONT></B><FONT size=2 face="serif"> and
        internal control over financial reporting (as defined in Exchange Act
    Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%" valign="top"><FONT size=2 face="serif">a)</FONT></td>
    <td width="93%"><FONT size=2 face="serif">Designed such disclosure controls
        and procedures, or caused such disclosure controls and procedures to
        be designed under our supervision, to ensure that material information
        relating to the registrant, including its consolidated subsidiaries,
        is made known to us by others within those entities, particularly during
    the period in which this report is being prepared;</FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%" valign="top"><FONT size=2 face="serif">b)</FONT></td>
    <td width="93%"><FONT size=2 face="serif">Designed such internal control
        over financial reporting, or caused such internal control over financial
        reporting to be designed under our supervision, to provide reasonable
        assurance regarding the reliability of financial reporting and the preparation
        of financial statements for external purposes in accordance with generally
    accepted accounting principles;</FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%" valign="top"><FONT size=2 face="serif">c)</FONT></td>
    <td width="93%"><FONT size=2 face="serif">Evaluated the effectiveness
        of the registrant&#146;s disclosure controls and procedures and presented
        in this report our conclusions about the effectiveness of the disclosure
        controls and procedures, as of the end of the period covered by this
    report based on such evaluation; and</FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%" valign="top"><FONT size=2 face="serif">d)</FONT></td>
    <td width="93%"><FONT size=2 face="serif">Disclosed in this report any
        change in the registrant&#146;s internal control over financial reporting
        that occurred during the registrant&#146;s most recent fiscal quarter
        (the registrant&#146;s fourth fiscal quarter in the case of an annual
        report) that has materially affected, or is reasonably likely to materially
        affect, the registrant&#146;s internal control over financial reporting;
    and</FONT></td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="93%">&nbsp;</td>
  </tr>
  <tr>
    <td width="3%" valign="top"><FONT size=2 face="serif">5.</FONT></td>
    <td colspan="2"><FONT size=2 face="serif">The registrant&#146;s other
        certifying officer(s) and I have disclosed, based on our most recent
        evaluation of internal control over financial reporting, to the registrant&#146;s
        accountants and the audit committee of the registrant&#146;s board of
    directors (or persons performing the equivalent functions):</FONT></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
<TR>
  <TD width="3%" valign=top nowrap>&nbsp;</TD>
  <TD width="4%" valign=top nowrap>
<FONT size=2 face="serif">a)</FONT></TD>
  <TD width=93%>
<P align="justify"><FONT size=2 face="serif">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability
to record, process, summarize and report financial information; and</FONT></P>  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
  <TD width="3%" valign=top nowrap>&nbsp;</TD>
  <TD width="4%" valign=top nowrap>
<FONT size=2 face="serif">b)</FONT></TD>
  <TD width=93%>
<P align="justify"><FONT size=2 face="serif">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</FONT></P>  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P align="justify">
<FONT size=2 face="serif">Dated: August 11, 2009 </FONT><BR>
<BR>
<U><FONT size=2 face="serif">/s/ MICHAEL WEINSTEIN </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
<BR>
<B><FONT size=2 face="serif">Michael Weinstein</FONT></B><FONT size=2 face="serif"> </FONT><BR>
<I><FONT size=2 face="serif">Chairman and Chief Executive Officer</FONT></I></P>
<P align="center">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>c58435_ex31-2.htm
<TEXT>

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<P align="right">
<B><FONT size=2 face="serif">EXHIBIT 31.2</FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO<br>
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 </FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="justify">
<FONT size=2 face="serif">I, Robert Stewart, Chief Financial Officer of Ark Restaurants Corp., certify that:</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR>
    <TD valign=top nowrap><FONT size=2 face="serif">1.</FONT></TD>
    <TD colspan="2" valign=top><FONT size=2 face="serif">I have reviewed this quarterly report on
    Form 10-Q of Ark Restaurants Corp. </FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap><FONT size=2 face="serif">2.</FONT></TD>
    <TD colspan="2" valign=top><FONT size=2 face="serif">Based on my knowledge, this report does
        not contain any untrue statement of a material fact or omit to state
        a material necessary to make the statements made, in light of the circumstances
        under which such statements were made, misleading with respect to the
    period covered by this report;</FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap><FONT size=2 face="serif">3.</FONT></TD>
    <TD colspan="2" valign=top><FONT size=2 face="serif">Based on my knowledge, the financial statements,
        and other financial information included in this report, fairly present
        all material respects the financial condition, results of operations
        and cash flows of the registrant as of, and for, the periods presented
    in this report;</FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap><FONT size=2 face="serif">4.</FONT></TD>
    <TD colspan="2" valign=top><FONT size=2 face="serif">The registrant&#146;s
        other certifying officer(s) and I are responsible for establishing and
        maintaining disclosure controls an procedures (as defined in Exchange
        Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
        reporting defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) </FONT><B><FONT face="serif"> </FONT></B><FONT size=2 face="serif"> for
    the registrant and have: </FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap><FONT size=2 face="serif">a)</FONT></TD>
    <TD valign="top"><FONT size=2 face="serif"> Designed such disclosure controls and procedures,
        or caused such disclosure controls and procedures to be designe under
        our supervision, to ensure that material information relating to the
        registrant, including its consolidated subsidiaries, is made known to
        us by others within those entities, particularly during the period in
    which this report being prepared;</FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap><FONT size=2 face="serif">b)</FONT></TD>
    <TD><FONT size=2 face="serif">Designed such internal control over financial
        reporting, or caused such internal control over financial reporting to
        designed under our supervision, to provide reasonable assurance regarding
        the reliability of financial reporting and preparation of financial statements
        for external purposes in accordance with generally accepted accounting
    principles;</FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap><FONT size=2 face="serif">c)</FONT></TD>
    <TD><FONT size=2 face="serif">Evaluated the effectiveness of the registrant&#146;s
        disclosure controls and procedures and presented in this report ou conclusions
        about the effectiveness of the disclosure controls and procedures, as
        of the end of the period covered this report based on such evaluation;
    and</FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap><FONT size=2 face="serif">d)</FONT></TD>
    <TD><FONT size=2 face="serif">Disclosed in this report any change in the
        registrant&#146;s internal control over financial reporting that occurred
        during registrant&#146;s most recent fiscal quarter (the registrant&#146;s
        fourth fiscal quarter in the case of an annual report) that materially
        affected, or is reasonably likely to materially affect, the registrant&#146;s
    internal control over financial reporting; and</FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap><FONT size=2 face="serif">5.</FONT></TD>
    <TD colspan="2" valign=top><FONT size=2 face="serif">The registrant&#146;s other certifying officer(s)
        and I have disclosed, based on our most recent evaluation of internal
        control over financial reporting, to the registrant&#146;s accountants
        and the audit committee of the registrant&#146;s board of directors (or
    persons performing the equivalent functions):</FONT></TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
  <TD width="3%" valign=top nowrap>&nbsp;</TD>
  <TD width="4%" valign=top nowrap>
<FONT size=2 face="serif">a)</FONT></TD>
  <TD width=93%>
<P align="justify"><FONT size=2 face="serif">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability
to record, process, summarize and report financial information; and</FONT></P>  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
  <TD width="3%" valign=top nowrap>&nbsp;</TD>
  <TD width="4%" valign=top nowrap>
<FONT size=2 face="serif">b)</FONT></TD>
  <TD width=93%>
<P align="justify"><FONT size=2 face="serif">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</FONT></P>  </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P align="justify">
<FONT size=2 face="serif">Dated: August 11, 2009</FONT><BR>
<BR>
<U><FONT size=2 face="serif">/s/ Robert J. Stewart </FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
<BR>
<B><FONT size=2 face="serif">Robert J. Stewart</FONT></B><FONT size=2 face="serif"> </FONT><BR>
<I><FONT size=2 face="serif">Chief Financial Officer</FONT></I><FONT size=2 face="serif"> </FONT></P>
<P align="justify">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>4
<FILENAME>c58435_ex-32.htm
<TEXT>

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<P align="right">
<B><FONT size=2 face="serif">Exhibit 32</FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">Certificate of Chief Executive and Chief Financial Officers</FONT></B></P>
<P align="justify">
<B><FONT size=2 face="serif">The following statement is being made to the Securities and Exchange Commission solely for purposes of Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350), which carries with it certain criminal penalties in
the event of a knowing or willful misrepresentation.</FONT></B><FONT size=2 face="serif"> </FONT></P>
<P align="justify">
<FONT size=2 face="serif">Securities and Exchange Commission</FONT><BR>
<FONT size=2 face="serif">450 Fifth Street, NW </FONT><BR>
<FONT size=2 face="serif">Washington, DC 20549 </FONT><BR>
<BR>
<FONT size=2 face="serif">Re: Ark Restaurants Corp. </FONT><BR>
<BR>
<FONT size=2 face="serif">Ladies and Gentlemen: </FONT></P>
<P align="justify">
<FONT size=2 face="serif">In accordance with the requirements of Section 906 of the Sarbanes-Oxley Act of 2002 (18 USC 1350), each of the undersigned hereby certifies that: </FONT></P>
<P align="justify" style="margin-left:20px">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(i) this report on Form 10-Q fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and </FONT></P>
<P align="justify" style="margin-left:20px">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(ii) the information contained in this report fairly presents, in all material respects, the financial condition and results of operations of Ark Restaurants Corp. </FONT></P>
<P align="justify">
<FONT size=2 face="serif">Dated as of this 11th day of August 2009.</FONT></P>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="25%" style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Michael Weinstein</FONT></td>
    <td width="50%">&nbsp;</td>
    <td width="25%" style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">/s/ Robert J. Stewart</FONT></td>
  </tr>
  <tr>
    <td width="25%"><FONT size=2 face="serif">Michael Weinstein</FONT></td>
    <td width="50%">&nbsp;</td>
    <td width="25%"><FONT size=2 face="serif">Robert J. Stewart</FONT></td>
  </tr>
  <tr>
    <td width="25%"><FONT size=2 face="serif">Chairman and Chief Executive Officer</FONT></td>
    <td width="50%">&nbsp;</td>
    <td width="25%"><FONT size=2 face="serif">Chief Financial Officer</FONT></td>
  </tr>
</table>

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