“We are very pleased to be introducing the Granite City concept to the city of Toledo,” commented Steve Wagenheim, Granite City’s CEO and President. “Toledo is the primary market city for northwest Ohio, a region of nine counties with a population in excess of 1 million. As the nation's third busiest rail hub, 15th-busiest air cargo hub, and one of the busiest ports on the Great Lakes we believe the citizens of Toledo will welcome the Granite City concept with our upscale casual dining experience at reasonable prices.”

Toledo is known as the Glass City because of its long history of innovation in all aspects of the glass industry: windows, bottles, windshields, construction materials, and glass art. Several large glass companies have their origins here. Owens-Illinois, Owens Corning, Libbey Glass, Pilkington North America (formerly Libbey Owens Ford), and Therma-Tru have long been a staple of Toledo's economy. Other off-shoots and spinoffs of these companies also continue to play important roles in Toledo's economy. Fiberglass giant Johns Manville's two plants in the metro area were originally built by a subsidiary of Libbey Owens Ford. Many other companies that service the glass industry also began in Toledo, such as Toledo Engineering and Glasstech. Additionally, due to its incredible access to rail hubs, airport hubs and port system there is a high concentration of retail establishments and medical facilities in Toledo. The city's location near the intersection of I-80/I-90 and I-75 (i.e. "The Crossroads of America") has made it a popular hub location for transportation companies such as UPS and BAX Global.

Granite City Food & Brewery Ltd. is a Modern American upscale casual restaurant chain that operates 25 restaurants in 11 states. The menu features affordable yet high quality family favorite menu items prepared from made-from-scratch recipes and served in generous portions. The sophisticated yet unpretentious restaurants, proprietary food and beverage products, attractive price points and high service standards combine for a great dining experience. Granite City opened its first restaurant in 1999 and is expanding from its Midwestern base. Additional information about Granite City Food & Brewery can be found at the company’s website (www.gcfb.net).

Certain statements made in this press release of a non-historical nature constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated. Such factors include, but are not limited to, changes in economic conditions, changes in consumer preferences or discretionary consumer spending, a significant change in the performance of any existing restaurants, the ability to obtain financing for, and complete construction of, additional restaurants at acceptable costs, and the risks and uncertainties described in our Current Report on Form 8-K filed with the Securities and Exchange Commission on May 4, 200