Attached files
| file | filename |
|---|---|
| 8-K - DAVE & BUSTERS INC | v211743_8k.htm |
| EX-99.2 - DAVE & BUSTERS INC | v211743_ex99-2.htm |
Exhibit
99.1
Dave
& Buster’s Inc. Reports Comparable Store Sales and Other Information for
its
Fiscal 2010 Fourth Quarter
DALLAS—February
15, 2011—Dave & Buster’s Inc. (the “Company”), a leading operator of high
volume entertainment/dining complexes, today announced that for the fourth
quarter of fiscal 2010 ended January 30, 2011, the Company estimates that its
comparable store sales increased 1.2% versus the same period in fiscal
2009. Additionally, the Company announced that as of January 30,
2011, there were no outstanding borrowings under the revolving credit facility
portion of its senior secured credit facility.
In May
2010, Oak Hill Capital Partners and the Dave & Buster's management team
formed a partnership to acquire Dave & Buster's. Oak Hill Capital
Partners is a private equity firm with more than $8 billion of committed capital
from leading entrepreneurs, endowments, foundations, corporations, pension funds
and global financial institutions. Over a period of more than 24 years, the
professionals at Oak Hill Capital Partners and its predecessors have invested in
more than 60 significant private equity transactions. Oak Hill
Capital Partners is one of several Oak Hill partnerships, each of which has a
dedicated and independent management team. These Oak Hill
partnerships comprise over $30 billion of investment capital across multiple
asset classes. For more information about Oak Hill Capital Partners,
visit www.oakhillcapital.com.
Founded
in 1982 and headquartered in Dallas, Texas, Dave & Buster’s is the premier
national owner and operator of 57 high-volume venues that offer interactive
entertainment options for adults and families, such as skill/sports-oriented
redemption games and technologically advanced video and simulation games,
combined with a full menu of high quality food and beverages. Dave
& Buster’s currently has stores in 24 states and Canada. For
additional information on Dave & Buster’s, please visit
www.daveandbusters.com.
The
statements contained in this release that are not historical facts are
forward-looking statements. These forward-looking statements involve
risks and uncertainties and, consequently, could be affected by our level of
indebtedness, general business and economic conditions, the impact of
competition, the seasonality of the company’s business, adverse weather
conditions, future commodity prices, guest and employee complaints and
litigation, fuel and utility costs, labor costs and availability, changes in
consumer and corporate spending, changes in demographic trends, changes in
governmental regulations, unfavorable publicity, our ability to open new stores
and acts of God.