Exhibit 99.1

P.F. Chang’s China Bistro, Inc.

P.F. CHANG’S EARNS $0.40 PER SHARE

SCOTTSDALE, ARIZONA, April 25, 2007 - P.F. Chang’s China Bistro, Inc. (NASDAQ: PFCB) today reported earnings of $10.5 million for the first quarter ended April 1, 2007 compared to $9.8 million for the first quarter of the prior year. Earnings per diluted share for the first quarter were $0.40 as compared to $0.36 for the first quarter of the prior year.

(000 except per share data)	1Q07		1Q06
Revenues	$	264,406	$	228,613
Net Income	$	10,465	$	9,813
Diluted Earnings Per Share	$	0.40	$	0.36
Shares used in diluted EPS calculation		26,046		27,239

Bistro Results

Revenues for the Company’s Bistro concept increased 10.8% to $207.0 million for the first quarter of 2007 compared to $187.0 million in the first quarter of 2006. Bistro revenues were $4.1 million below the Company’s forecast primarily due to reduced guest traffic. Comparable store sales for the Bistro declined 2.5% compared to a forecasted decline of 1.3%. Bistro net income for the quarter totaled $16.1 million, which was slightly above forecast.

Pei Wei Results

Revenues for the Company’s Pei Wei concept increased 35.9% to $56.7 million for the first quarter of 2007 compared to $41.7 million in the first quarter of 2006. Pei Wei revenues were $0.2 million above the Company’s forecast and comparable store sales increased 0.5% compared to a forecasted decline of 0.7%. Pei Wei net income for the quarter totaled $0.2 million, which was slightly above forecast.

2007 Expectations

The Company has revised its full year forecast earnings per share from $1.45 to $1.38 due primarily to expectations of lower Bistro revenues driven by changes to anticipated comparable store sales growth.

Bistro Expectations

The Company plans to open 19 new Bistro restaurants during 2007, one of which was open by the end of the first quarter. Revenues are expected to increase 12.4% to $850.4 million for fiscal year 2007 compared to the Company’s original forecast of $863.5 million. Comparable store sales growth expectations have been modified to reflect reductions in anticipated guest traffic based on recent trends as follows:

	Original			Revised
	Forecast			Forecast
Second Quarter		0.8	%		(0.1	%)
Third Quarter		0.8	%		(0.2	%)
Fourth Quarter		(0.9	%)		(1.9	%)
Full Year		(0.2	%)		(1.2	%)

 Page 1 of 8

Pei Wei Expectations

The Company plans to open 37 new Pei Wei restaurants during 2007, nine of which were open by the end of the first quarter. Revenues are expected to increase 40.9% to $253.9 million for fiscal 2007 compared to the Company’s original forecast of $253.6 million. Based upon better than anticipated first quarter comparable store sales growth at Pei Wei, the Company has increased the full-year forecast from 1.1% to 1.4%.

The Company is hosting a conference call today at 1:00 pm ET in which management will provide further details on the first quarter results as well as expectations for the remainder of fiscal 2007. A webcast of the call can be accessed through the company’s website at http://www.pfcb.com.

P.F. Chang’s China Bistro, Inc. owns and operates three restaurant concepts in the Asian niche. P.F. Chang’s China Bistro features a blend of high-quality, traditional Chinese cuisine and American hospitality in a sophisticated, contemporary bistro setting. Pei Wei Asian Diner offers a modest menu of freshly prepared Asian cuisine in a relaxed, warm environment offering attentive counter service and take-out flexibility. Taneko Japanese Tavern opened on October 2, 2006 and features natural, organic and seasonal ingredients highlighting the diverse cooking styles of Japan.

Note with respect to non-GAAP financial measures contained within Supplemental Financial Information

In addition to using GAAP results in evaluating the Company’s business, management measures restaurant operating income to assess the performance of its existing restaurant concepts. Restaurant operating income includes all ongoing costs related to operating the Company’s restaurants but excludes preopening expenses and partner investment expense. Because these costs are solely related to expansion of the Company’s business, they make an accurate assessment of the health of its ongoing operations more difficult and are therefore excluded. As the Company’s expansion is funded entirely from its ongoing restaurant operations, restaurant operating income is a primary consideration when determining whether and when to open additional restaurants. The non-GAAP financial information presented herein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. Please see the non-GAAP to GAAP reconciliation at the bottom of pages five through nine of this press release for a reconciliation of restaurant operating income to the most directly comparable GAAP measure, income from operations.

Note with respect to forward looking statements

     The statements contained in this press release that are not purely historical, including the Company’s estimates of its revenues, earnings and comparable store sales, are forward-looking statements. The accuracy of these forward-looking statements may be affected by certain risks and uncertainties, including, but not limited to, the company’s ability to locate acceptable restaurant sites; open new restaurants and operate its restaurants profitably; the Company’s ability to hire, train and retain skilled management and other personnel; the company’s ability to access sufficient financing on acceptable terms; changes in consumer tastes and trends; customer acceptance of new concepts; national, regional and local economic and weather conditions; changes in costs related to food, utilities and labor; and other risks described in the company’s recent SEC filings.

Contact:		P.F. Chang’s China	Bistro, Inc. (480) 888-3000
	Media:	Laura Cherry	laura.cherry@pfcb.com
	Investor:	Mark Mumford	mark.mumford@pfcb.com

 Page 2 of 8

P.F. Chang’s China Bistro, Inc.

Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)

	13 Weeks Ended
	April 1,			April 2,
	2007			2006
Revenues	$	264,406		$	228,613
Cost of sales		72,915			63,440
Labor		89,234			76,937
Operating		41,194			34,841
Occupancy		14,908			12,493
General & administrative		16,722			13,252
Depreciation & amortization		12,679			10,355
Preopening expenses		2,540			1,694
Partner investment expense		(1,401	)		200
Total costs and expenses		248,791			213,212
Income from operations		15,615			15,401
Interest income, net and other income		343			492
Minority interest		(1,647	)		(2,022	)
Income before provision for income taxes		14,311			13,871
Provision for income taxes		(3,846	)		(4,058	)
Net income	$	10,465		$	9,813
Basic net income per share	$	0.41		$	0.37
Diluted net income per share	$	0.40		$	0.36
Shares used in calculation of basic EPS		25,488			26,485
Shares used in calculation of diluted EPS		26,046			27,239

	Percentage of Revenues
	April 1,			April 2,
	2007			2006
Revenues		100.00	%		100.00	%
Cost of sales		27.6	%		27.7	%
Labor		33.7	%		33.7	%
Operating		15.6	%		15.2	%
Occupancy		5.6	%		5.5	%
General & administrative		6.3	%		5.8	%
Depreciation & amortization		4.8	%		4.5	%
Preopening expenses		1.0	%		0.7	%
Partner investment expense		-0.5	%		0.1	%
Total costs and expenses		94.1	%		93.3	%
Income from operations		5.9	%		6.7	%
Interest income, net and other income		0.1	%		0.2	%
Minority interest		-0.6	%		-0.9	%
Income before provision for income taxes		5.4	%		6.1	%
Provision for income taxes		-1.5	%		-1.8	%
Net income		4.0	%		4.3	%

Certain percentage amounts do not sum to total due to rounding.

 Page 3 of 8

P.F. Chang’s China Bistro, Inc.

Supplemental Financial Information — Forecast

	53 weeks																														Forecast
	2003			2004			2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07A			2Q07			3Q07			4Q07			2007
Units		130			168			208			214			225			239			260			260			270			284			302			316			316
Sales weeks		5,749			7,931			9,497			2,751			2,840			3,003			3,267			11,861			3,438			3,597			3,794			4,078			14,907
AWS		93,915			89,136			85,201			83,102			79,571			76,931			77,131			79,049			76,907			75,439			73,151			72,112			74,285
Revenues		539,917			706,941			809,153			228,613			225,981			231,024			251,988			937,606			264,406			271,354			277,536			294,071			1,107,367
per FDS	$	20.57		$	26.60		$	29.97		$	8.39		$	8.29		$	8.70		$	9.73		$	35.07		$	10.15		$	10.40		$	10.59		$	11.18		$	42.33
Operating costs
Cost of sales		152,788			200,736			224,634			63,440			61,285			62,954			68,903			256,582			72,915			75,293			76,662			81,664			306,534
Labor		175,256			231,930			266,243			76,937			75,380			76,209			81,587			310,113			89,234			91,274			92,498			98,114			371,120
Operating		73,403			99,231			122,247			34,841			36,210			36,382			38,976			146,409			41,194			41,145			43,275			46,017			171,632
Occupancy		28,914			37,693			42,793			12,493			12,725			13,371			13,868			52,457			14,908			15,306			15,976			16,836			63,026
Minority interest		7,887			10,078			8,227			2,022			2,033			1,948			2,113			8,116			1,647			1,616			1,554			1,666			6,483
General and administrative		30,166			36,369			41,117			13,252			14,037			14,641			14,981			56,911			16,722			16,615			17,667			18,525			69,529
Depreciation & amortization		21,817			29,155			36,950			10,355			10,565			11,584			12,359			44,863			12,679			13,256			14,302			15,675			55,912
Restaurant operating income		49,686			61,749			66,942			15,273			13,746			13,935			19,201			62,155			15,107			16,850			15,603			15,573			63,132
Development costs
Preopening expenses		8,745			7,980			9,245			1,694			2,817			3,792			4,410			12,713			2,540			3,132			4,610			3,566			13,848
Partner investment expense		4,196			17,671			4,800			200			925			1,487			1,759			4,371			(1,401	)		495			550			440			84
Other expenses
Interest income, net and other income		(466	)		(612	)		(1,841	)		(492	)		(568	)		(344	)		89			(1,315	)		(343	)		(250	)		(250	)		(250	)		(1,093	)
Provision for income taxes		12,424			10,656			16,942			4,058			2,483			2,414			4,178			13,133			3,846			3,908			3,101			3,427			14,282
Net income		24,787			26,054			37,796			9,813			8,089			6,586			8,765			33,253			10,465			9,565			7,591			8,390			36,012
per FDS	$	0.94		$	0.98		$	1.40		$	0.36		$	0.30		$	0.25		$	0.34		$	1.24		$	0.40		$	0.37		$	0.29		$	0.32		$	1.38
Fully diluted shares (FDS)		26,250			26,575			27,000			27,239			27,258			26,558			25,893			26,737			26,046			26,100			26,200			26,300			26,162
Revenues		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales		28.3	%		28.4	%		27.8	%		27.7	%		27.1	%		27.2	%		27.3	%		27.4	%		27.6	%		27.7	%		27.6	%		27.8	%		27.7	%
Labor		32.5	%		32.8	%		32.9	%		33.7	%		33.4	%		33.0	%		32.4	%		33.1	%		33.7	%		33.6	%		33.3	%		33.4	%		33.5	%
Operating		13.6	%		14.0	%		15.1	%		15.2	%		16.0	%		15.7	%		15.5	%		15.6	%		15.6	%		15.2	%		15.6	%		15.6	%		15.5	%
Occupancy		5.4	%		5.3	%		5.3	%		5.5	%		5.6	%		5.8	%		5.5	%		5.6	%		5.6	%		5.6	%		5.8	%		5.7	%		5.7	%
Minority interest		1.5	%		1.4	%		1.0	%		0.9	%		0.9	%		0.8	%		0.8	%		0.9	%		0.6	%		0.6	%		0.6	%		0.6	%		0.6	%
General and administrative		5.6	%		5.1	%		5.1	%		5.8	%		6.2	%		6.3	%		5.9	%		6.1	%		6.3	%		6.1	%		6.4	%		6.3	%		6.3	%
Depreciation & amortization		4.0	%		4.1	%		4.6	%		4.5	%		4.7	%		5.0	%		4.9	%		4.8	%		4.8	%		4.9	%		5.2	%		5.3	%		5.0	%
Restaurant operating income		9.2	%		8.7	%		8.3	%		6.7	%		6.1	%		6.0	%		7.6	%		6.6	%		5.7	%		6.2	%		5.6	%		5.3	%		5.7	%
Preopening expenses		1.6	%		1.1	%		1.1	%		0.7	%		1.2	%		1.6	%		1.8	%		1.4	%		1.0	%		1.2	%		1.7	%		1.2	%		1.3	%
Partner investment expense		0.8	%		2.5	%		0.6	%		0.1	%		0.4	%		0.6	%		0.7	%		0.5	%		-0.5	%		0.2	%		0.2	%		0.1	%		0.0	%
Interest income, net and other income		-0.1	%		-0.1	%		-0.2	%		-0.2	%		-0.3	%		-0.1	%		0.0	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%
Provision for income taxes		2.3	%		1.5	%		2.1	%		1.8	%		1.1	%		1.0	%		1.7	%		1.4	%		1.5	%		1.4	%		1.1	%		1.2	%		1.3	%
Net income		4.6	%		3.7	%		4.7	%		4.3	%		3.6	%		2.9	%		3.5	%		3.5	%		4.0	%		3.5	%		2.7	%		2.9	%		3.3	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		49,686			61,749			66,942			15,273			13,746			13,935			19,201			62,155			15,107			16,850			15,603			15,573			63,132
Add: Minority interest		7,887			10,078			8,227			2,022			2,033			1,948			2,113			8,116			1,647			1,616			1,554			1,666			6,483
Less: Preopening expenses		(8,745	)		(7,980	)		(9,245	)		(1,694	)		(2,817	)		(3,792	)		(4,410	)		(12,713	)		(2,540	)		(3,132	)		(4,610	)		(3,566	)		(13,848	)
Less: Partner investment expense		(4,196	)		(17,671	)		(4,800	)		(200	)		(925	)		(1,487	)		(1,759	)		(4,371	)		1,401			(495	)		(550	)		(440	)		(84	)
Income from operations		44,632			46,176			61,124			15,401			12,037			10,604			15,145			53,187			15,615			14,839			11,997			13,233			55,684

 Page 4 of 8

Shared Services

Supplemental Financial Information — Forecast

			53 weeks																										Forecast
	2003		2004		2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07A			2Q07			3Q07			4Q07			2007
Units
Sales weeks
AWS
Comp sales change
Revenues
per FDS
Operating costs
Cost of sales
Labor
Operating
Occupancy
Minority interest
General and administrative						18,698			5,619			6,016			7,330			7,174			26,139			7,537			7,868			8,697			9,423			33,525
Depreciation & amortization						880			280			281			299			277			1,137			272			304			320			485			1,381
Restaurant operating income		—		—		(19,578	)		(5,899	)		(6,297	)		(7,629	)		(7,451	)		(27,276	)		(7,809	)		(8,172	)		(9,017	)		(9,908	)		(34,906	)
Development costs
Preopening expenses
Partner investment expense
Other expenses
Interest income, net and other income						(1,575	)		(489	)		(535	)		(391	)		(170	)		(1,585	)		(298	)		(250	)		(250	)		(250	)		(1,048	)
Provision for income taxes						(5,572	)		(1,677	)		(1,355	)		(1,941	)		(2,188	)		(7,161	)		(2,018	)		(2,297	)		(2,542	)		(2,801	)		(9,658	)
Net income		—		—		(12,431	)		(3,733	)		(4,407	)		(5,297	)		(5,093	)		(18,530	)		(5,493	)		(5,625	)		(6,225	)		(6,857	)		(24,200	)
per FDS					$	(0.46	)	$	(0.14	)	$	(0.16	)	$	(0.20	)	$	(0.20	)	$	(0.69	)	$	(0.21	)	$	(0.22	)	$	(0.24	)	$	(0.26	)	$	(0.93	)
Fully diluted shares (FDS)						27,000			27,239			27,258			26,558			25,893			26,737			26,046			26,100			26,200			26,300			26,162
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		—		—		(19,578	)		(5,899	)		(6,297	)		(7,629	)		(7,451	)		(27,276	)		(7,809	)		(8,172	)		(9,017	)		(9,908	)		(34,906	)
Add: Minority interest		—		—		—			—			—			—			—			—			—			—			—			—			—
Less: Preopening expenses		—		—		—			—			—			—			—			—			—			—			—			—			—
Less: Partner investment expense		—		—		—			—			—			—			—			—			—			—			—			—			—
Income from operations		—		—		(19,578	)		(5,899	)		(6,297	)		(7,629	)		(7,451	)		(27,276	)		(7,809	)		(8,172	)		(9,017	)		(9,908	)		(34,906	)

 Page 5 of 8

Concept: P.F. Chang’s China Bistro

Supplemental Financial Information — Forecast

				53 weeks																								Forecast
	2003			2004			2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07A			2Q07			3Q07			4Q07			2007
Units		97			115			131			133			137			142			152			152			153			157			165			171			171
Sales weeks		4,494			5,613			6,266			1,720			1,751			1,796			1,920			7,187			1,979			2,025			2,080			2,201			8,285
AWS		108,280			108,938			107,757			108,677			104,914			102,930			104,735			105,278			104,612			103,696			101,644			100,849			102,643
Comp sales change		5.1	%		3.0	%		1.2	%		1.3	%		-1.0	%		-0.5	%		-0.9	%		-0.3	%		-2.5	%		-0.1	%		-0.2	%		-1.9	%		-1.2	%
Revenues		486,609			611,468			675,204			186,924			183,705			184,914			201,091			756,634			207,028			209,985			211,420			221,968			850,401
per FDS	$	18.54		$	23.01		$	25.01		$	6.86		$	6.74		$	6.96		$	7.77		$	28.30		$	7.95		$	8.05		$	8.07		$	8.44		$	32.51
Operating costs
Cost of sales		136,983			173,128			187,073			51,771			49,810			50,131			54,855			206,567			56,781			58,061			58,246			61,596			234,684
Labor		157,414			200,157			221,126			62,652			60,753			59,959			63,733			247,097			69,312			70,135			69,557			72,805			281,810
Operating		65,792			84,781			100,199			27,897			28,653			28,306			30,609			115,465			31,684			30,868			31,290			33,517			127,359
Occupancy		25,533			31,896			34,700			9,859			9,928			10,307			10,589			40,683			11,217			11,490			11,769			12,205			46,681
Minority interest		7,360			9,177			7,118			1,733			1,753			1,717			1,790			6,993			1,333			1,197			1,205			1,265			5,000
General and administrative		26,147			30,051			15,512			5,117			5,319			4,773			5,294			20,503			5,927			5,530			5,662			5,755			22,874
Depreciation & amortization		19,414			24,778			30,093			8,096			8,220			8,831			9,304			34,451			9,483			9,744			10,482			11,279			40,988
Restaurant operating income		47,966			57,500			79,383			19,799			19,269			20,890			24,917			84,875			21,291			22,961			23,208			23,545			91,005
Development costs
Preopening expenses		6,981			5,843			6,028			1,066			1,575			2,355			3,008			8,004			1,256			1,686			2,845			2,260			8,047
Partner investment expense		3,941			15,075			3,526			426			570			956			1,523			3,475			(1,926	)		—			—			—			(1,926	)
Other expenses
Interest income, net and other income		(461	)		(612	)		(251	)		—			—			51			204			255			(51	)		—			—			—			(51	)
Provision for income taxes		12,522			10,796			21,690			5,432			4,024			4,701			6,321			20,478			5,915			6,170			5,905			6,173			24,163
Net income		24,983			26,398			48,390			12,875			13,100			12,827			13,861			52,663			16,097			15,105			14,458			15,112			60,772
per FDS	$	0.95		$	0.99		$	1.79		$	0.47		$	0.48		$	0.48		$	0.54		$	1.97		$	0.62		$	0.58		$	0.55		$	0.57		$	2.32
Fully diluted shares (FDS)		26,250			26,575			27,000			27,239			27,258			26,558			25,893			26,737			26,046			26,100			26,200			26,300			26,162
Revenues		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales		28.2	%		28.3	%		27.7	%		27.7	%		27.1	%		27.1	%		27.3	%		27.3	%		27.4	%		27.7	%		27.6	%		27.8	%		27.6	%
Labor		32.3	%		32.7	%		32.7	%		33.5	%		33.1	%		32.4	%		31.7	%		32.7	%		33.5	%		33.4	%		32.9	%		32.8	%		33.1	%
Operating		13.5	%		13.9	%		14.8	%		14.9	%		15.6	%		15.3	%		15.2	%		15.3	%		15.3	%		14.7	%		14.8	%		15.1	%		15.0	%
Occupancy		5.2	%		5.2	%		5.1	%		5.3	%		5.4	%		5.6	%		5.3	%		5.4	%		5.4	%		5.5	%		5.6	%		5.5	%		5.5	%
Minority interest		1.5	%		1.5	%		1.1	%		0.9	%		1.0	%		0.9	%		0.9	%		0.9	%		0.6	%		0.6	%		0.6	%		0.6	%		0.6	%
General and administrative		5.4	%		4.9	%		2.3	%		2.7	%		2.9	%		2.6	%		2.6	%		2.7	%		2.9	%		2.6	%		2.7	%		2.6	%		2.7	%
Depreciation & amortization		4.0	%		4.1	%		4.5	%		4.3	%		4.5	%		4.8	%		4.6	%		4.6	%		4.6	%		4.6	%		5.0	%		5.1	%		4.8	%
Restaurant operating income		9.9	%		9.4	%		11.8	%		10.6	%		10.5	%		11.3	%		12.4	%		11.2	%		10.3	%		10.9	%		11.0	%		10.6	%		10.7	%
Preopening expenses		1.4	%		1.0	%		0.9	%		0.6	%		0.9	%		1.3	%		1.5	%		1.1	%		0.6	%		0.8	%		1.3	%		1.0	%		0.9	%
Partner investment expense		0.8	%		2.5	%		0.5	%		0.2	%		0.3	%		0.5	%		0.8	%		0.5	%		-0.9	%		0.0	%		0.0	%		0.0	%		-0.2	%
Interest income, net and other income		-0.1	%		-0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Provision for income taxes		2.6	%		1.8	%		3.2	%		2.9	%		2.2	%		2.5	%		3.1	%		2.7	%		2.9	%		2.9	%		2.8	%		2.8	%		2.8	%
Net income		5.1	%		4.3	%		7.2	%		6.9	%		7.1	%		6.9	%		6.9	%		7.0	%		7.8	%		7.2	%		6.8	%		6.8	%		7.1	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		47,966			57,500			79,383			19,799			19,269			20,890			24,917			84,875			21,291			22,961			23,208			23,545			91,005
Add: Minority interest		7,360			9,177			7,118			1,733			1,753			1,717			1,790			6,993			1,333			1,197			1,205			1,265			5,000
Less: Preopening expenses		(6,981	)		(5,843	)		(6,028	)		(1,066	)		(1,575	)		(2,355	)		(3,008	)		(8,004	)		(1,256	)		(1,686	)		(2,845	)		(2,260	)		(8,047	)
Less: Partner investment expense		(3,941	)		(15,075	)		(3,526	)		(426	)		(570	)		(956	)		(1,523	)		(3,475	)		1,926			—			—			—			1,926
Income from operations		44,404			45,759			76,947			20,040			18,877			19,296			22,176			80,389			23,294			22,471			21,568			22,550			89,884

 Page 6 of 8

Concept: Pei Wei Asian Diner

Supplemental Financial Information — Forecast

				53 weeks																											Forecast
	2003			2004			2005			1Q06			2Q06			3Q06			4Q06			2006			1Q07A			2Q07			3Q07			4Q07			2007
Units		33			53			77			81			88			97			107			107			116			126			136			144			144
Sales weeks		1,255			2,318			3,231			1,031			1,089			1,207			1,334			4,661			1,446			1,559			1,701			1,864			6,570
AWS		42,476			41,188			41,457			40,435			38,822			38,201			37,597			38,668			39,181			38,869			38,420			38,237			38,642
Comp sales change		0.3	%		2.0	%		4.0	%		-2.0	%		-3.9	%		-1.5	%		-0.7	%		-2.0	%		0.5	%		1.7	%		1.9	%		1.5	%		1.4	%
Revenues		53,308			95,473			133,949			41,689			42,276			46,110			50,155			180,230			56,656			60,599			65,352			71,273 2			53,880
per FDS	$	2.03		$	3.59		$	4.96		$	1.53		$	1.55		$	1.74		$	1.94		$	6.74		$	2.18		$	2.32		$	2.49		$	2.71		$	9.70
Operating costs
Cost of sales		15,805			27,608			37,561			11,669			11,475			12,823			13,725			49,692			15,851			16,956			18,150			19,787			70,744
Labor		17,842			31,773			45,117			14,285			14,627			16,250			17,515			62,677			19,551			20,827			22,647			25,006			88,031
Operating		7,611			14,450			22,048			6,944			7,557			8,076			8,205			30,782			9,382			10,141			11,849			12,353			43,725
Occupancy		3,381			5,797			8,093			2,634			2,797			3,064			3,230			11,725			3,636			3,757			4,148			4,573			16,114
Minority interest		527			901			1,109			289			280			231			323			1,123			314			419			349			401			1,483
General and administrative		4,019			6,318			6,907			2,299			2,485			2,276			2,327			9,387			3,030			2,974			3,064			3,098			12,166
Depreciation & amortization		2,403			4,377			5,977			1,979			2,064			2,454			2,708			9,205			2,823			3,100			3,392			3,803			13,118
Restaurant operating income		1,720			4,249			7,137			1,590			991			936			2,122			5,639			2,069			2,425			1,753			2,252			8,499
Development costs
Preopening expenses		1,764			2,137			3,217			603			1,126			1,204			1,350			4,283			1,283			1,446			1,765			1,306			5,800
Partner investment expense		255			2,596			1,274			(226	)		355			531			236			896			525			495			550			440			2,010
Other expenses
Interest income, net and other income		(5	)					(15	)		(3	)		(33	)		(4	)		55			15			6			—			—			—			6
Provision for income taxes		(98	)		(141	)		824			377			(107	)		(213	)		178			235			69			140			(163	)		147			193
Net income		(196	)		(343	)		1,837			839			(350	)		(582	)		303			210			186			344			(399	)		359			490
per FDS							$	0.07		$	0.03		$	(0.01	)	$	(0.02	)	$	0.01		$	0.01		$	0.01		$	0.01		$	(0.02	)	$	0.01		$	0.02
Fully diluted shares (FDS)		26,250			26,575			27,000			27,239			27,258			26,558			25,893			26,737			26,046			26,100			26,200			26,300			26,162
Revenues		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales		29.6	%		28.9	%		28.0	%		28.0	%		27.1	%		27.8	%		27.4	%		27.6	%		28.0	%		28.0	%		27.8	%		27.8	%		27.9	%
Labor		33.5	%		33.3	%		33.7	%		34.3	%		34.6	%		35.2	%		34.9	%		34.8	%		34.5	%		34.4	%		34.7	%		35.1	%		34.7	%
Operating		14.3	%		15.1	%		16.5	%		16.7	%		17.9	%		17.5	%		16.4	%		17.1	%		16.6	%		16.7	%		18.1	%		17.3	%		17.2	%
Occupancy		6.3	%		6.1	%		6.0	%		6.3	%		6.6	%		6.6	%		6.4	%		6.5	%		6.4	%		6.2	%		6.3	%		6.4	%		6.3	%
Minority interest		1.0	%		0.9	%		0.8	%		0.7	%		0.7	%		0.5	%		0.6	%		0.6	%		0.6	%		0.7	%		0.5	%		0.6	%		0.6	%
General and administrative		7.5	%		6.6	%		5.2	%		5.5	%		5.9	%		4.9	%		4.6	%		5.2	%		5.3	%		4.9	%		4.7	%		4.3	%		4.8	%
Depreciation & amortization		4.5	%		4.6	%		4.5	%		4.7	%		4.9	%		5.3	%		5.4	%		5.1	%		5.0	%		5.1	%		5.2	%		5.3	%		5.2	%
Restaurant operating income		3.2	%		4.5	%		5.3	%		3.8	%		2.3	%		2.0	%		4.2	%		3.1	%		3.7	%		4.0	%		2.7	%		3.2	%		3.3	%
Preopening expenses		3.3	%		2.2	%		2.4	%		1.4	%		2.7	%		2.6	%		2.7	%		2.4	%		2.3	%		2.4	%		2.7	%		1.8	%		2.3	%
Partner investment expense		0.5	%		2.7	%		1.0	%		-0.5	%		0.8	%		1.2	%		0.5	%		0.5	%		0.9	%		0.8	%		0.8	%		0.6	%		0.8	%
Interest income, net and other income		0.0	%		0.0	%		0.0	%		0.0	%		-0.1	%		0.0	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Provision for income taxes		-0.2	%		-0.1	%		0.6	%		0.9	%		-0.3	%		-0.5	%		0.4	%		0.1	%		0.1	%		0.2	%		-0.2	%		0.2	%		0.1	%
Net income		-0.4	%		-0.4	%		1.4	%		2.0	%		-0.8	%		-1.3	%		0.6	%		0.1	%		0.3	%		0.6	%		-0.6	%		0.5	%		0.2	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		1,720			4,249			7,137			1,590			991			936			2,122			5,639			2,069			2,425			1,753			2,252			8,499
Add: Minority interest		527			901			1,109			289			280			231			323			1,123			314			419			349			401			1,483
Less: Preopening expenses		(1,764	)		(2,137	)		(3,217	)		(603	)		(1,126	)		(1,204	)		(1,350	)		(4,283	)		(1,283	)		(1,446	)		(1,765	)		(1,306	)		(5,800	)
Less: Partner investment expense		(255	)		(2,596	)		(1,274	)		226			(355	)		(531	)		(236	)		(896	)		(525	)		(495	)		(550	)		(440	)		(2,010	)
Income from operations		228			417			3,755			1,502			(210	)		(568	)		859			1,583			575			903			(213	)		907			2,172

 Page 7 of 8

Concept: Taneko Japanese Tavern

Supplemental Financial Information — Forecast

																						Forecast
	1Q06			2Q06			3Q06			4Q06			2006			1Q07A			2Q07			3Q07			4Q07			2007
Units											1			1			1			1			1			1			1
Sales weeks											13			13			13			13			13			13			52
AWS											57,077			57,077			59,174			59,236			58,735			63,855			59,346
Comp sales change
Revenues											742			742			722			770			764			830			3,086
per FDS	$	—		$	—		$	—		$	0.03		$	0.03		$	0.03		$	0.03		$	0.03		$	0.03		$	0.12
Operating costs
Cost of sales											323			323			283			276			266			280			1,106
Labor											339			339			371			312			294			303			1,279
Operating											162			162			128			137			136			147			547
Occupancy											49			49			55			59			59			58			231
Minority interest											—			—			—			—			—			—			—
General and administrative		217			217			262			186			882			228			242			244			249			963
Depreciation & amortization											70			70			101			108			108			108			425
Restaurant operating income		(217	)		(217	)		(262	)		(387	)		(1,083	)		(444	)		(363	)		(342	)		(316	)		(1,465	)
Development costs
Preopening expenses		25			116			233			52			426			1			—			—			—			1
Partner investment expense											—			—			—			—			—			—			—
Other expenses
Interest income, net and other income		—			—			—			—			—			—			—			—			—			—
Provision for income taxes		(74	)		(78	)		(133	)		(133	)		(418	)		(120	)		(105	)		(99	)		(92	)		(416	)
Net income		(168	)		(255	)		(362	)		(306	)		(1,091	)		(325	)		(258	)		(243	)		(224	)		(1,050	)
per FDS	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.04	)
Fully diluted shares (FDS)		27,239			27,258			26,558			25,893			26,737			26,046			26,100			26,200			26,300			26,162
Revenues											100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Cost of sales											43.5	%		43.5	%		39.2	%		35.9	%		34.8	%		33.8	%		35.8	%
Labor											45.7	%		45.7	%		51.4	%		40.5	%		38.4	%		36.5	%		41.5	%
Operating											21.8	%		21.8	%		17.7	%		17.7	%		17.8	%		17.7	%		17.7	%
Occupancy											6.6	%		6.6	%		7.6	%		7.6	%		7.7	%		7.0	%		7.5	%
Minority interest											0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
General and administrative											25.1	%		118.9	%		31.6	%		31.5	%		31.9	%		30.0	%		31.2	%
Depreciation & amortization											9.4	%		9.4	%		14.0	%		14.0	%		14.1	%		13.0	%		13.8	%
Restaurant operating income											-52.2	%		-146.0	%		-61.5	%		-47.2	%		-44.7	%		-38.0	%		-47.5	%
Preopening expenses											7.0	%		57.4	%		0.1	%		0.0	%		0.0	%		0.0	%		0.0	%
Partner investment expense											0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Interest income, net and other income											0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%		0.0	%
Provision for income taxes											-17.9	%		-56.3	%		-16.6	%		-13.6	%		-13.0	%		-11.1	%		-13.5	%
Net income											-41.2	%		-147.0	%		-45.0	%		-33.6	%		-31.8	%		-27.0	%		-34.0	%
Reconciliation of Non-GAAP Financial Information to GAAP measures:
Restaurant operating income		(217	)		(217	)		(262	)		(387	)		(1,083	)		(444	)		(363	)		(342	)		(316	)		(1,465	)
Add: Minority interest		—			—			—			—			—			—			—			—			—			—
Less: Preopening expenses		(25	)		(116	)		(233	)		(52	)		(426	)		(1	)		—			—			—			(1	)
Less: Partner investment expense		—			—			—			—			—			—			—			—			—			—
Income from operations		(242	)		(333	)		(495	)		(439	)		(1,509	)		(445	)		(363	)		(342	)		(316	)		(1,466	)

 Page 8 of 8