EXHIBIT 99.1

PRESS RELEASE
FOR IMMEDIATE
RELEASE

                       CALIFORNIA BEACH RESTAURANTS, INC.
                         ANNOUNCES ODD-LOT TENDER OFFER

                                                 Contact: Dick Powell, President
                                                                  (310) 459-9676


         PACIFIC PALISADES, CALIFORNIA - (PRNewswire-First Call) - April 9, 2003
- California Beach Restaurants, Inc. (OTC BB - CBHR.OB) announced today that the
Company will make an odd-lot tender offer to purchase shares of Common Stock
held by shareholders who own 15 shares or less of the Company's Common Stock at
a price of $1.00 per share. In addition, to show Cal Beach's appreciation for
the cooperation of its shareholders, each qualifying shareholder who validly
tenders all of his or her shares will receive a $20 gift certificate redeemable
at Gladstone's 4 Fish Restaurant in Pacific Palisades, California, upon
acceptance of such tender.

         The offer will be made on a first-come, first-served basis, and will be
terminated on the earlier of May 9, 2003 or the date when 100 qualifying
shareholders of record have validly tendered all of their shares for repurchase
by the Company. Valid tenders by shareholders who hold their stock in brokerage
accounts in "street name" will be accepted until the 100 shareholder of record
threshold is reached. Shareholders holding shares in "street name" are not
treated as shareholders of record for public-company reporting purposes. In the
event that the Company receives more than 100 valid tenders from shareholders of
record, the Company will select by lottery up to 50 additional valid tenders
received by the Company through the termination of the offer. The offer will be
made to all shareholders of record as of April 1, 2003 who owned 15 shares or
less of the Company's Common Stock as of that date.

         The Company's Board of Directors believes that the $1.00 price per
share represents a substantial premium over the current fair market value of the
Company's common stock. The Company is in the process of completing a private
placement of Series A Convertible Preferred Stock (described below) at a price
of $0.108 per share, which the Board of Directors determined to be fair value
for the Series A Convertible Preferred Stock. The odd-lot tender offer also
provides qualifying shareholders a low cost way of disposing of their shares.

         The purpose of the odd-lot tender offer is to reduce the number of
shareholders of record of the Company to less than 500 (the Company has 569
shareholders of record), which will allow the Company to cease filing periodic
reports under the Securities Exchange Act of 1934, thereby realizing substantial
cost savings. The Company will also realize significant savings by reducing
accounting expenses and, potentially, the cost of director and officer
insurance. For these reasons, the Board of Directors believes the odd-lot tender
offer is in the best interests of the Company and its shareholders. It will
benefit the selling shareholders who will receive a substantial premium over the
present value of their stock, and it will benefit the remaining shareholders
because the Company will realize significant savings if it is not subject to the
reporting requirements for publicly held companies. The qualifying shareholders
are urged to tender their share at their earliest convenience.



         The odd-lot tender offer will be made to shareholders through an offer
letter to be mailed to qualifying shareholders as soon as possible. Company
officers and employees may contact qualifying shareholders to encourage their
participation in the odd-lot tender offer. If you are a qualifying shareholder
(i.e. you hold 15 shares or less) and wish to tender all of your shares please
call Dick Powell at (310) 459-9676 (e-mail, dickpowell@gladstones.com), who will
be happy to assist you in tendering your shares.

         The Company also announced that it expects to complete a private
placement of (i) Series A Convertible Preferred Stock in exchange for $1.3
million of the Company's Senior Notes, which are due May 15, 2003 and (ii)
Series B Convertible Preferred Stock in exchange for $2.1 million of the
Company's Convertible Subordinated Notes, which are due October 1, 2003. The
Series A Convertible Preferred Stock is convertible into Common Stock at $0.108
per share and the Series B Convertible Preferred Stock is convertible into
Common Stock at $0.23 per share. The Series A and Series B Preferred Stock are
convertible into Common Stock at any time at the option of the holder. The
Company currently has approximately 3.4 million shares of Common Stock
outstanding. Upon completion of the private placement, assuming 100% of the
Senior Notes and Convertible Subordinated Notes are exchanged for Series A and
Series B Preferred Stock and converted to Common Stock, the Company will have
approximately 24.9 million shares of Common Stock outstanding. The private
placement is expected to be completed on or about April 15, 2003. The private
placement is necessary due to the Company's lack of liquidity in light of the
near term due dates for the Senior Notes and the Convertible Subordinated Notes.

          The Company owns and operates Gladstone's 4 Fish in Pacific
Palisades, California and has Licensed the Gladstone's name to MCA Development
for a restaurant owned by MCA at its CityWalk project in Universal City,
California.


 SOURCE  California Beach Restaurants, Inc.
     /CONTACT:  Dick Powell, President for California Beach
 Restaurants, Inc., 310-459-9676/

 Companies or Securities discussed in this article:
   Symbol                  Name
 BB:CBHR   California Beach Restaurants