MEMPHIS, Tenn.— May 23, 2002—Back Yard Burgers, Inc. (Nasdaq SmallCap:BYBI ) today announced that on May 22, 2002, the company entered into a 40-unit development agreement with Black Angus Burgers, Inc.
The development agreement contemplates that Black Angus Burgers, Inc. will open forty Back Yard Burgers stand-alone franchises over the next ten years, including twenty-two restaurants in the Tampa/St. Petersburg and Lakeland, Florida, areas and eighteen restaurants in certain counties of South Carolina, namely the metropolitan areas of Charleston, Columbia and Myrtle Beach.
