"In March, 2000, our board of directors determined that it was in the best interest of the Company to focus on our core restaurant businesses," stated Craig F. Maier, President and Chief Executive Officer.  "We take pride in the past accomplishments of our two award winning hotels in Cincinnati, but believe we will add more long-term value for our shareholders by concentrating on our restaurant operations.

"We are very pleased that Steve Mullinger, a former vice president of our hotel and specialty restaurant division, will now be operating the Quality Hotel in Norwood.  While it has been some time since Steve operated this hotel, he certainly is no stranger to the location.  We wish him the best of luck in this new endeavor."

Frisch's Restaurants, Inc. operates 87 family-style restaurants under the name of Frisch's Big Boy in Indiana, Kentucky and Ohio and licenses another 36 restaurants to other Big Boy operators. The Company also operates ten Golden Corral restaurants and intends to own and operate a total of 41 in the Cincinnati, Cleveland, Dayton, Louisville and Toledo markets. Frisch's has recorded positive net earnings for all 41 years the Company has been public and has paid 161 consecutive quarterly dividends.

Statements contained in this press release which are not historical facts are forward looking statements as that item is defined in the Private Securities Litigation Act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.