SOURCE: Market Pulse

January 26, 2006 08:30 ET

Market Pulse Breaking News Alert for Thursday, January 26, 2006: CEAT -- Creative Eateries Corporation and Its Partners to Open Third Kokopelli Sonoran Grill Restaurant!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- January 26, 2006 -- Market Pulse News Alert for this AM, Stocks to Watch are: Creative Eateries Corporation (OTC BB: CEAT), Corning Inc. (NYSE: GLW), Applebee's International Inc. (NASDAQ: APPB) and Oracle Corp. (NASDAQ: ORCL).

Investors need to be watching Creative Eateries Corporation (OTC BB: CEAT) this AM! Creative Eateries is a franchise development company organized to capitalize on the new, growing demand for "fast-casual/full-service" restaurants in North America. The fast casual segment of the restaurant market has been the most rapidly growing segment of the $400 billion restaurant industry for the past several years. Creative Eateries is poised to take advantage of this new phenomenon by targeting emerging and undervalued restaurant/franchise concepts and owning equity directly in these brands. The restaurant/franchise concepts include: Kokopelli Sonoran Grill, Comstock Jake's, Fit & Healthy Market Café, Q's House of Barbecue, and Don Allio's Italian Kitchen. CEAT's management feels that each concept will be uniquely positioned to become a premier level franchise. Creative Eateries intends to grow these brands through expanding corporate growth and franchising by leveraging its skilled team of restaurant and franchise development professionals, deep operational expertise and a database of potential franchisees. CEAT is poised to become a significant player in the restaurant industry. CEAT just had excellent news out in a press release before today's opening bell announcing that each Kokopelli Sonoran Grill franchise is expected to generate annual royalties of more than $50,000, which equates to about $3,000,000 per year in gross revenues for the company! Investors should be watching this one closely!

Creative Eateries Corporation (OTC BB: CEAT) today announced the third planned franchisee opening of the company's Kokopelli Sonoran Grill restaurant concept. To be launched on February 9 in Toledo, Ohio, the store is one of the 61 franchises sold since the concept's inception. Other restaurants in various stages of completion include locations in Detroit, Michigan; Portland, Oregon; and three in the Greater Phoenix area.

"Kokopelli Franchise Company, LLC has received significant interest from restaurant developers who see the upside potential of the quality fast casual dining experience that the Kokopelli brand represents," said Creative Eateries Corporation Chief Executive Officer Frank Holdraker.

"With each Kokopelli Sonoran Grill franchise expected to generate annual royalties of more than $50,000, which equates to about $3,000,000 per year in gross revenues for the company, the coast-to-coast growth of Kokopelli is an extremely positive achievement for the company and its shareholders. Creative Eateries Corporation maintains a 50/50 profit sharing agreement with its partner in Kokopelli Franchise Company, LLC, and plans to continue the expansion of this franchise concept, increasing the value of our investment and providing growth at a manageable pace," added Holdraker.

About Kokopelli Sonoran Grill

Kokopelli Sonoran Grill was founded in Phoenix, Arizona, in 1997 and differentiates itself from other fast-casual chains by serving made-to-order big burritos, tacos, fajitas, and other Sonoran favorites made with authentic, hand-blended Sonoran spices.

Kokopelli specializes in many menu items found in full service Mexican restaurants, such as Sonoran Garlic Steak, Grilled Chicken Sedona, Margarita Shrimp, Chicken Colorado, beer and frozen-margaritas, as well as beans slow cooked every day and never refried, a full line of salads, and tortillas steamed to order -- all served "platter" style. Kokopelli uses only the freshest ingredients, no additives or preservatives, and offers complete dine-in and take-out service in high volume retail centers and other high traffic commercial locations throughout the United States.

About Creative Eateries

Creative Eateries Corp. is a full-service franchise development company that targets emerging and undervalued franchise concepts. The company is introducing a line of new restaurant brands that fall into the broad category of "fast-casual/full-service" dining. Creative Eateries Corp. will provide the necessary elements to grow these brands by owning or partnering with the existing restaurant companies, thereby owning equity directly in these brands and by providing the concepts a total Franchise Turnkey Program. This formula is the result of several years of development to provide the tools and support needed to create and sustain a successful restaurant franchise with above average per store returns.

Creative Eateries is listed on the NASDAQ Electronic Bulletin Board under the trading symbol CEAT.

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Stocks in the news and acting well as of late include: Corning Inc. (NYSE: GLW), Applebee's International Inc. (NASDAQ: APPB) and Oracle Corp. (NASDAQ: ORCL).

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