SOURCE: Santa Fe Holding Company, Inc.

November 01, 2007 09:30 ET

Santa Fe Holding Company, Inc., the Parent Company of Santa Fe Cattle Co., Announced Today That It Has Acquired All of the Rights and Assets of Its Only Licensed Store in Shelbyville, IN

BRENTWOOD, TN--(Marketwire - November 1, 2007) - Santa Fe Holding Company, Inc. (PINKSHEETS: SFHD), the restaurant holding company which owns and operates Santa Fe Cattle Co. restaurants in 7 states, announced today that it has acquired through a stock purchase all of the rights and assets of its only licensed store in Shelbyville, In. The store, which was opened in January 2006 by David and Tom Carmony, will now be a company owned store and operated by the Santa Fe management team.

Danny York, Chairman of Santa Fe Holding Company, commented "that the acquisition of our only licensee will enable Santa Fe Cattle Co. to expand at a more rapid pace in the state of Indiana." He also noted that they have hired a long time multi unit restaurant veteran named Greg Broyles to head up the store and work on developing the state of Indiana. Mr. York added, "Being able to add Greg to our management team was the clincher in our decision to acquire the licensed store." This brings the total number of stores currently open and owned by the company to 18. The 19th store opens next week in Columbus, MS. There are currently 5 stores under construction with the Gadsden, AL store set to open in early December 2007. The company has property under contract to open another 10 stores in calendar year 2008.

"The Indiana store, while successful, was our only restaurant operated by a licensee," stated Mr. York. "When the opportunity arose for us to acquire the location and have it operated as a company owned store, we jumped at the opportunity. We would like to continue to grow our concept at a fast pace and by having 100% of our stores company owned we can make sure our look, feel, quality, and service are maintained at Santa Fe management's high standards."


Santa Fe Holding Company is the holding company for one of the nation's fastest growing casual dining "roadhouse" steak restaurant chains with locations in 7 states. Santa Fe Cattle Co., started in 1996, provides customers with a unique blend of perfectly aged USDA Choice steaks and mouth watering Chuck Wagon favorites developed exclusively for Santa Fe Cattle Co. The menu contains a melting pot of Texas Hill Country influences, from south of the border enchiladas and fajitas to hearty sausage and authentic flavored sauces and dressings that can only be found at a Santa Fe Cattle Co. restaurant. Each store has a "Big Ass Ceiling Fan" encompassing the entire dining room with customers enjoying the casual, nostalgic family oriented atmosphere reminiscent of the old west. The company, located in Brentwood, TN, was established to provide customers with great food, awesome service, in a fun atmosphere, all at a reasonable price.

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