Press Releases 2000
For Immediate Release
Contact: James K. Zielke
(316) 634-0505
NASDAQ: TENT

February 4, 2000
Total Entertainment Restaurant Corp.
Fourth Quarter Earnings and News Release

WICHITA, KANSAS -- Total Entertainment Restaurant Corp. announced record sales and restaurant operating income for both the 16 week fourth quarter and fiscal year ended December 28, 1999.
Fourth quarter sales increased 17.6% to $17,309,000 compared with $14,713,000 for the same quarter last year. Annual sales increased 64.0% to $55,930,000. Comparable store sales increased 2.1% in the fourth quarter and decreased 0.5% for the year.

Restaurant operating income for the quarter increased 12.3% to $2,789,000 compared with $2,483,000 for the same quarter last year. Net income was $784,000 for the quarter or $0.08 per share compared with net income of $850,000 or $0.08 per share for the same period a year ago.
For the year, restaurant operating income increased 7.3% to a record $6,677,000. Net loss was $311,000 or $0.03 per share compared with net income of $2,081,000 or $0.20 per share last year. Included in the net loss for 1999 were charges for a first quarter change in accounting principle for pre-opening costs of $1,128,000 net of taxes ($0.11 per share), a unit closure of $685,000 net of taxes ($0.07 per share) and a one-time charge for a state sales tax assessment of $232,000 net of taxes ($0.02 per share), both of which occurred during the third quarter.

Jim Zielke, Chief Financial Officer, stated, "While we are pleased with the results for the quarter, it should be noted that our fourth quarter is typically our strongest quarter of the year due to the seasonal nature of our business and because it contains an additional four weeks."

The Company has repurchased 763,729 shares of its common stock under the 1,000,000 share repurchase plan authorized by the Board of Directors on October 5, 1999.

Fiscal year 2000 development plans call for the opening of up to four new units. One lease has been executed and one unit is currently under a non-binding letter of intent to lease with pending contingencies.

The Company is also pleased to announce the hiring of Paula Schultz as Vice President of Marketing, a newly created position. Ms. Schultz has over 20 years of experience in marketing and advertising, including marketing positions with Brinker International, Don Pablo's and El Chico.

Steve Johnson, Chief Executive Officer, said, "We are extremely excited about having Paula join our team. I am very happy with our operations and same store sales momentum at this time. Paula will help us leverage this momentum in the future."

The Company currently operates 35 entertainment restaurants in 33 markets under the names Fox and Hound English Pub & Grille, Bailey's Sports Grille and Bailey's Pub & Grille.

This Press Release contains certain forward-looking statements of the Company within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the Press Release will prove to be accurate.