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

October 2, 2000
Total Entertainment Restaurant Corp.
Third Quarter Earnings and News Release

WICHITA, KANSAS -- Total Entertainment Restaurant Corp. announced record entertainment and restaurant operating income for the twelve-week third quarter ended September 5, 2000.
Third quarter sales were $11,282,000 compared with $11,441,000 for the same quarter last year. Comparable store sales increased 1.0% for the third quarter and 1.6% year-to-date.

Entertainment and restaurant operating income for the quarter increased to $1,212,000 compared with entertainment and restaurant operating loss of $140,000 for the same quarter last year. Net income was $20,000 for the quarter or $0.00 per share compared with net loss of $942,000 or $0.09 per share for the same period a year ago. Included in the net loss for the third quarter last year were charges for a store closure of $685,000 ($0.07 per share), net of taxes of $402,000 and a one-time charge for a state sales tax assessment of $232,000 ($0.02 per share), net of taxes of $136,000.

Steve Johnson, Chief Executive Officer, stated, "Given the seasonality of our business, we are very pleased with the operating results we were able to achieve in the third quarter. We are especially proud of our sixth consecutive quarter of comp store sales growth. Our current sales momentum is important as we head into our final quarter of the fiscal year."

During the third quarter the Company repurchased 116,000 shares of its common stock. The Company has repurchased 1,169,429 shares of its common stock under the 1,500,000 share repurchase plan authorized by the Board of Directors. The Board of Directors authorized the repurchase of an additional 500,000 shares on September 28, 2000.

Steve Johnson also stated, "Following our sales and earnings results of Q4 of 1999 and Q1 of 2000, our Board of Directors authorized senior management to renew the development of our concept. We will open two to three new units during the fourth quarter of this year. In addition, we have two more executed leases and six properties with outstanding letters of intent. We plan on opening an additional seven units during 2001. While we are excited about this development, we are committed to doing so in a controlled manner and not at the expense of our existing operations."

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.