Press Releases 1997
For Immediate Release
Contact: James K. Zielke
(316) 634-0505
NASDAQ: TENT

September 17, 1997
Total Entertainment Restaurant Corp.
Third Quarter Earnings and News Release

DALLAS, TEXAS -- Total Entertainment Restaurant Corp. announced record third quarter earnings for the twelve weeks ended September 9, 1997. Net income increased 150% for the third quarter to $190,000 or $.02 per compared with $76,000 or $.01 per share for the same period last year. Year-to-date net income was $424,000 or $.05 per share, compared with $472,000 or $.06 per share last year.

Third quarter sales increased 14.6% to $3,678,000 compared to $3,209,000 for the same period last year. Year-to-date sales increased 22.5% to $11,756,000 compared to $9,596,000 for the same period last year. Comparable store sales for the third quarter declined 0.4% bringing year-to-date comparable store sales growth to a positive 4.9%.

Third quarter restaurant operating income increased 37.8% to $820,000 compared to $595,000 for the same period last year. Year-to-date restaurant operating income increased 39.6% to $2,646,000 compared to $1,895,000 for the same period last year.

Restaurant development activities continue on schedule. One Fox & Hound unit in Memphis, Tennessee was opened on September 3, 1997 bringing the number of units opened this year to two. Three additional units are scheduled to open this year. One of these sites is currently under construction in an existing market, Nashville, Tennessee, and the remaining two sites, which are located in new markets, are in various stages of permitting and should enter the construction phase shortly. Recruiting, selection, and training for the new restaurant crews are proceeding according to our timetable.

The Company currently operates four Fox & Hound English Pub and Grilles and nine Bailey's Sports Grilles in thirteen markets.

This Press Release contains certain forward-looking statements 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.