Big Buck Brewery & Steakhouse, Inc. Completes Going Private Transaction GAYLORD, Mich., March 26 /PRNewswire-FirstCall/ -- Big Buck Brewery & Steakhouse, Inc. (BULLETIN BOARD: BBUC) announced today that it has completed its going private transaction. At a special meeting of shareholders held on March 25, 2004, the Company's shareholders approved amendments to the Company's Restated Articles of Incorporation providing for (1) a 1-for-10 reverse stock split of the Company's common stock, (2) cashpayment of $0.25 per pre-split share to any shareholder who would not be entitled to receive at least one whole share of common stock in connection with the reverse stock split, and (3) a 10-for-1 forward stock split of the Company's common stock. As a result of this recapitalization, which became effective on March 25, 2004, the number of record holders of the Company's common stock decreased to approximately 250, thereby enabling the Company to make a filing to deregister its common stock. As a result of the deregistration, the Company will not be filing further periodic reports with the SEC under the Exchange Act. As an additional consequence of the deregistration, the Company's common stock will no longer be eligible for trading on the OTCBB. The ownership of the Company remains essentially the same as before the recapitalization. About the Company Big Buck Brewery & Steakhouse, Inc. operates restaurant-brewpubs, offering casual dining, a high quality, moderately priced menu and a variety of award- winning craft-brewed beers, in Gaylord, Michigan; Auburn Hills, Michigan; and Grapevine, Texas. The Grapevine unit is owned and operated by Buck & Bass, L.P. pursuant to a joint venture agreement between the Company and Bass Pro Outdoor World, L.L.C. DATASOURCE: Big Buck Brewery & Steakhouse, Inc. CONTACT: Anthony P. Dombrowski, President, Chief Executive Officer, Chief Financial Officer and Treasurer of Big Buck Brewery & Steakhouse, Inc., +1-989-731-0401 Web site: http://www.bigbuck.com/

Copyright