Frisch's (FRS) to Sell Golden Corral Ops, Real Estate to NRD Holdings

Frisch's Restaurants, Inc. (AMEX: FRS) has entered into an asset purchase agreement with NRD Holdings, LLC (NRD) for the sale of substantially all of its Golden Corral operations and real estate consisting of restaurants in Ohio, Indiana, Kentucky, West Virginia and Pennsylvania. Terms of the transaction were not disclosed. The transaction is expected to close by the end of the company's fiscal year ending May 29, 2012, subject to customary financing, due diligence and closing contingencies.

Brookwood Associates acted as exclusive financial advisor to the Company on the transaction.

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