1021270--3/13/2009--FAMOUS_DAVES_OF_AMERICA

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{cost, contract, operation}

{product, market, service}

{cost, operation, labor}

{condition, economic, financial}

{financial, litigation, operation}

{property, intellectual, protect}

The Recent Disruptions in the Overall Economy and the Financial Markets May Adversely Impact Our Business and Results of Operations and May Impact Our Ability to Comply with our Credit Facility s Financial Covenants. Our Future Revenue and Operating Income Are Dependent on Consumer Preference and Our Ability to Successfully Execute Our Plan. Competition May Reduce Our Revenue and Operating Income. Our Failure to Execute Our Franchise Program May Negatively Impact Our Revenue and Operating Income. The Inability to Develop and Construct Our Restaurants Within Projected Budgets and Time Periods Could Adversely Affect Our Business and Financial Condition. The Restaurant Industry is Subject to Extensive Government Regulation That Could Negatively Impact Our Business. We Are Subject to the Risks Associated With the Food Services Industry, Including the Risk That Incidents of Food-borne Illnesses or Food Tampering Could Damage Our Reputation and Reduce Our Restaurant Sales. Our Ability to Exploit Our Brand Depends on Our Ability to Protect Our Intellectual Property, and If Any Third Parties Make Unauthorized Use Of Our Intellectual Property, Our Competitive Position and Business Could Suffer.

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1021270--3/13/2009--FAMOUS_DAVES_OF_AMERICA_INC