Noble Roman's Evaluating Strategies to Enhance Shareholder Value

    INDIANAPOLIS, March 19 /PRNewswire-FirstCall/ -- Indianapolis based
 Noble Roman's, Inc. (OTC Bulletin Board:   NROM) today announced that it is
 evaluating various strategies to enhance shareholder value and has retained
 Roth Capital Partners as its exclusive financial advisor. The company
 anticipates that a range of options will be presented as a result of this
 analysis, which the company will then review in consultation with its board
 of directors and advisors. Although the company is dedicated to maximizing
 value for all of its stakeholders, there can be no assurance of any
 particular outcome or course of action. The company will only discuss
 developments of this exploration process if and when its board of directors
 decides upon a definitive course of action.
 
     Noble Roman's, Inc. is the franchisor of Noble Roman's Pizza and
 Tuscano's Italian Style Subs for non-traditional and traditional franchises
 in 45 states, plus a limited number of international franchises primarily
 in military bases. Noble Roman's was founded in 1972 and its franchise
 concepts are marketed based on high quality pizza and sub related products,
 simple operating systems, fast service times, labor minimizing operations,
 attractive food costs and overall affordability.
 
     The statements contained in this press release concerning the company's
 future revenues, profitability, financial resources, market demand and
 product development are forward-looking statements (as such term is defined
 in the Private Securities Litigation Reform Act of 1995) relating to the
 company that are based on the beliefs of the management of the company, as
 well as assumptions and estimates made by and information currently
 available to the company's management. The company's actual results in the
 future may differ materially from those projected in the forward-looking
 statements due to risks and uncertainties that exist in the company's
 operations and business environment including, but not limited to:
 competitive factors and pricing pressures, shifts in market demand, general
 economic conditions and other factors, including (but not limited to)
 changes in demand for the company's products or franchises, the success or
 failure of individual franchisees and the impact of competitors' actions.
 Should one or more of these risks or uncertainties adversely affect the
 company or should underlying assumptions or estimates prove incorrect,
 actual results may vary materially from those described herein as
 anticipated, believed, estimated, expected or intended.
 
 
 

SOURCE Noble Roman's, Inc.