Market Overview

STAR BUFFET, INC. TO ACQUIRE MONTANA RESTAURANT

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SCOTTSDALE, AZ, May 25, 2018 (GLOBE NEWSWIRE) -- Star Buffet, Inc. (OTC:STRZ) a multi-concept restaurant operator, announced today that it has reached agreement to acquire the Frosty Freez family restaurant in Big Timber, Montana.  The restaurant will become part of Star Buffet's wholly-owned 4B's Holdings, Inc. subsidiary which currently operates thirteen family dining restaurants in Montana.  4B's plans to keep the Frosty Freez name, although the menu offering and hours of operation will be expanded. 

Commenting on the announcement, Robert E. Wheaton, Star Buffet's President stated, "This proposed transaction is consistent with the Company's strategy of growing its businesses through the acquisition of well-managed, regionally recognized brands.  We are pleased to be associated with Frosty Freez, which in 2018 celebrates its sixtieth anniversary in the extraordinarily scenic Big Timber, Montana community." 

About Star Buffet

Star Buffet, Inc., through eight independently capitalized subsidiaries, is a multi-concept holding company with 27 restaurants in 10 states...including the "world-famous" Casa Bonita Mexican theme restaurant in Lakewood, Colorado.

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Contact:    Robert E. Wheaton                                                           
            President, CEO                                                     
            Star Buffet, Inc.
            (480) 425-0454

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