Big Three Restaurants, Inc. Announces Satisfaction of Debt

Orlando, FL, July 11, 2013 – (eTeligis via Accesswire) -- Big Three Restaurants, Inc., (BTHR) announced today it has satisfied notes in a total amount of $366,276 by conversion into common stock.

The Company has completely satisfied one note in the original amount of $241,576 issued in partial consideration for the acquisition of Bobby V's Original Westshore Pizza, LLC and its sister corporation.

The Company has completely satisfied a second note in the original amount of $65,450 issued for financing of working capital.

The Company has partially satisfied a third note in the original amount of $59,250 issued for financing of working capital which it has paid $20,400, leaving an unpaid balance outstanding of $38,850.

Portions of all three notes had been converted previously. The conversions announced today have resulted in the issue of 1,282,383,900 shares of the Company's common stock. After these issues, the Company has a total of 3,419,097,549 shares issued and outstanding.

Information about the basis of conversion is contained in the Company's report on Form 8-K filed with the SEC.

John V. Whitman, Jr., the Company's chief executive officer, said, "It has been a very long road in this difficult economic environment. The Company is making great strides in reducing debt and implementing its business plan. We are pleased to have satisfied a substantial part of our total debt and are looking forward to continued positive movement."

ABOUT THE COMPANY

The Company is a developmental stage enterprise planning acquisitions of profitable restaurant operations in three categories respected franchise brands, upscale family dining and theme style restaurants. In addition the Company will seek businesses which have built a core business that can easily be duplicated in emerging markets throughout the Southeast.

SAFE HARBOR AND INFORMATIONAL STATEMENT

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact, regarding the intent, belief or current expectations of the Company and its management with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements

For more information contact:

John V. Whitman Jr., Chief Executive Officer

Phone: 516-375-6649

E-mail: johnwhit9756@yahoo.com

http://www.big3restaurants.com/

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SOURCE Big Three Restaurants, Inc.