California Beach Restaurants, Inc.

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International Guild of Hospitality & Restaurant Managers

California Beach Restaurants, Inc., incorporated in April 1971, is engaged in one line of business, the ownership and operation of a restaurant, Gladstone's 4 Fish (Gladstone's) restaurant in Pacific Palisades, California. The Company owns and operates Gladstone's through its wholly owned subsidiary, Sea View Restaurants, Inc. Until June 21, 2002, the Company also had operated RJ's - Beverly Hills (RJ's) in Beverly Hills, California.

Gladstone's 4 Fish

Gladstone's is a Southern Californian fresh seafood restaurant. Gladstone's offers an extensive menu specializing in fresh fish and shellfish. It purchases fresh seafood products, including live Maine lobster, premium Alaskan red king crab, western Australian lobster tails and Mexican shrimp, as well as the freshest fish available. Typical fish on the menu include salmon, swordfish, catfish, ahi tuna, petrale sole, pacific red snapper, halibut and mahi-mahi. Gladstone's menu also includes a large number of salads, pasta dishes and sandwiches, in addition to its extensive fish and shellfish items.

RJ's - Beverly Hills

RJ's was opened in 1979 and emphasized its extensive salad bar, barbecued ribs and chicken, library bar and antique ceiling fans to create an attractive, casual dining atmosphere in the heart of Beverly Hills. RJ's was open for lunch and dinner from Monday through Saturday, and dinner only on Sunday. The restaurant occupied approximately 7,500 square feet, with a seating capacity of approximately 260. As of June 21, 2002, the Company ceased operations of RJ's.

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