Tumbleweed, Inc

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International Guild of Hospitality & Restaurant Managers

2301 River Road, Suite 200
Louisville , KY 40206

Phone: (502) 893-0323
Fax: (502) 893-6676

Tumbleweed, Inc., incorporated in 1999, owned, franchised or licensed 65 Tumbleweed Southwest Mesquite Grill & Bar restaurants (the Tumbleweed Restaurants) as of December 31, 2001 . The Company owned and operated 36 Tumbleweed restaurants in Kentucky, Indiana and Ohio, including one restaurant that was 50% owned through a joint venture until the other owner's interest was acquired by Tumbleweed, subsequent to December 31, 2001. There were 21 franchised Tumbleweed Restaurants located in Indiana, Illinois, Kentucky, Michigan, Virginia and Wisconsin, and eight licensed restaurants located outside the United States in Germany, Jordan, Egypt, Saudi Arabia, England and Turkey. Tumbleweed Restaurants feature sophisticated southwest and mesquite-grilled food served in a casual dining atmosphere evoking the American Southwest. The Company's restaurants are open seven days a week, excluding certain holidays, for lunch and dinner, and generally offer a full-service bar.

The Tumbleweed Restaurants' menu offers both distinctively seasoned, spicier versions of Mexican dishes, as well as an assortment of grilled steaks, ribs, pork chops, chicken and seafood selections. The Tumbleweed concept is designed to appeal to a broad range of customers by offering a wide selection of distinctive items at a broad range of price points. Use of a centralized commissary system enhances the Company's ability to maintain consistently high food quality, minimizes restaurant kitchen space and equipment, reduces the need for skilled cooking personnel and simplifies restaurant operations.

The Tumbleweed Restaurants' menu features distinctively seasoned versions of Mexican dishes and mesquite-grilled selections. Customers receive complementary chips and salsa, and can choose from a selection of appetizers, including such Company specialties as chile con queso and chili, as well as nachos, quesadillas, buffalo chicken strips, Southwest eggrolls and turkey wings. The Mexican menu offers burritos, enchiladas, tacos, chimichangas and other items served both individually and in various combination dinners, accompanied by rice and refried or baked beans. Customers may also choose from an assortment of fajitas, ribs, chicken, steak, pork chops and seafood prepared over an open gas-fired mesquite wood grill, and served with Texas Toast, salad and a choice of baked potato, baked sweet potato, southwest fries, smashed taters, corn on the cob, grilled veggies, rice and refried or baked beans. Mesquite-grilled items are available as sandwiches, as well as entrees. A variety of salads featuring refried beans, seasoned beef, shredded or fried strips of chicken, mesquite-grilled chicken or seafood, as well as other traditional ingredients, rounds out the menu. The Company periodically introduces new items that complement its present menu selections, a lunch menu, as well as seasonal menus to increase the frequency of guest visits.

Tumbleweed Restaurants typically contain full-service bars offering a wide assortment of mixed drinks, wines, domestic and imported beers, and featuring the Tumbleweed margarita and Texas Tea. Alcoholic beverages accounted for approximately 10.8% of restaurant sales during 2001.

In 2002, the Company purchased Tumbleweed International, LLC. The acquisition gives Tumbleweed direct control and benefit of the international licensing of the Tumbleweed concept. During the year ended December 31, 2001 , three new franchised restaurants were opened in Jeffersonville , Indiana , Fredericksburg , Virginia , and Park Place, Wisconsin , and a franchisee elected to close its Charleston , West Virginia , restaurant.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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