Yellow Point Bites Into Mr. Mikes

Vancouver, B.C. June 15, 2009 –Yellow Point Equity Partners II LP (“Yellow Point”) is pleased to announce the closing of its investment in Mr. Mikes Restaurants Corporation (“Mr. Mikes” or the “Company”), one of Western Canada’s largest full-service food franchisors. With a fun atmosphere, a menu focused on steaks and mid-scale price-points, Mr. Mikes offers an affordable indulgence for its customers.

“Mr. Mikes is a strong brand that has been built on the foundation of quality products and superior service” said Brian Begert, Managing Partner of Yellow Point. “We are excited about Mr. Mikes growth potential and believe that the strategic vision and operating experience that the management team brings to Mr. Mikes will be invaluable as the Company moves forward with the mission of continued growth.”

“I am proud of the many successes the Mr. Mikes’ team has achieved over the last four years, and convinced that this new strategic partnership with Yellow Point can propel Mr. Mikes to even greater heights,” said Yuri Fulmer, CEO and co-owner of the Company. “Its great to have partners like Yellow Point who have roots in western Canada and can assist us in growing the brand.”

Mr. Mikes, acquired by Yuri Fulmer in 2005, currently serves customers at 18 locations in British Columbia and Alberta. Fueled by a market-expansion program, an aggressive marketing campaign and updated stores, Mr. Mikes has added several new franchise partners and substantially increased revenue over the past few years.

About Yellow Point
Yellow Point Equity Partners is a private equity investment firm with significant operating and investment experience. We invest in and partner with outstanding management teams of later stage private companies with the goal of building shareholder value over the long-term. With our experience and creativity, and the strong support of our portfolio companies, we aim to be the long-term partner of choice for management teams of western Canada’s leading private companies.

For more information, please contact Brian Begert or David Chapman, or visit our website at www.ypoint.ca

Yellow Point Equity Partners LP
Suite 1700 – 1055 West Georgia Street
Vancouver, B.C. V6E 3P3

Brian Begert Managing Partner bbegert@ypoint.ca 604 659 1892

David Chapman Managing Partner dchapman@ypoint.ca 604 659 1894