Shells Seafood Restaurants

Shells Seafood Restaurants, Inc. is a full-service, casual dining seafood concept designed to appeal to a range of customers. Shells restaurants feature a selection of seafood items, including shrimp, oysters, clams, scallops, crawfish, mussels, lobster, crab and daily fresh fish specials, cooked to order in a variety of ways, such as steamed, sauteed, grilled, blackened and fried. In addition, the Company's restaurants offer a selection of signature pasta dishes, appetizers, salads, and desserts and full bar service. All Shells restaurants are open for lunch and dinner. In December 2007, the Company entered into an agreement to sell its marks and system in certain middle eastern countries to Food and Entertainment Co., LTD. It sold the development rights to Food and Entertainment to open 10 restaurants over a 10-year period. In September, 2008, the Company announced that it filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code.