World’s Largest Philly Steak Chain Celebrates 400th Location with Announcement of Unit and Revenue Records

Charley's Grilled Subs Hits A High Note in Memphis with Milestone Celebration

Columbus, Ohio - Charley's Grilled Subs, the leader in hot, bold and made fresh Philly Steaks is excited to announce the opening of its 400th location in Memphis, TN at the Oak Court Mall. The benchmark store is set to open January 25, 2010 during National Philly CheeseSteak Month. Charley himself will be in attendance to lead the grand opening, where his most important announcement will be in regards to a donation made to one local school, which in turn will be developing a student scholarship.

The 400th location in the greater Memphis-area represents a milestone for the Philly Steak leader, both within the company and within the segment, overall. Even in light of the economic challenges of 2008-2009,

Charley's Grilled Subs has continued its path for unprecedented growth - today achieving not only 400 locations, but also appealing to the hearts and stomachs of guests in now 44 states across the country, and 15 countries across the globe. In 2009, Charley's also surpassed a financial milestone, by achieving a landmark $209 million dollars in chain-wide revenue.

Charley Shin, Founder and CEO of Charley's Grilled Subs, is looking forward to the 400th store's opening.

"The Charley's business principle, at its core, is based on community. We owe our success to our customers - without them, this unprecedented landmark would not have been possible. For that reason, we're so excited to share this event with the city of Memphis."

Since its inception in1986, value has been at the forefront of every endeavor at Charley's. The world's largest Philly Steak leader continues to grow with success due to its steadfast community of customers, standout service, and use of quality hot, bold and fresh ingredients.

About Charley's Grilled Subs

Charleys Grilled Subs, headquartered in Columbus, Ohio, now has 400 locations worldwide in 44 states and 15 countries. Founded in 1986, Charley's Grilled Subs is best known for its hot, bold and made fresh signature

Philly Steaks and other 100 percent USDA choice steak, chicken and deli subs, gourmet fries and freshly squeezed lemonade. More than 90 percent of Charley's Grilled Subs restaurants are independently owned and operated by local franchisees. The restaurant chain has been recognized at the top of more than ten national lists for successful franchising, entrepreneurship and management in its 23 years of business.