Morton's Restaurant Group, Inc. Announces Stock Repurchase Program

CHICAGO, Jan. 15 /PRNewswire-FirstCall/ -- Morton's Restaurant Group, Inc.
(NYSE: MRT) today announced that its Board of Directors has approved a stock
repurchase program. This program authorizes the Company to repurchase up to
$4.0 million of its common stock. The stock repurchases may be made through
the open market or in privately negotiated transactions, in accordance with
SEC requirements.
The timing and the amount of any repurchases will be determined by the
Company's management, based on its evaluation of market conditions and other
factors. The stock repurchase program will be funded using the Company's cash
balances and or the revolving credit facility, which the Company believes are
adequate to support the stock repurchase program and the Company's operating
business. As of October 22, 2007, the Company had 17,379,915 shares of common
stock outstanding.
ABOUT MORTON'S
Morton's Restaurant Group, Inc. is the world's largest operator of
company-owned upscale steakhouses. Morton's steakhouses have remained true to
our founders' original vision of combining generous portions of high quality
food prepared to exacting standards with exceptional service in an enjoyable
dining environment. As of January 15, 2008, the Company owned and operated
78 Morton's steakhouses located in 66 cities in 28 states, Puerto Rico and
five international locations (Hong Kong, Macau, Singapore, Toronto and
Vancouver), as well as four Italian restaurants. Please visit our Morton's Web
site at www.mortons.com.
FORWARD-LOOKING STATEMENTS
Except for the historical information contained in this news release, the
matters addressed are forward-looking statements. Forward-looking statements,
written, oral or otherwise made, represent the Company's expectation or belief
concerning future events. Without limiting the foregoing, the words
"believes," "thinks," "anticipates," "plans," "expects" and similar
expressions are intended to identify forward-looking statements. The Company
cautions that forward-looking statements are subject to risks, uncertainties,
assumptions and other important factors that could cause actual results to
differ materially, or otherwise, from those expressed or implied in the
forward-looking statements, including, without limitation, risks of the
restaurant industry, including a highly competitive environment and industry
with many well-established competitors with greater financial and other
resources than the Company, the impact of changes in consumer tastes, local,
regional and national economic and market conditions, restaurant
profitability levels, expansion plans, timely construction and opening of new
restaurants, demographic trends, traffic patterns, employee availability,
benefits and cost increases, product safety and availability, government
regulation, the Company's ability to maintain adequate financing facilities
and other risks detailed from time to time in the Company's most recent Form
10-K, Forms 10-Q and other reports filed with the Securities and Exchange
Commission. Other unknown or unpredictable factors also could harm the
Company's results. Consequently, there can be no assurance that actual
results or developments anticipated by the Company will be realized or, even
if substantially realized, that they will have the expected consequences to,
or effects on, the Company. The Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by applicable
securities laws.
SOURCE Morton's Restaurant Group, Inc.

Ronald M. DiNella, Senior Vice President, Chief Financial Officer, Morton's
Restaurant Group, Inc., +1-312-923-0030