Ark Restaurants Reinstates Stock Repurchase Program

Thu Mar 27, 2008 2:06pm EDT

* Reuters is not responsible for the content in this press release.

NEW YORK--(Business Wire)--
Effective March 25, 2008, Ark Restaurants Corp. (NASDAQ:ARKR) has
reinstated its stock repurchase program authorizing management to
purchase up to 500,000 shares of the Company's common stock during the
next two years. Any repurchases under the program will be funded using
the Company's working capital and be based on management's evaluation
of market conditions and other factors.

   Ark Restaurants owns and operates 22 restaurants and bars, 24 fast
food concepts, catering operations and wholesale and retail bakeries.
Seven restaurants are located in New York City, four are located in
Washington, D.C., five are located in Las Vegas, Nevada, two are
located in Atlantic City, New Jersey, three are located at the
Foxwoods Resort Casino in Ledyard, Connecticut and one is located in
Boston, Massachusetts. The Las Vegas operations include three
restaurants within the New York-New York Hotel & Casino Resort and
operation of the hotel's room service, banquet facilities, employee
dining room and nine food court concepts; one bar within the Venetian
Casino Resort as well as three food court concepts. In Las Vegas, the
Company also owns and operates one restaurant within the Forum Shops
at Caesar's Shopping Center. The Florida operations under management
include five fast food facilities in Tampa, Florida and seven fast
food facilities in Hollywood, Florida, each at a Hard Rock Hotel and
Casino operated by the Seminole Indian Tribe at these locations. In
Atlantic City, New Jersey, the Company operates a restaurant and a bar
in the Resorts Atlantic City Hotel and Casino. In Boston,
Massachusetts, the Company operates a restaurant in the Faneuil Hall
Marketplace.

   Except for historical information, this news release contains
forward-looking statements, which involve unknown risks, and
uncertainties that may cause the Company's actual results or outcomes
to be materially different from those anticipated and discussed
herein. Important factors that might cause such differences are
discussed in the Company's fillings with the Securities and Exchange
Commission. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.

Ark Restaurants
Robert Towers, 212-206-8800
bob@arkrestaurants.com

Copyright Business Wire 2008
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