Flanigan's Announces Earnings

                                          For the 13 weeks  For the 13 weeks

                                           ended December    ended December

                                               30, 2006         31, 2005



  REVENUES

  RESTAURANT FOOD AND

      BEVERAGE REVENUES                        $11,117,000     $9,127,000



  PACKAGE GOODS REVENUES                         3,482,000      3,753,000

  FRANCHISE REVENUES                               300,000        261,000

  OWNER'S FEE                                       40,000         38,000

  OTHER OPERATING REVENUE                           46,000         70,000

                                                ----------     ----------

  TOTAL REVENUES                               $14,985,000    $13,249,000

                                                ==========     ==========



  NET PROFIT (LOSS)

                                                  $324,000       $363,000

                                                ==========     ==========

  NET INCOME (LOSS) PER COMMON SHARE

      BASIC EPS                                       $.17           $.19

                                                ==========     ==========

      Diluted EPS                                     $.17           $.19

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