Flanigan's Announces Earnings

                                                For the           For the

                                            13 weeks ended    13 weeks ended

                                              December 29,      December 30,

                                                  2007             2006

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

  REVENUES

  RESTAURANT FOOD AND BEVERAGE REVENUES       $12,037,000       $11,117,000



  PACKAGE STORE REVENUES                        3,431,000         3,482,000

  FRANCHISE REVENUES                              331,000           300,000

  OWNER'S FEE                                      66,000            40,000

  OTHER OPERATING REVENUE                          39,000            46,000

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

  TOTAL REVENUES                              $15,904,000       $14,985,000

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



  NET PROFIT (LOSS)                              $185,000          $324,000

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

  NET INCOME (LOSS) PER COMMON SHARE

      BASIC EPS                                      $.10              $.17

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

      Diluted EPS                                    $.10              $.17

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