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ORANGE COUNTY EARNINGS

May 16, 1997

Chicago Pizza & Brewery Inc.: The Mission Viejo operator of casual dining restaurants posted a net loss of $172,000, or 3 cents a share, for the first quarter, compared with a net loss of $367,000, or 10 cents a share, for the like period last year. Revenue climbed to $5.8 million from $1.8 million. The company attributed the revenue gain primarily to the purchase of 19 stores in the Northwest in March 1996 and the opening of three restaurants.

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