Ignite, together with its subsidiaries, owns and operates restaurants under the Joe’s Crab Shack and the Brick House Tavern+Tap brands. The Complaint alleges that the Registration Statement and Prospectus issued in connection with the Company’s IPO contained material errors, dating back to the Company’s inception, related to the Company’s accounting treatment of leases.

On July 18, 2012 Ignite announced that following an internal assessment of its lease accounting policies, the Company has determined that it is necessary to correct non-cash related errors related to its accounting treatment of certain leases. On July 19, 2012, following the Company’s announcement, shares of Ignite declined precipitously, more than 20%, on unusually heavy volume.

If you purchased Ignite common stock pursuant or traceable to the Company’s May 10, 2012 initial public offering, you may move the Court, no later than September 18, 2012 to serve as Lead Plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent Class member. To learn more about this action, or if you have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.