MINNEAPOLIS, Nov. 8, 2010 (GLOBE NEWSWIRE) -- Famous Dave's of America, Inc. (Nasdaq:DAVE - News) today announced that its Board of Directors has authorized a stock repurchase plan whereby the Company may repurchase up to one million additional shares of its common stock. The shares may be repurchased from time-to-time in the open market or through privately negotiated transactions and will be funded from available working capital. The repurchase plan may be discontinued at any time at the discretion of the Company. Currently, the Company has approximately 8.4 million shares outstanding.
"Extending our stock repurchase program demonstrates our commitment to generating shareholder value and our confidence in the long-term growth potential of Famous Dave's," said Christopher O'Donnell, President and CEO of Famous Dave's.