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Waitr Holdings Announces Management and Board Changes

LAKE CHARLES, La.--(BUSINESS WIRE)--

Waitr Holdings Inc. (WTRH) (“Waitr,” “we” or the “Company”) today announced that Jeff Yurecko, the Company’s current Chief Financial Officer, will resign from the position effective November 1, 2019. The Company has initiated a search process to select a Chief Financial Officer.

“We would like to thank Jeff for his dedication to Waitr and Bite Squad since he joined Bite Squad in 2016,” said Adam Price, Chief Executive Officer of Waitr. “We are grateful for a strong finance and accounting team - including our Chief Accounting Officer Karl Meche who has over 20 years of experience leading accounting, treasury, SEC reporting, internal audit, tax and compliance – who will be a great asset until we find a permanent replacement for Jeff.”

“Waitr’s unique relationship-based approach, through a three-sided marketplace, as well as the front runner position we have in many of the markets we serve has provided a stable foundation for the Company. I continue to be excited about the improvement opportunities sitting in front of the business that we are looking to take advantage of over the next 6, 12 and 24 months,” concluded Price.

In addition, the Company also announced that Board members, Sue Collyns and Scott Fletcher have resigned from the Board. The Board has initiated a search process to select new Board members.

Jeff, Sue and Scott’s decisions to resign were not related to a disagreement with the Company over any of its operations, policies or practices.

The Company will announce the details for their November earnings call to discuss its Q3 2019 results once they are available.

Cautionary Note Concerning Forward-Looking Statements

This press release contains “forward-looking statements,” as defined by the federal securities laws, including statements regarding the future performance of the Company. Forward-looking statements reflect Waitr’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” and the negatives of these words and other similar expressions generally identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled “Risk Factors” in Waitr’s Annual Report on Form 10-K, filed with the SEC on March 15, 2019, as such factors may be updated from time to time in Waitr’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Waitr’s filings with the SEC. While forward-looking statements reflect Waitr’s good faith beliefs, they are not guarantees of future performance. Waitr disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Waitr (or to third parties making the forward-looking statements).

About Waitr Holdings Inc.

Founded in 2013 and based in Lake Charles, Louisiana, Waitr is a leader in on-demand food ordering and delivery. Waitr, along with recently acquired food delivery company Bite Squad, connect local restaurants to hungry diners in underserved U.S. markets. Together they are the most convenient way to discover, order and receive great food from the best local restaurants and national chains. As of June 30, 2019, Waitr operated in small and medium sized markets in the United States across approximately 700 cities.

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