Noble Roman's Announces Third Quarter 2009 Earnings

Noble Roman’s, Inc. (OTC Bulletin Board: NROM), the Indianapolis-based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, today announced results for the quarterly period ended September 30, 2009. Net income was $459,535 or $.02 per share basic and diluted, on weighted average number of common shares outstanding of 19.4 million and diluted weighted average shares of 19.9 million. This was a 44.2% increase in net income over the quarterly period ended September 30, 2008 of $304,809, or $.02 per share basic and diluted, on weighted average number of common shares outstanding of 19.2 million, and diluted weighted average shares of 19.9 million. Total revenues for the quarterly period ended September 30, 2009 were $1.9 million compared to total revenues of $2.2 million for the comparable period in 2008.

For the nine-month period ended September 30, 2009, the company reported a net income of $1,291,529, or $.07 per share basic and $.06 per share diluted, on weighted average number of common shares outstanding of 19.4 million and diluted weighted average shares of 19.9 million. This was a 26.4% increase in net income over the nine-month period ended September 30, 2008 of $1,021,547, or $.05 per share basic and diluted, on weighted average number of common shares outstanding of 19.2 million, and diluted weighted average shares of 19.9 million. Total revenues for the nine-month period ended September 30, 2009 were $5.7 million compared to $7.0 million for the corresponding period in 2008. The company’s pre-tax income for the nine-month period was $2,138,649 compared to $1,547,798 for the corresponding period in 2008.