HOUSTON, April 2, 2008 /PRNewswire-FirstCall/ -- Landry's Restaurants,Inc. (NYSE: LNY) (the 'Company'), announced that the Special Committee of theCompany's Board of Directors has retained Cowen and Company as its independentfinancial advisor.

As previously announced, the Board of Directors formed the SpecialCommittee to conduct a strategic alternatives analysis with respect to theCompany. Such strategic alternatives analysis by the Special Committee willdetermine if a sale of the Company is in the best interests of the Company andits stockholders, will consider the proposal the Board of Directors receivedfrom Tilman J. Fertitta, Chairman, President and CEO of the Company, toacquire all of the outstanding shares of the Company and any alternativeproposals that may be received by the Company or the Special Committee. If,as a result of the strategic alternatives analysis, the Special Committeedetermines that a sale of the Company is in the best interests of the Companyand its stockholders, there can be no assurance that any agreement onfinancial and other terms satisfactory to the Special Committee will resultfrom the Special Committee's evaluation of the proposal from Mr. Fertitta orany other proposals, or that any transaction will be completed.

This press release contains certain forward-looking statements within themeaning of Section 27A of the Securities Act of 1933 and Section 21E of theSecurities Exchange Act of 1934, as amended, which are intended to be coveredby safe harbors created thereby. Stockholders are cautioned that allforward-looking statements are based largely on the Company's expectations andinvolve risks and uncertainties, some of which cannot be predicted or arebeyond the Company's control. A statement containing a projection ofrevenues, income, earnings per share, same store sales, capital expenditures,or future economic performance are just a few examples of forward-lookingstatements. Some factors that could realistically cause results to differmaterially from those projected in the forward-looking statements includeineffective marketing or promotions, competition, weather, store managementturnover, a weak economy, higher interest rates and gas prices, constructionat the Golden Nugget properties, negative same store sales, the Company'sinability to continue its expansion strategy, or obtain new or alternativefinancing.

The Company may not update or revise any forward-looking statements madein this press release.

SOURCE Landry's Restaurants, Inc.