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April 10, 2007 - 4:52 PM EDT

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NWRG 17.00 0.00

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New World Restaurant Group Files Registration Statement for Proposed Public Offering
GOLDEN, Colo., April 10 /PRNewswire-FirstCall/ -- New World Restaurant Group, Inc. (OTC: NWRG) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed public offering of up to $125,000,000 of its common stock. The number of shares to be offered and the price range for the offering have not been determined. New World will use the proceeds of the offering to pay down its existing indebtedness.

Application has been made to list New World's common stock on the Nasdaq Global Market under the symbol 'BAGL.'

New World is the largest owner/operator, franchisor and licensor of bagel specialty restaurants in the United States with approximately 600 restaurants in 36 states and the District of Columbia under the Einstein Bros. Bagels, Noah's New York Bagels and Manhattan Bagel brands. New World's restaurants specialize in high-quality foods for breakfast and lunch in a café atmosphere with a neighborhood emphasis.

Morgan Stanley and Cowen and Company will be the joint book-running managers for the offering and Piper Jaffray & Co. will be co-manager.

The offering will be made only by means of a prospectus, which, when available, may be obtained from:

Morgan Stanley & Co. Incorporated Cowen and Company, LLC
Prospectus Department c/o ADP, Prospectus Department
180 Varick Street 2/F 1155 Long Island Avenue
New York, NY 10014 Edgewood, NY 11717
Telephone: [phone] Telephone: [phone]
Email: [e-mail]

Piper Jaffray & Co.
Prospectus Department
800 Nicollet Mall, Suite 800
Minneapolis, MN 55402
Telephone: [phone]

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the federal securities laws. Forward-looking statements, including statements regarding the completion of the proposed public offering and any of the terms thereof, are inherently uncertain and subject to risks that could cause actual results to differ materially from those expected by the management of New World.

SOURCE New World Restaurant Group, Inc.