Stamford, CT – On December 23, 2002, Saugatuck Capital Company Limited Partnership IV SBIC partnered with Brinker International and invested $2.7 million of its $6.0 million commitment to Waterloo Restaurant Ventures (“Waterloo” or the “Company”). Waterloo is the only US franchisee of Romano’s Macaroni Grill from Brinker International, a premier Italian casual dining concept. The Company has the exclusive rights to develop the brand in the Pacific Northwest. Waterloo plans to open 18 locations throughout Washington, Oregon and Idaho over the next five years. Romano’s Macaroni Grill has a proven record of strong operational performance and widespread consumer acceptance in the casual dining segment as well as a strong support infrastructure from Brinker which has been implemented across a number of concepts. The historical success of the brand, combined with the extensive operating experience of the Waterloo management team makes this a very exciting opportunity for Saugatuck.