Press Releases
Noble Roman’s Announces First Quarter 2010 Earnings

(Indianapolis, Indiana) – May 6, 2010 -- Noble Roman's, Inc. (OTC/BB: NROM), the Indianapolis based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, today announced results for the quarterly period ended March 31, 2010.  Net income was $351,667 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 20.0 million.  This compares to net income of $416,761 for the quarterly period ended March 31, 2009, 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. Total revenues for the quarterly period ended March 31, 2010 were $1.8 million compared to total revenues of $1.9 million for the comparable period in 2009.

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Noble Roman’s, Inc. Adds Two Additional Directors
(Indianapolis, Indiana) – March 18, 2010 -- Noble Roman's, Inc. (OTC/BB: NROM), the Indianapolis based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, today announced an increase in the size of its Board of Directors from three to five members.  To fill the vacancies created by this action, the Board of Directors appointed Jeffrey R. Gaither and James F. Basili. The expansion of the board, the majority of which with the new appointments are now non-employees, is part of a series of corporate governance enhancements the company has recently undertaken.
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Noble Roman’s Announces Results for 2009
(Indianapolis, Indiana) – March 16, 2010 -- Noble Roman's, Inc. (OTC/BB: NROM), the Indianapolis based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, today announced results for the year 2009.  Net income was $1.7 million, or $.09 per share basic and $.08 per share diluted, on weighted average number of common shares outstanding of 19.4 million and diluted weighted average shares of 20.0 million for the year ended December 31, 2009.  This compares to a net income from continuing operations for the year ended December 31, 2008 of $1.4 million, or $.07 per share basic and diluted from weighted average number of shares outstanding of 19.2 million and diluted weighted average number of shares of 20.1 million.  Says Noble Roman’s President, Scott Mobley, “Fortunately, we took decisive action throughout the second half of 2008 to significantly reduce overhead, target resilient growth opportunities and create new revenue sources.  Capitalizing on this effort throughout 2009 lead to bettering our 2008 results despite the extremely challenging environment for franchising and the foodservice industry.”
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Noble Roman’s Announces Third Quarter 2009 Earnings
(Indianapolis, Indiana) – November 9, 2009 -- Noble Roman's, Inc. (OTC/BB: 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.
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Noble Roman's Announces Second Quarter 2009 Earnings

INDIANAPOLIS, Aug. 10 -- Noble Roman's, Inc., the Indianapolis based franchisor of Noble Roman's Pizza and Tuscano's Italian Style Subs, today announced results for the quarterly period ended June 30, 2009. Net income was $415,234 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 5.0% increase in net income over the quarterly period ended June 30, 2008 of $395,307, 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 20.3 million. Total revenues for the quarterly period ended June 30, 2009 were $1.9 million compared to total revenues of $2.4 million for the comparable period in 2008.

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