American Blue Ribbon Holdings: American Blue Ribbon Holdings, LLC Acquires VICORP Restaurants, Inc.

March 30, 2009 6:49:00 PM

American Blue Ribbon Holdings, LLC Acquires VICORP Restaurants, Inc.

Successful Restructuring of Company Achieved in Less Than 12 Months

DENVER, CO - 03/30/09— VICORP Restaurants, Inc.
announced today the sale of assets to American Blue Ribbon Holdings,
LLC, a new entity formed by Fidelity National Financial, Inc. (“FNF”)
and Newport Global Advisors. The motion to accept the sale of assets
was submitted and approved on March 13, 2009 by Judge Kevin Gross of
the U.S. Bankruptcy Court in Wilmington, Del. and the deal closed on
Friday, March 27, 2009. As a result of the sale, American Blue Ribbon
Holdings, LLC will own and operate the Village Inn and Bakers Square
restaurant brands as well the VICOM pie operation.

“We are extremely pleased about the sale of VICORP to these two well
known and successful companies. Completing this deal in the midst of
such a difficult financial and credit environment is a remarkable
achievement and a testament to the strength of our brands,” said
VICORP president and CEO Hazem Ouf.

“American Blue Ribbon Holdings will benefit from our recently
executed strategic planning initiatives that have generated profitable
results for the first time in many years. And, we have reshaped our
business in order to successfully operate through these tough
economic times. This sale is a very positive development for our
family of restaurants, especially our employees, suppliers and loyal
guests who can now count on the continuation of two of the most
trusted names in family dining.  As we exit from Chapter 11, we look
forward to a new era of growth and financial stability and I am
pleased to be able to continue to lead our organization going
forward,” stated Mr. Ouf, who will continue to hold these positions
with American Blue Ribbon Holdings, LLC.

“We are excited to partner with the historically strong Village Inn
and Bakers Square brands,” said FNF Chairman William P. Foley, II.
“Despite the difficult economic conditions, the newly reshaped
operations have become profitable in a short period of time and the
financial restructuring provides a significantly improved balance
sheet and liquidity position. The company is now organized with
strong leadership to succeed in the current market conditions, as
well as having the financial flexibility to capitalize on future
potential growth opportunities.”

About VICORP Restaurants, Inc.

Headquartered in Denver, VICORP Restaurants, Inc. operates two
restaurant concepts under the proven and well-recognized brands
Village Inn and Bakers Square, and its VICOM bakery operation.
Founded in 1958, VICORP has 267 restaurants in 25 states, consisting
of 177 company-operated restaurants and 90 franchised restaurants.
Both Village Inn and Bakers Square are synonymous with award-winning
pies and offer distinct, high-quality menu items for breakfast, lunch
and dinner. Additional information can be obtained from the company’s
Web site at http://www.vicorpinc.com or by calling 303-296-2121.

About Fidelity National Financial, Inc.

Fidelity National Financial, Inc. is a leading provider of title
insurance, specialty insurance, claims management services and
information services. FNF is the nation’s largest title insurance
company through its title insurance underwriters—Fidelity National
Title, Chicago Title, Commonwealth Land Title, Lawyers Title, Ticor
Title, Security Union Title and Alamo Title—that collectively
issue more title insurance policies than any other title company in
the United States.  FNF also provides flood insurance, personal lines
insurance and home warranty insurance through its specialty insurance
business.  FNF also is a leading provider of outsourced claims
management services to large corporate and public sector entities
through its minority-owned subsidiary, Sedgwick CMS.  FNF is also a
leading information services company in the human resource, retail and
transportation markets through another minority-owned subsidiary,
Ceridian Corporation.  More information about FNF can be found at
http://www.fnf.com.

Contact:
Josh Kern
VICORP Restaurants, Inc.
Office: 303.672.2225

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