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BOBS News Brazil Fast Food Announces Corporate Restructuring

RIO DE JANEIRO, Brazil--(BUSINESS WIRE)--Brazil Fast Food (OTC BB: BOBS), the owner and operator of the 523-outlet Bob’s chain – the second largest hamburger fast-food chain in Brazil – has taken preliminary steps to consolidate its businesses through a corporate restructuring.

Brazil Fast Food recently set up 22N Participações Ltda., a holding company, funded by a capital contribution from its equity interest in Venbo Comércio de Alimentos Ltda., the Company’s wholly owned Brazilian subsidiary. As a result of this restructuring, the Company has consolidated its business in Brazil through 22N Participações. Venbo, which now operates as a subsidiary of 22N Participações, plans to install three distinct management teams, one for each of aspect of the business: fast-food restaurants, franchises and real estate.

Ricardo Figueiredo Bomeny, Chief Executive Officer of Brazil Fast Food Corp., commented, “We believe that this corporate restructuring will enable our Company to better manage the different aspects of its business. In addition, we expect this strategy to yield many significant benefits – both immediate and long term – including increased efficiency, improved operational performance resulting from more focused and motivated management, greater access to bank loans and other financial instruments, greater flexibility to seize new business opportunities, and the potential for a more favorable tax status. I look forward to sharing more details with you, as we continue to make progress on this restructuring during 2007.”

ABOUT BRAZIL FAST FOOD CORP.

Brazil Fast Food Corp. owns and operates, both directly and through franchisees, the second largest chain of hamburger fast-food restaurants in Brazil, through its wholly owned subsidiaries, 22N Participações Ltda. and Venbo Comércio de Alimentos Ltda. Brazil Fast Food Corp. conducts business in Brazil under the trade name “Bob's.” As of Jan. 10^th, 2007, the Company had 523 points of sale, which includes traditional restaurants, kiosks and re-locatable trailers.

This press release contains forward-looking statements within the meanings of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Such statements involve known or unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those expressed or implied by such forward-looking statements. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the disclosures in the Company's filings with the Securities and Exchange Commission, including the risk factors contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2005, filed with the Securities and Exchange Commission on March 31, 2006.