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Boston Pizza Royalties Income Fund and Boston Pizza International Inc. Announce Second Quarter Results and July Distribution to Unitholders

August 07, 2009

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN


Earnings before non-cash items per Fund unit rise 0.9% despite weaker sales environment

VANCOUVER, BC, (August 7, 2009) - Boston Pizza Royalties Income Fund (the "Fund") and Boston Pizza International Inc. (“BPI”) each reported today financial results for the second quarter period of April 1, 2009 to June 30, 2009 (the “Period”) and the year-to-date period of January 1, 2009 to June 30, 2009 (“YTD”). A copy of the management’s discussion and analysis and financial statements of the Fund and BPI for the Period are available at and The Fund will host a conference call to discuss the results on August 7, 2009 at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time). The call can be accessed by dialling 1-800-319-4610 or 604-638-5340. A replay will be available until August 14, 2009 by dialling 1-800-319-6413 or 604-638-9010 and entering the pin code: 4452 followed by # sign.

Same store sales growth (“SSSG”), a key driver of distribution growth for individual Unitholders, is the change in gross revenues of Boston Pizza restaurants as compared to the gross revenues for the same period in the previous year, where restaurants were open for the full period in each year. SSSG was negative 5.0% for the Period and negative 1.3% YTD, compared to positive 1.6% and positive 1.3% respectively in the same periods one year ago. Franchise sales, the basis upon which royalties are paid to the Fund, exclude revenue from the sale of liquor, beer, wine and tobacco and approved national promotions and discounts. On a franchise sales basis, SSSG was negative 5.5% for the Period and negative 2.8% YTD, compared to positive 1.1% and positive 0.9% during the same periods last year. Sales results for the Period and YTD were negatively impacted by weaker general economic conditions. In addition, YTD had one less day than the same period one year ago due to 2008 being a leap year.

“As anticipated, 2009 is proving to be a challenging environment for Canadian retailers with weaker economic conditions having an impact on consumer spending patterns. In spite of these conditions, we are pleased to have increased earnings before non-cash items on a per unit basis for both the period and yearto-date as a result of the Fund’s unit repurchase program” said George Melville, Chairman and owner of Boston Pizza International Inc. “Also in the second quarter, we were excited to launch our new menu nationwide, which includes 15 new items such as the Baja salad, multigrain pizza dough and our first ever burger - the delicious ½ pound prime rib burger.”

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Boston Pizza Royalties Income Fund
Jordan Holm - Vice President of Investor Relations
Tel: 604-303-6083

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