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Ruby Tuesday, Inc. Announces New Board Member

05/08/2001

MARYVILLE, Tenn., May 8 /PRNewswire/ -- Ruby Tuesday, Inc. (NYSE: RI) announced today that pursuant to the Company's By-laws, the Board of Directors has increased the number of directors to nine and elected Bernard (Bernie) Lanigan, Jr. to a directorship.

Sandy Beall, Chairman and Chief Executive Officer, said, "We are very fortunate to have Bernie join our Board. His wisdom, experience, and insights will be of great value to our company."

Mr. Lanigan is Managing Director of Lanigan & Associates, P.C., a regional Certified Public Accounting and management consulting firm. He is also Chairman and CEO of Southeast Asset Advisors, Inc., a registered investment advisory and consulting firm, and Managing Director of Cooper, Lanigan & Bryant, LLC, an investment banking firm. He serves as Trustee of numerous trusts and is on the Board of Directors of private corporations and non-profit organizations.

Mr. Lanigan joins Mr. Beall, Claire L. Arnold, James A. Haslam, III, John B. McKinnon, Elizabeth Nichols, Dr. Benjamin Payton, Dr. Donald Ratajczak, and Dolph W. von Arx as current Directors of Ruby Tuesday, Inc.

The company owns and franchises more than 500 casual-dining restaurants in the United States and in selected international locations. Ruby Tuesday, Inc. is traded on the New York Stock Exchange (Symbol: RI)

    For more information, contact:   865-379-5700
    Price Cooper
    Director, Investor Relations and Planning
    pcooper@rubytuesday.com
    www.rubytuesday.com

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SOURCE Ruby Tuesday, Inc.
Web site: http: //www.rubytuesday.com
CONTACT: Price Cooper, Director, Investor Relations and Planning of Ruby Tuesday, Inc., 865-379-5700, or pcooper@rubytuesday.com