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FOG CUTTER CAPITAL GROUP, INC.’S FATBURGER UNIT OPENS SOUTH BEACH LOCATION

(PORTLAND, OR) – January 31, 2008 -- Fog Cutter Capital Group Inc.'s (OTCBB: FCCG) Fatburger unit has announced the opening of its first Miami, Florida location.

This newest Fatburger is a franchise restaurant and is located at 947 Washington Ave., Miami Beach, Fla, 22139. This is Fatburger’s third Florida location, with Fatburger corporate locations in Naples and Clearwater.

“Fatburger has been a welcomed addition to other communities because of our continued commitment to quality and taste.  For more than 55 years, Fatburger has been dedicated to serving big, fresh, 100 percent pure lean beef burgers, custom made and grilled right in front of customers.  We look forward to becoming active members of the South Beach community,” said Andy Wiederhorn, Chairman of Fatburger.

The new 3,100-square-foot Fatburger location will provide approximately 30 new jobs to the community and features a hip ’50s-style décor accented with bright colors, neon lighting and stainless steel accents. Rock and classic soul tunes wail from the Web-enabled digital jukebox that has a catalog of more than 150,000 songs.

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