AMERIKING, INC. WILL UNDERGO FINANCIAL RESTRUCTURING

WESTCHESTER, IL - December 4, 2002 - AmeriKing, Inc., one of the largest
independent BURGER KING(R) franchisees, today announced that it has commenced
voluntary bankruptcy proceedings under Chapter 11 of the United States
Bankruptcy Code. The petition was filed in the United States Bankruptcy Court in
Wilmington, Delaware. This filing is a necessary step in AmeriKing's planned
reorganization and its ongoing negotiations with its bank group and others to
restructure its balance sheet and extend the maturity of its credit facility. A
detailed restructuring plan is being finalized that would allow a significant
portion of the debt to be exchanged for equity ownership in the company, thereby
significantly deleveraging the balance sheet and substantially reducing annual
interest payments.

Additionally, AmeriKing is working with potential investors to secure an
investment to fund capital improvements. All of these dollars would be invested
into the restaurants to fund key capital projects such as new drive-thru
systems, new signage and restaurant remodels.

As part of its restructuring plan, AmeriKing has closed 23 underperforming
restaurants, leaving the company with 329 restaurants. The Company has placed
the majority of the impacted employees into positions in existing restaurants.

Joe Langteau, President and Chief Executive Officer, said, "This is a critical
moment in our company's history. This restructuring, when successfully
completed, will enable us to significantly reduce our long-term debt and
position us to accelerate our turnaround. We are committed to the BURGER KING(R)
Brand and are excited about the programs underway to improve systemwide
performance. We are looking forward to working closely with our bank group and
Burger King Corporation to finalize the details of this restructuring
agreement."

Ben Hirst, Executive Vice President of Burger King Corporation, said, "We intend
to work with AmeriKing and its lenders and suppliers to achieve a fair and
equitable restructuring in Chapter 11. We are confident that AmeriKing will be
able to accomplish the financial restructuring and infusion of capital that are
necessary to stabilize its business, strengthen its balance sheet, and improve
its operations. As one of our largest franchisees, AmeriKing will continue to be
an important and valued business partner of Burger King Corporation."

Headquartered in Westchester, Illinois, AmeriKing is one of the largest
independent BURGER KING(R) franchisees in the United States with 329
restaurants, located primarily in twelve Midwestern and Mid-Atlantic states.



Note on Forward-Looking Statements

Statements in this press release which are not historical, including
management's intentions, expectations, representations, projections, plans or
predictions of the future are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 and are subject to risk
factors and other information set forth in AmeriKing's filings with the
Securities and Exchange Commission. These forward-looking statements include,
among other things, statements regarding the proposed plan of reorganization and
its intended consequences, such as the company's expectations of turning around
operations, the availability of DIP financing, the restoration of the company's
credit availability and the anticipated deleveraging of the company's balance
sheet. Although management believes that the forward-looking statements in this
release are based on reasonable assumptions, actual results could differ
materially from those expressed in any forward-looking statements.