Exhibit 99.1

               Ark Restaurants Announces Stock Repurchase Program

    NEW YORK--(BUSINESS WIRE)--Aug. 22, 2006--Ark Restaurants Corp.
(NASDAQ:ARKR) today announced that its board of directors has
authorized a stock repurchase program for up to $4 Million of its
common stock during the next twelve months. The repurchase program
will be funded using the Company's working capital.

    Ark Restaurants owns and operates 23 restaurants and bars, 28 fast
food concepts, catering operations and wholesale and retail bakeries.
Eight restaurants are located in New York City, four are located in
Washington, D.C., nine are located in Las Vegas, Nevada, two are
located in Atlantic City, New Jersey and one is located at the
Foxwoods Resort Casino in Ledyard, Connecticut. The Las Vegas
operations include three restaurants within the New York-New York
Hotel & Casino Resort and operation of the hotel's room service,
banquet facilities, employee dining room and nine food court concepts;
four restaurants and bars within the Venetian Casino Resort as well as
four food court concepts. In Las Vegas, the Company also owns and
operates one restaurant within the Forum Shops at Caesar's Shopping
Center. The Florida operations under management include five fast food
facilities in Tampa, Florida and eight fast food facilities in
Hollywood, Florida, each at a Hard Rock Hotel and Casino operated by
the Seminole Indian Tribe at these locations. In Atlantic City, New
Jersey, the Company operates a restaurant and a bar in the Resorts
Atlantic City Hotel and Casino.

    Except for historical information, this news release contains
forward-looking statements, which involve unknown risks, and
uncertainties that may cause the Company's actual results or outcomes
to be materially different from those anticipated and discussed
herein. Important factors that might cause such differences are
discussed in the Company's fillings with the Securities and Exchange
Commission.

    CONTACT: For Ark Restaurants Corp.
             Robert Towers, 212-206-8800
             bob@arkrestaurants.com