updated 10/6/2010 5:16:51 PM ET 2010-10-06T21:16:51

SCOTTSDALE, Ariz., Oct. 6, 2010 (GLOBE NEWSWIRE) -- Star Buffet, Inc. (Nasdaq:STRZ) today filed a Form 8-K with the Securities and Exchange Commission. On September 30, 2010, Star Buffet, Inc. (the "Company") received a letter from The NASDAQ Stock Market ("NASDAQ") indicating that the Company was not in compliance with the NASDAQ Listing Rule 5810 (b) for Continued Listing as a result of its failure to file its report on Form 10-Q for the period ended August 9, 2010. According to NASDAQ regulations the Company has 60 calendar days from September 30, 2010 to submit a plan to regain compliance. Filing the Company's report on Form 10-Q for the quarter ending August 9, 2010 is a primary component of the plan.

About Star Buffet

Star Buffet is a multiconcept restaurant operator. As of October 6, 2010, Star Buffet, through its subsidiaries, operates six Barnhill's Buffet restaurants, six 4B's restaurants, five JB's restaurants, four franchised HomeTown Buffets, three K-BOB'S Steakhouses, two Casa Bonita Mexican theme restaurants, two Whistle Junction restaurants, one BuddyFreddys restaurant, one Western Sizzlin restaurant, one Holiday House restaurant, one JJ North's Grand Buffet, one Pecos Diamond Steakhouse and one Bar-H Steakhouse.

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