Noble Roman's Issues Basic Points in Support of Scott Mobley As Nominee for its Board of Directors

INDIANAPOLIS, IN / ACCESSWIRE / June 22, 2023 / Noble Roman's, Inc. (OTCQB:NROM) today issued a brief summary in support of the company's Board of Director's unanimous nomination of Scott Mobley, the company's President & CEO, to serve on its Board:

• Re-electing the President and CEO of the company to its Board of Directors places on the Board the person most attuned to the operating capability of the company from a policy standpoint
  
• Scott Mobley specifically created the product and systems for the non-traditional venue and the entire Craft Pizza & Pub concept, and is therefore the most qualified individual to represent the Board on those matters
  
• Removing the company's President & CEO from the Board could create significant internal staffing and morale problems, and risk dramatically affecting the company's performance. It is not clear that the services of Scott Mobley can be retained as an operating officer of the company if he is not also a full member of the Board since he has indicated he strongly believes in the necessity of continuity between policy participation and implementation at the CEO level
  
• The Board of Directors, including Scott Mobley, has restructuring the company's finances as its top financial priority
  
• The BT Brands financial proposal was contrary to the terms of the company's current loan covenants and could not be implemented because the company is prohibited from incurring additional indebtedness for borrowing money or the lender could declare an event of default and all amounts outstanding would become due immediately
  
• Should any source, including BT Brands, propose financing that is fair to all shareholders and within the current loan covenants to implement, the board, including Scott Mobley, would be most amenable to its consideration
  
• The current vote for the Board of Directors is not about the merits and deficiencies in the BT Brands financial proposal, but about who is most qualified to serve, and that is Scott Mobley
  
• Under Scott Mobley's leadership, the company's current business plan of accelerating non-traditional growth and improving Craft Pizza & Pub margins is being successful and should not be distracted from or interrupted
  
• Unlike Noble Roman's, BT Brands does not have a successful restaurant management model, and the BT Brands model should not be imported into Noble Roman's
  
• Scott Mobley has led the company successfully through the COVID environment under very difficult circumstances conveying the value of his policy and strategic leadership