BBQZ Barbeques Galore Limited ADS (MM)

Barbeques Galore Limited (Nasdaq:BBQZ) today reported sales for the first fiscal quarter ended April 30, 2005: -0- *T Three Months Ended April 30, in US$ thousands % ---------------- Increase/ 2005 2004 Decrease Net Sales ------ ------ -------- Australia 18,969 18,345 +3.4% U.S. 27,608 25,432 +9.1% ------ ------ Total net sales 46,577 43,778 +6.7% Comparable Store Sales Australia (in Australian $'s) -4.5% U.S. (in US $'s) +4.8% *T The average exchange rate between the Australian dollar and the U.S. dollar for the fiscal quarter ended April 30, 2005 was A$1=US$0.7798 and A$1=US$0.7571 for the corresponding quarter in 2004, representing an increase of 3% in the Australian dollar against the U.S. dollar. As previously announced, the reporting of the company's full financial results for the year ended January 31, 2005, is being delayed to complete a review of the accounting treatment of leases and other matters. The review, being undertaken in consultation with its independent auditors, KPMG, is similar to that being carried out by other companies in the retail industry. Barbeques Galore is the leading chain of specialty retail stores devoted to sales of barbecues, backyard accents, fireside products and related accessories. The company now owns and operates 69 stores in the U.S. and 43 stores in Australia. In addition, it has 7 franchised stores in the U.S. and 48 licensed stores in Australia. Through its U.S. e-commerce Web site, www.bbqgalore.com, the company sells an extensive line of barbecue and fireside products and related accessories.