BBQZ Barbeques Galore Limited ADS (MM)

Barbeques Galore Limited (NASDAQ:BBQZ) today announced that both shareholders and option holders approved the schemes of arrangement at meetings held on Friday, October 14, 2005 at the company's offices in Sydney, Australia. On Monday, October 17, the Federal Court of Australia approved the schemes, and the transaction is now effective. The company also said that the implementation date has been brought forward to October 26, 2005, on which date payment will be dispatched to shareholders and option holders. 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 68 stores in the U.S. and 44 stores in Australia. In addition, it has six 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.