Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of purchasers of the common stock of Ignite Restaurant Group, Inc. ("Ignite" or the "Company") (NASDAQ:IRG) pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company's May 10, 2012 initial public offering (the "IPO"), seeking to pursue remedies under the Securities Act of 1933.

Ignite, together with its subsidiaries, owns and operates restaurants under the Joe's Crab Shack and the Brick House Tavern+Tap brands. The Complaint alleges that the Registration Statement and Prospectus issued in connection with the Company's IPO misrepresented and/or failed to disclose material adverse information concerning the Company's financial performance. Specifically, the Complaint alleges that the Registration Statement and Prospectus contained material errors, dating back to the Company's inception, related to the Company's accounting treatment of leases.

On July 18, 2012, Ignite issued a press release announcing that the Company's previously issued financial statements for the years ended December 28, 2009, January 3, 2011 and January 2, 2012 and the twelve-week periods ended March 28, 2011 and March 26, 2012 should not be relied upon. The press release further stated that following an internal assessment of Ignite's lease accounting policies, the Company has determined it necessary to correct non-cash related errors related to its accounting treatment of certain leases, and the Company is commencing a review of its historical accounting for fixed assets and related depreciation expense in prior periods. Following the completion of the accounting review, the Company plans to restate its previously issued financial statements for the foregoing periods.

No class has yet been certified in this action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Ignite common stock pursuant and/or traceable to the Company's May 10, 2012 IPO, you have certain rights, and have until September 18, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
(215) 638-4847
(888) 638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com