Noble Roman’s, Inc. Adds Two Additional Directors

Noble Roman’s, Inc. (OTC Bulletin Board: NROM), the Indianapolis based franchisor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, today announced an increase in the size of its Board of Directors from three to five members.

To fill the vacancies created by this action, the Board of Directors appointed Jeffrey R. Gaither and James F. Basili. The expansion of the board, the majority of which with the new appointments are now non-employees, is part of a series of corporate governance enhancements the company has recently undertaken.
Jeffrey R. Gaither has been a partner with the law firm Bose McKinney & Evans, LLP since 2004 and assumed the position of Managing Partner on March 1, 2010.  Mr. Gaither has served as counsel to the Company in various matters since 1998.  Mr. Gaither holds a juris doctorate, cum laude, from Indiana University School of Law and a bachelor of science in public affairs from Indiana University.  
James F. Basili is the founder and Managing Partner of Blacktree Capital Management, a partnership that makes long-term investments in undervalued businesses, which was founded in November, 2007.  Prior to founding Blacktree, Mr. Basili was a Partner at Kinderhook Partners, an investment firm he co-founded in 2003. Earlier, he was a Principal at Geocapital Partners, a leading venture capital firm managing over $500 million in institutional funds across North America and Europe. He began his career at the Mitchell Madison Group, a global management consulting firm. Mr. Basili received his bachelor’s degree, cum laude, from Harvard University.
Though appointed to fill the vacant positions now, both newly appointed directors will stand for election during the company’s upcoming shareholder meeting in Indianapolis on April 28, 2010.