The Right Mix of Talent Makes Fun Work.  Seeing a Future Where the Sky’s the Limit. Ideas and initiatives are essential to our success, but it is the talent and commitment of our  people that make our fun work — and our work fun. The commitment of our people is evident  not only in the company’s long-standing record of operational excellence, but also in the  tenure of our management team at  every level . Every one of our 400+ general managers has  been promoted to the position. All of our 50+ district managers and regional managers —  whose tenure exceeds 14 years — earned the promotion from within our own ranks. Our senior  management team’s tenure of 18 years is among the longest in the restaurant industry. From  corporate headquarters to regional offices to 449 company-owned Chuck E. Cheese’s store- fronts, our people have posted a remarkable record of loyalty and performance that is bested  only by Chuck E. Cheese himself. A beloved brand. A good product with loyal customers. Robust financial health. A tenured  management team. An untiring commitment to evolve the concept. And the means and tenacity  to execute our growth strategy with discipline and excellence. These are what drive long-term  value for our shareholders. They are also what give rise to our excitement about what the next  five years hold for the company. From our perspective, it’s a future where the sky’s the limit. ß WE LOOK FORWARD TO SHARING OUR PROGRESS WITH YOU, AND THANK YOU FOR YOUR CONTINUED SUPPORT AND CONFIDENCE. C E C A / R 04 Page 8 MICHAEL H. MAGUSIAK  President RICHARD M. FRANK  Chairman, Chief Executive Officer