Chicago Pizza & Brewery, Inc. (Nasdaq:CHGO and CHGOW) announced that it has completed the private placement of 3.2 million shares of common stock to BJ Chicago LLC, the Company's largest shareholder, at $2.50 per share. The Company had agreed in February 2001, in connection with an 800,000 share private placement, to sell the 3.2 million shares to BJ Chicago LLC on or before August 15, 2001. The $8 million proceeds from the private placement were received on August 12.