Spicy Pickle(TM) Announces 5 Store Franchise Agreement in Chicago Area
New Franchise Sale Will Add to Existing Spicy Pickle Restaurant in Chicago
Jan. 8, 2008 09:10 PM
DENVER, CO -- (MARKET WIRE) -- 01/08/08 -- Spicy Pickle(TM) fast casual restaurants (OTCBB: SPKL) today announced the sale of a multi unit restaurant development to a
new franchise developer in the greater Chicago metropolitan area,
increasing the total number of franchises the Company has sold to 110.
A new franchisee has entered into a franchise and development agreement to
open the first Spicy Pickle(TM) Restaurants in the suburbs of Chicago
including Oak Brook, Naperville, Lemont and Orland Park. The new
franchisee learned about Spicy Pickle from visiting the existing restaurant
at 2312 Lincoln Ave., in Chicago's Lincoln Park district.
Marc Geman, CEO of Spicy Pickle(TM) Franchising, Inc., commented: "We were
waiting for the right franchisee to help continue the development of Spicy
Pickle in the Chicago market. Obviously the Greater Chicago Metropolitan
area can support a large number of restaurants and centralizing this
franchisee's efforts in the western and southwestern suburbs leaves plenty
of room for continued growth in this market."
Mr. Geman further commented, "Markets in large metropolitan areas like
Chicago support huge numbers of the typical Spicy Pickle customer. However
the very size of the market and competition makes it challenging to get
brand recognition. Our non-preservative meats and interesting flavor
combinations in our sandwiches along with the customer's ability to build
their own sandwich from high quality ingredients with toppings and spreads
from around the world sets us apart from the everyday sandwich shop and
provides a delicious and healthy alternative for customers seeking quality
food. Our new franchisee will deliver that to these markets and we are
confident will generate further interest in our concept for the Chicago
area."
About Spicy Pickle(TM):
Founded in 1999, Spicy Pickle(TM) Franchising, Inc. (OTCBB: SPKL) serves
high quality meats and fine artisan breads, baked fresh daily, along with a
wide choice of eight different cheeses, twenty-two different toppings, and
fourteen proprietary spreads to create healthy and delicious panini and sub
sandwiches with flavors from around the world. As a leading "fast-casual"
concept, Spicy Pickle(TM) offers menu items that are far beyond traditional
fast food -- but without the price point of casual dining. The hallmark of
a Spicy Pickle(TM) restaurant is quality, service and an enjoyable
atmosphere. The company is headquartered in Denver, Colorado, with
franchise locations now open across 12 states and many more in development
nationwide. For more about Spicy Pickle(TM), including franchise
information and inquiries, visit http://www.spicypickle.com.
Forward-Looking Statements:
Certain statements in this press release, including statements regarding
the number of restaurants we intend to open, are forward-looking
statements. We use words such as "anticipate," "believe," "could,"
"should," "estimate," "expect," "intend," "may," "predict," "project,"
"target," and similar terms and phrases, including references to
assumptions, to identify forward-looking statements. The forward-looking
statements in this press release are based on information available to us
as of the date any such statements are made and we assume no obligation to
update these forward-looking statements. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those described in the statements. These risks and
uncertainties include, but are not limited to, the following: factors that
could affect our ability to achieve and manage our planned expansion, such
as the availability of a sufficient number of suitable new restaurant sites
and the availability of qualified franchisees and employees; risks relating
to our expansion into new markets; the risk of food-borne illnesses and
other health concerns about our food products; changes in the availability
and costs of food; changes in consumer preferences, general economic
conditions or consumer discretionary spending; the impact of federal, state
or local government regulations relating to our franchisees and employees,
and the sale of food or alcoholic beverages; the impact of litigation; our
ability to protect our name and logo and other proprietary information; the
potential effects of inclement weather; the effect of competition in the
restaurant industry; and other risk factors described from time to time in
our SEC reports.
COMPANY CONTACT:
Marc Geman
CEO
Spicy Pickle Franchising, Inc.
303-951-2530
Email Contact: Email Contact
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