Recent summary of Business Activities Quality Restaurant Ventures (OTC Pink Sheets: QRVI) today released a financial review showing that during 2004, QRVI had a 269%+ increase in system-wide sales compared to sales made in 2003. This report is the first announcement revealing the financial impact of investments QRVI made last year in two fast-growing, regional fast-food chains, Westshore Pizza and Famous Uncle Al's Hot Dogs (OTC Pink Sheets: FFDG). The report shows that in 2003, QRVI's system-wide sales were $4,677,502 compared with $12,599,913 for 2004. While the majority of the 2004 increase can be attributed to the company's new affiliations, Sobik's Sub Shops posted a sales increase of $207,803 which is 4%+ gain in system-wide sales for 2003.
According to recent phone calls with the president, a PR update is in the works and is very positive in nature!
Drawback: lack of liquidity in the market so patience, P-A-T-I-E-N-C-E is required.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
