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Obee's Franchise Systems Begins Construction on Third Restaurant in Fresno Tuesday February 1, 9:31 am ET
HEATHROW, Fla., Feb. 1 /PRNewswire-FirstCall/ -- Obee's Franchise Systems Inc. (OTC Pink Sheets: OBFC - News) announced today that construction has started on its third obee's(R) soups salads & subs restaurant, in Fresno, California. WJD, Inc., the Obee's Area Developer for the territory, has projected that it will open fifteen Obee's locations in the next three years. The Fresno marketplace has a population of over 430,000. ADVERTISEMENT
"With two locations under our belt in Fresno, we now know we can open restaurants on schedule," explained Peter Brown, OBFC CEO and President. "We've developed several footprints that are easily adaptable to the facilities, our equipment packages are installed smoothly and our employee training programs are all in place. We expect to quickly build on this momentum."
obees(R) soups salads & subs is a fast-casual, deli-style restaurant that focuses on high-quality soups, salads and subs with an emphasis on fresh- sliced meats and cheeses. There are currently 81 Obee's locations open with an additional 70-plus in various development stages around the United States. The Company has commitments to open an additional 1,300 stores over the next ten years.
Ultimate Franchise Systems, Inc. (OTC Bulletin Board: UFSY - News) currently has investments in approximately 603 franchised restaurants and 40 weight loss clinics in 30 states throughout the United States. These brands include Gator's Dockside Restaurants, Jreck Subs, Inc., Central Park Hamburgers, Li'l Dino's Deli and Grille, Sobik's Subs (OTC Pink Sheets: QRVI - News), Famous Uncle Al's Hot Dogs (OTC Pink Sheets: FFDG - News), Flamers Hamburgers, Westshore Pizza, Obee's (OTC Pink Sheets: OBFC - News), Mountain Mike's Pizza, New York Burrito, Juicy Lucy's and Beverly Hills Weight Loss (OTC Bulletin Board: BHWW - News).
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Ultimate Franchise Systems, Inc., Obee's Franchise Systems, Inc. and Quality Restaurant Ventures, Inc., assume no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Companies.
CONTACT: Peter Brown, Inc. of Obee's Franchise Systems Inc., 941-625-1501, Web site: http://www.obees.com
-------------------------------------------------------------------------------- Source: Obee's Franchise Systems, Inc.
-------------------- Do not believe in anything simply because you have heard it or it is spoken and rumored by many. But after observation and analysis,when you find that anything agrees with reason And is conducive to the good and benefit of one and all, then accept it
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Hey Prdponce. You helped me yesterday and i was wondering if you happened to know the spread on this? I am going to have to get Level II for pinks sometime. Thanks, Jonathan
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quote:Originally posted by Jong: Hey Prdponce. You helped me yesterday and i was wondering if you happened to know the spread on this? I am going to have to get Level II for pinks sometime. Thanks, Jonathan
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I tried to get in for .0015 but missed it so i will watch from the sidelines. Personally i think it will go much higher but i have been burned many times by getting into stocks that were already up a lot. Thanks, Jonathan
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