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Gapping bigtime here....some really good news out
Franchise Capital Corporation Announces Area Development Agreement for 12 New Kokopelli Franchises in Nevada PHOENIX, March 17, 2005 (PRIMEZONE) -- Franchise Capital Corporation (OTCBB:FCCN) today announced that portfolio investment Kokopelli Mexican Grill Franchise Company LLC, operator and franchiser of Kokopelli Mexican Grill, a fast-casual Sonoran restaurant, has entered into a 12-unit area development agreement for the Nevada market. Seven of the franchises are planned for the Las Vegas area and five for the Reno area.
Bradford Miller, Franchise Capital Corporation Chief Executive Officer, commented, "The addition of twelve Nevada Kokopelli Mexican Grill franchises further expands the Kokopelli brand and will bring this unique fast-casual restaurant to high volume retail centers and other high traffic commercial locations in and around Las Vegas and Reno. These are tremendous markets for Kokopelli, and we expect further expansion into new areas across the United States that will increase the revenues for this franchise concept and add to the value of our investment portfolio."
Kokopelli's was founded in Phoenix, Arizona in 1997 and differentiates itself from other fast-casual chains by serving authentic hand-blended Sonoran spices, beans slow-cooked every day, never refried and tortillas steamed to order. All food is served to its customers "platter" style on hard plates with flatware. Additionally, Kokopelli serves menu items found in full-service Mexican restaurants such as Grilled Salmon with Mango Salsa, Steak Verde with Tomatilla Salsa, Pollo Colorado with Smoked Cheese and Peppers, beer, wine and frozen margaritas.
"There is clearly no lack of interest in the Kokopelli restaurant franchise opportunity, and we will continue to aggressively pursue new operators and grow this brand," added Mr. Miller
Kokopelli's southwestern theme has been developed for the entire restaurant including the signage, interior design and exterior appearance. The restaurant is geared towards creating a smooth and simplified ordering process and easily introducing the customer to Kokopelli Mexican Grill. The exterior signage and facade support street-level branding of the restaurant and provide strong clues to the interior's character and personality. An easy-to-read menu board has been developed along with streamlined point-of-purchase advertising materials and miscellaneous signage.
About Franchise Capital Corporation:
Franchise Capital Corporation is a Business Development Company pursuant to Section 54 of the Investment Company Act of 1940. The company currently has five operating, synergistic investments holdings: Kokopelli's Mexican Grill Franchise Company, LLC; Cousin Vinnie's Franchise Company, LLC; Kirby Foo's Asian Grill Franchise Company, LLC; Comstock Jake's Franchise Company, LLC; and Fathom Business Systems, Inc., all of which are engaged in business related to restaurant franchise development.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company's report on Form 10-KSB for fiscal year 2004 filed with the Securities and Exchange Commission.
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