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FransAction Inc. Announces Agreement to Represent All Four QRVI
Restaurants Brands
HEATHROW, Fla., Oct. 25 /PRNewswire-FirstCall/ -- FransAction, Inc. (OTC Pink
Sheets: FCTN) announced today that it has signed a multi-year, multi-brand
agreement with Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI), a
affiliate company of Ultimate Franchise Systems, Inc. (OTC:UFSY) (BULLETIN
BOARD: UFSY) to represent the sale of area developer agreements and franchises
for all four of QRVI's restaurant chains. The agreement signifies the validity
of the FransAction Inc. formation and is expected to help persuade numerous
other brands the company is in negotiation with to quickly sign agreements.
QRVI is a franchise management organization currently directing over 100 food
service units for Westshore Pizza, Sobiks Subs, and Uncle Al's Hot Dogs. At the
signing QRVI President, Dan Patterson, said "During the past seven months
Quality Restaurant Ventures Inc. has grown from one restaurant brand to now
three. Franchising sales was the one area where we needed a high level team of
professionals dedicated to growing our brands. The FransAction program offered
the perfect solution to consolidate and drive our franchise expansion program
without undertaking major organizational change and expense."
An agreement with FransAction, Inc. for franchise representation is a powerful
enticement for brands that are ready and anxious to grow their unit numbers.
The FransAction program includes a comprehensive national marketing program,
legal documents and operational expertise in place, and a team of top-level
executives lead by President Cal Smith, twelve-year veteran of Golden Corral
Buffet and Grill. The company intends to not only represent food service
operations but eventually build an array of brands that interest a wide variety
of the potential franchisee marketplace.
Christopher Swartz, CEO of Ultimate Franchise Systems, Inc., a major
shareholder of QRVI added, "This team knows the franchising business and has
been very successful with contact all over the country. They have been
historically successful in building brands rapidly. We look forward to
aggressive growth."
Ultimate Franchise Systems, Inc. currently has investments in approximately 595
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), Famous Uncle Al's Hot Dogs, Flamers Hamburgers, Mountain
Mike's Pizza, Westshore Pizza, Obee's Subs, New York Burrito and Beverly Hills
Weight Loss & Wellness Inc. (OTC:BHWW) (BULLETIN BOARD: BHWW) .
CONTACT:
Randy Jacobs
800-316-9437
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., FransAction, 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.
DATASOURCE: FransAction, Inc.
CONTACT: Randy Jacobs, 1-800-316-9437 for FransAction, Inc.
Web site: http://www.ufsi.net/