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Quality Restaurant Ventures Releases 2004 Review Showing
Significant Franchise Growth
HEATHROW, Fla., April 12 /PRNewswire-FirstCall/ -- Quality Restaurant Ventures
Inc. (OTC Pink Sheets: QRVI) today released a review of significant company
events for 2004. The summary details the company's activities from January
through December of 2004.
Quality Restaurant Ventures Inc. identifies and prepares smaller regional
restaurant concepts with high growth potential for transition to franchise
opportunity businesses. Quality first invests in the franchise system, then
assists in consolidating and unifying their legal, accounting, marketing and
purchasing systems. This establishes a more significant infrastructure for
these companies to achieve their long-term growth and competitive strategies.
Dan Patterson, President of QRVI, explained the company's rapid growth saying,
"Quality Restaurant Ventures was first formed in February 2004 when the
original name of the company, Sobiks Franchising Systems, Inc., was changed to
Quality Restaurant Ventures Inc. This gave us increased exposure to be able to
attract similar fast food concepts to the company."
During 2004 Quality Restaurant Ventures Inc.:
1. Invested in Westshore Pizza, based in Tampa, Florida.
2. Invested in Famous Food Group Inc. (OTC Pink Sheets: FFDG) a/k/a Famous
Uncle Al's Hot Dogs with 10 fast food units.
3. Opened four new Sobiks Subs restaurants during 2004.
4. Opened six new Westshore Pizza restaurants during 2004.
5. Opened four new Uncle Al's Hot Dog restaurants during 2004.
6. Launched a new corporate website http://www.qualityrestaurantventures.com/ .
"Now that we have completed this review, our focus will now be to communicate
how these events added shareholder value," concluded Patterson.
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: Dan Patterson, Quality Restaurant Ventures Inc., 407-333-8587, Web
site: http://www.qualityrestaurantventures.com/
DATASOURCE: Quality Restaurant Ventures Inc.
CONTACT: Dan Patterson, Quality Restaurant Ventures Inc.,
+1-407-333-8587
Web site: http://www.qualityrestaurantventures.com/