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FransAction, Inc. Increases Franchise Offerings to Five Concepts
HEATHROW, Fla., Jan. 7 /PRNewswire-FirstCall/ -- FransAction, Inc. (OTC Pink
Sheets: FCTN) announced today that Jreck Subs, Inc., an affiliate of Ultimate
Franchise System, Inc. (OTC:UFSY) (BULLETIN BOARD: UFSY) , has signed a non-
exclusive agreement with FransAction that allows it to begin selling franchises
and area developer agreements for the company. Jreck Subs is now the fifth
restaurant brand to join FransAction's brand offerings, giving FCTN a widely
recognized regional brand in upstate New York.
Peter J. Whitmore, President of Jreck's, explained, "Our agreement with
FransAction allows us to pursue our current regional expansion program while
FransAction brings broader national recognition to our Jreck brand name and
operations. I look forward to working with this group and feel that FransAction
can provide welcome exposure for our concept in many new markets."
Jreck Subs, a 40-unit sub chain in Watertown, NY, is a very popular regional,
fast-casual restaurant chain. Jreck became affiliated with UFSY, a national
consolidator of franchise concepts, in 1996. UFSY's expertise has helped Jreck
improve and refine its operational systems and establish a broader
infrastructure.
Ultimate Franchise Systems, Inc. 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), Famous Uncle Al's Hot Dogs (OTC Pink Sheets: FFDG), Flamers
Hamburgers, Westshore Pizza, Obee's Subs , Mountain Mike's Pizza, New York
Burrito, Juicy Lucy's and Beverly Hills Weight Loss (OTC:WLFI) (BULLETIN BOARD:
WLFI) .
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.
CONTACT: Randy Jacobs (1-800-316-9437) Web site: http://www.ufsi.net/
DATASOURCE: FransAction, Inc.
CONTACT: Randy Jacobs, +1-800-316-9437, for FransAction, Inc.
Web site: http://www.ufsi.net/