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Ultimate Franchise Systems, Inc. Announces Signing of New
Franchise Agreement for New York Burrito
HEATHROW, Fla., June 23 /PRNewswire-FirstCall/ -- Ultimate Franchise Systems,
Inc. (OTC:UFSY) (BULLETIN BOARD: UFSY) , a franchise management and venture
company, announced today the signing of a new Franchise Agreement to open up a
New York Burrito in the State of Washington. New York Burrito is a gourmet
wrap and Tex-Mex concept positioned to take advantage of one of the fastest
growing segments in the restaurant industry. Ultimate will be focusing on the
growth of New York Burrito in the Florida market through targeting multi-unit
operators and area developers. Website: http://www.newyorkburrito.com/
Christopher M. Swartz, CEO of Ultimate Franchise, stated, "We feel that we have
the New York Burrito concept repositioned and the operations streamlined to
where we are now committed to grow the brand. We feel that the Florida market
has the best demographics compounded with our significant presence and
ownership of six other brands with units in the Florida market that this is the
right time and place to build out the concept. New York Burrito currently has
35 stores operating and we have plans to expand to over 100 units in the next
four years."
Ultimate Franchise Systems, Inc. (OTC:UFSY) (BULLETIN BOARD: UFSY) currently
has investments in approximately 589 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, New York Burrito and Beverly Hills Weight Loss (OTC:WLFI) (BULLETIN
BOARD: WLFI) .
For more information, please contact: Christopher Swartz at 407-333-8998.
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. 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: Ultimate Franchise Systems, Inc.
CONTACT: Christopher Swartz of Ultimate Franchise Systems,
+1-407-333-8998
Web site: http://www.ufsi.net/
http://www.newyorkburrito.com/