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Obee's Announces Additional Growth in California
HEATHROW, Fla., June 24 /PRNewswire-FirstCall/ -- Ultimate Franchise Systems,
Inc. (OTC:UFSY) (BULLETIN BOARD: UFSY) , a franchise management and venture
company, announced today that it's newly acquired Obee's soup-salad-subs(R)
brand has signed three new Franchise Agreements in California. Obee's which
has Area Development Agreements in Orange and South Los Angeles Counties in
California has commitments to open 250 units in these markets.
Christopher M. Swartz, CEO of Ultimate Franchise Systems stated: "We are very
excited about these three new signings as it further grows Obee's in the
southern California market and will continue to help our Area Developers reach
their commitment for 250 units. Ultimate believed that Obee's would be a
fantastic growth vehicle and we are pleased to see it continue to meet our
expectations."
Obee's focuses on high-quality soups, salads and subs with an emphasis on
fresh-sliced meats and cheeses. They presently have 65 sandwich shops with 73
more under development. Additionally, through Area Development Agreements,
Obee's has signed commitments to open an additional 1,000 stores over the next
ten 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) .
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, Inc.,
+1-407-333-8998
Web site: http://www.ufsi.net/