Spicy Pickle(R) Serves Up Its Initial Public Offering

Share Name	Share Symbol	Market	Type
Spark I Acquisition Corporation	NASDAQ:SPKL	NASDAQ	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.0075	-0.07%	10.3612	9.33	16.64	10.45	10.3612	10.45	2,121	01:00:00

Spark I Acquisition (NASDAQ:SPKL)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Spark I Acquisition Charts.

Company Listed On OTC Bulletin Board Under Ticker Symbol SPKL DENVER, Sept. 24 /PRNewswire-FirstCall/ -- Spicy Pickle(R) fast casual restaurants (OTC:SPKL) (BULLETIN BOARD: SPKL) today announced the commencement of public trading for its common stock on the Over The Counter Bulletin Board (OTC BB) quotation medium. The company completed its own self underwritten Initial Public Offering, and the stock recently opened for trading. Empire Financial Group Inc. (http://www.empirefinancialgroup.com/) of Longwood, Florida, served as sponsoring brokerage firm for quotation of Spicy Pickle's common stock on the OTC BB. Spicy Pickle completed its own IPO by selling 4,352,780 shares of its common stock, priced at $.40, for gross proceeds of $1,741,112. Spicy Pickle, a fast casual franchise concept, has been experiencing significant growth. To date there are 26 units open in nine different states. The restaurants differentiate themselves through a culinary-inspired menu of panini, sub sandwiches, Pizzetti Neapolitan thin-crust pizzas, salads, soups and other items, served in a casual neighborhood setting. Spicy Pickle also offers a range of catering and takeout services. "Spicy Pickle's IPO is an appropriate step at this point in time, given the company's growth curve and success to date," said Marc Geman, President and CEO of Spicy Pickle Inc. "Since our inception in 1999, Spicy Pickle has evolved from a one-store operation in Denver to a chain of restaurants known from coast to coast for its fresh, healthy and innovative approach to lunch and dinner. The capital raised through our public offering will help maintain this unique positioning. We chose to go public at this time to allow investor participation and more efficient access to financing sources as we seek appropriate sources of capital to fuel our growth." By the end of 2007, Spicy Pickle anticipates opening approximately 14 more units, bringing its network to 40 restaurants in 13 states. Nearly 50 franchise development agreements have also been signed. In addition to its franchise activity, Spicy Pickle currently has a breakfast menu in test, potentially opening a new daypart for the chain. The company is also in the process of building a major commissary in Denver to cost-effectively supply its local restaurants with panini, sandwich breads and sweet treats, baked daily according to Spicy Pickle's high standards. All other units nationwide will continue to bake their panini and sandwich breads in-house. The Denver commissary is expected to open by the end of the year. About Spicy Pickle: Founded in 1999, Spicy Pickle Franchising, Inc. (OTC:SPKL) (BULLETIN BOARD: SPKL) serves high quality meats and fine artisan breads, baked fresh daily, along with a wide choice of eight different cheeses, twenty-two different toppings, and fourteen proprietary spreads to create healthy and delicious panini and sub sandwiches with flavors from around the world. As a leading "fast-casual" concept, Spicy Pickle offers menu items that are far beyond traditional fast food -- but without the price point of casual dining. The hallmark of a Spicy Pickle restaurant is quality, service and an enjoyable atmosphere. The company is headquartered in Denver, Colorado, with franchised locations now open across nine states and many more in development nationwide. For more about Spicy Pickle, including franchise information and inquiries, visit http://www.spicypickle.com/. Forward-Looking Statements: Certain statements in this press release, including statements regarding the number of restaurants we intend to open, are forward-looking statements. We use words such as "anticipate", "believe", "could", "should", "estimate", "expect", "intend", "may", "predict", "project", "target", and similar terms and phrases, including references to assumptions, to identify forward-looking statements. The forward-looking statements in this press release are based on information available to us as of the date any such statements are made and we assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, the following: factors that could affect our ability to achieve and manage our planned expansion, such as the availability of a sufficient number of suitable new restaurant sites and the availability of qualified franchisees and employees; risks relating to our expansion into new markets; the risk of food-borne illnesses and other health concerns about our food products; changes in the availability and costs of food; changes in consumer preferences, general economic conditions or consumer discretionary spending; the impact of federal, state or local government regulations relating to our franchisees and employees, and the sale of food or alcoholic beverages; the impact of litigation; our ability to protect our name and logo and other proprietary information; the potential effects of inclement weather; the effect of competition in the restaurant industry; and other risk factors described from time to time in our SEC reports. COMPANY CONTACT: Marc Geman, CEO Spicy Pickle Franchising, Inc. 303-297-1902 Ext. 7000 DATASOURCE: Spicy Pickle Franchising, Inc. CONTACT: Jill Schmidt of S&S Public Relations, +1-847-415-9311, , or Marc Geman, CEO of Spicy Pickle Franchising, Inc., +1-303-297-1902 Ext. 7000, Web site: http://www.spicypickle.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SPKL Spark I Acquisition Corporation