PITTSBURGH, Oct. 5, 2007 (PRIME NEWSWIRE) -- Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, announces a deal structured to sell the rights to 115 franchises to be established in the state of Texas. This deal with Unique Franchise Operations, Inc. will be carried out over a period of two years in which UFO will make weekly installment payments until the entire amount of $2,012,500 is paid to Unique Pizza and Subs. This agreement will sell each franchise for a discounted fee of $17,500 instead of the normal $20,000 franchise fee because of the commitment of over 100 locations. The deal is also structured to set a flexible schedule on when these stores will be opening and on the areas of Texas they will be located. Unique Pizza and Subs will work closely with Unique Franchise Operations to find the best locations for these new stores and to open them on a consistent schedule.
"As the CEO of Unique Franchise Operations Inc., I am always on the lookout for franchise opportunities that will give our company a competitive edge and our shareholders value," stated Mark Ellison. "We believe that acquiring 115 Unique Pizza and Subs Corp. franchises is a good strategic move and a good fit for our company. I have been a shareholder of UPZS since it went public and have watched it build the infrastructure to enable it to follow a fast and solid growth track. I personally did not hesitate in collateralizing the $2,012,500 funding for Unique Franchise Operations, Inc. (UFO) to acquire 115 Unique Pizza and Subs franchises. I believe that this is only the beginning of the rapid expansion of UPZS and thought it prudent for UFO to take advantage of the opportunity to stake its claim. Having examined the product and the operational plan thoroughly, we believe that Unique Pizza and Subs Corp. will be the dominant player in the pizza and subs categories in the near future, and we are proud to be a part of the tremendous growth and expansion of such a great company."
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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