Unique Pizza and Subs Announces New Lease Signed in North Carolina
PITTSBURGH, Aug. 13, 2007 (PRIME NEWSWIRE) — Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, announces that LKN Investment Partners LLC has signed a new lease for an impressive 4,200 square foot space at 215 Salisbury Road, Granite Quarry, NC with a projected opening late October ’07. This location is the second for LKN Investment Partners and the third location in the North Carolina market with additional openings planned for the remainder of 2007. David Koran of LKN Investment Partners states, “Being president of Gideon Financial, I see investment opportunities daily and I just could not pass on the chance to get involved with Unique Pizza and Subs. I’ve done some market studies on Unique and with their superior product, the ability to compete in any size market, the conversion potential of independent pizza shops, and having an average receipt of $14.83 compared to the national average of $9.01, proves to LKN this is a financially sound investment and we are excited to get in early on the growth of Unique Pizza and Subs.”
This 4,200 square foot location will have a capacity of 125 people with seating of 75 in the dining room, 25 in the bar area, and 25 on the outside deck along with having a separate banquet room capable of seating 50 for many community functions. Besides offering Unique Pizza’s extensive menu, the plans are for karaoke nights, video games, and many plasma TVs to make this a destination for the whole community.
In addition, the first location of LKN Investment Partners at 2263 Spider Lane, Concord, NC is planning on opening ahead of it projected late September date. LKN’s enthusiasm has motivated the contractors working on the project to do everything possible to get this location open earlier than expected.
Thomas Dugita, Chief Strategy Officer of UPZS, states, “We are impressed with the dedication seen in the partners of LKN. Not only are they working diligently to negotiate and sign new leases, but they are ahead of schedule for the Concord, NC opening by a couple of weeks. The success we are achieving in the North Carolina market along with the support by a strengthened Board of Directors and Management Team, the prospects for our company are stronger then ever.”
UPZS has written a “Letter to the Shareholders” and is posted at: http://www.UniquePizza.com/Docs/LettertoShareholders.pdf.