Unique Pizza and Subs Receives Commitment For 25 Locations in North Carolina
PITTSBURGH, July 13, 2007 (PRIME NEWSWIRE) — Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, is pleased to announce a commitment to open 25 stores in North Carolina and South Carolina. LKN Investment Partners LLC, made up of Raymond Monroe, David Koran and Dr. Michael Chandler, has committed to open 25 Unique Pizza and Subs locations in North and South Carolina over the next 36 months. LKN has also purchased the rights for “first right of refusal” in these two states and plans to open 50 plus locations with the first 5 expected to open by the end of 2007. “We are excited to be associated with such a great organization that is filled with many knowledgeable people. As loyal shareholders it was an easy decision to get involved in such a progressive endeavor with a fine company like Unique Pizza and Subs,” stated Raymond Monroe.
William J. Vowler, Vice President and General Manager of UPZS, stated, “This is a huge commitment from a well qualified group of people that have showed us strong desires and dedication to open many Unique locations. We started building loyal Unique Pizza and Subs customers in the North Carolina market in February, with a location in Mooresville and we embrace this opportunity to continue our success by adding many more new locations throughout the state. This commitment is a strategic part of our overall revised growth strategy for our company.”
About Unique Pizza and Subs Corporation, a Delaware Corporation
Since the beginning of its development stages back in 1991, Unique Pizza and Subs clearly has separated themselves from the other major pizza franchises. To succeed where other major franchises cannot, a pizza shop needs to have these key elements: a high quality and consistently made product (all of their recipes were designed to have the quality of a “mom and pop” pizza shop with the consistency of a major franchise), good, professional and friendly customer service (UPZS is the only publicly traded pizza franchise that will have all of its location’s orders routed to their professionally-staffed Customer Response Center), and an owner that lives, works and pays taxes in that small market (all of the conversions of independent pizza shops into Unique Pizza and Subs will retain the same local ownership).
The Unique Pizza and Subs logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2466
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.
