ALERT DATE & PRICE: SEP 21, 2007 / $.69 ALERT EMAIL:CLICK HERE CURRENT PRICE: $1.30 CURRENT % ROI: +88%
COMPANY CONTACT INFO:
Spicy Pickle Franchising Inc.
B90 Madison St., Suite 700
Denver, CO 80206 Phone: (800) 711-1902 Fax: (303) 297-1903 Email:
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Web:www.spicypickle.com
INVESTOR RELATIONS INFO:
Spicy Pickle Phone: (800) 711-1902
Today the markets got a little pop, but the short-term sentiment is ugly. We might rally for another few days, but that might create another technical lower high pattern, which is bearish.
As the markets have been getting clobbered lately, Spicy Pickle has held up quite well. We knew that $2 a share was way overvalued and we knew that the $1-$1.20 area was a good value. So now we are sitting at a $1.30 and the volume is getting lighter, but if you have been watching the box on SPKL, there is solid BID strength throughout each level.
The reason for this kind of investor confidence, is because the company keeps performing like it said it would. Today the company announced two new store openings and if you're keeping tabs, that marks stores 32 and 33 in the Spicy Pickle chain.
Investors might get a little bored of reading these press releases, but as the company creeps closer to the century mark, there will be a lot of investors who wish they were around when they were at 30 stores.
Below is the press release:
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Spicy Pickle Announces Two New Restaurant Openings in Colorado Market
DENVER, CO, Nov 27, 2007
Spicy Pickle(R) fast casual restaurants (OTCBB: SPKL) today announced two new restaurant openings in Colorado.
The two new openings mark the 32nd and 33rd restaurants in the chain, and the 20th and 21st restaurants located in the Colorado Front Range metro area, which covers Colorado Springs, Denver, Boulder, Ft Collins, and smaller communities found close to those cities.
The first new restaurant is located at 9275 N. Union Blvd., Suite 150, Colorado Springs, Colorado 80920 phone: (719) 282-1442. This location is the second Spicy Pickle(R) restaurant in the Colorado Springs area.
The second new location will officially open its doors for the public on Monday, December 3rd. It is located at 321 McCaslin Boulevard, Unit C, Louisville, Colorado 80027 phone: (720) 890-6162. Louisville is located along the heavily populated corridor between Denver and Boulder.
Marc Geman, CEO of Spicy Pickle(R) Franchising, Inc., commented: "With the opening of our 20th and 21st stores in the Colorado market we continue to leverage our brand to the Colorado consumers who are very familiar with our offerings. We plan to replicate this level of market penetration in other major metro areas around the country over the coming months and years."
By the end of 2007, Spicy Pickle(R) anticipates it will still be on track to open two restaurants out of state as well as the new Corporate Training/Culinary Restaurant in Denver, and the new Bakery which will serve the Colorado restaurants, all by year's end. Two additional locations are already in construction and should open shortly after the first of the year. In addition over 50 other franchise development agreements have been signed.
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