Spicky Pickle (SPKL) announces 5 store development in Chicago!
ORIGINAL ALERT INFO :
ALERT DATE & PRICE: SEP 21, 2007 / $.69 ALERT EMAIL:CLICK HERE CURRENT PRICE: $1.26 CURRENT % ROI: +83%
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
What a great start to 2008 for all of us Spicy Pickle shareholders.
The company just put out a press release after the close today announcing a 5 store franchise development in a Chicago suburb.
This will bring the total number of franchises sold to 110. Soon enough, we should be at 200 and a very strong buyout candidate.
Below is the press release:
Spicy Pickle® Announces 5 Store Franchise Agreement in Chicago area. New Franchise Sale will add to existing Spicy Pickle restaurant in Chicago. Tuesday, Jan. 8, 2008 - 4:00
DENVER, CO - Spicy Pickle® fast casual restaurants (OTCBB: SPKL) today announced the sale of a multi unit restaurant development to a new franchise developer in the greater Chicago metropolitan area, increasing the total number of franchises the Company has sold to 110.
A new franchisee has entered into a franchise and development agreement to open the first Spicy Pickle® Restaurants in the suburbs of Chicago including Oak Brook, Naperville, Lemont and Orland Park. The new franchisee learned about Spicy Pickle from visiting the existing restaurant at 2312 Lincoln Ave., in Chicago’s Lincoln Park district.
Marc Geman, CEO of Spicy Pickle® Franchising, Inc. commented: "We were waiting for the right franchisee to help continue the development of Spicy Pickle in the Chicago market. Obviously the Greater Chicago Metropolitan area can support a large number of restaurants and centralizing this franchisee’s efforts in the western and south. western suburbs leaves plenty of room for continued growth in this market.”
Mr. Geman further commented, “Markets in large metropolitan areas like Chicago support huge numbers of the typical Spicy Pickle customer. However the very size of the market and competition makes it challenging to get brand recognition. Our non-preservative meats and interesting flavor combinations in our sandwiches along with the customer’s ability to build their own sandwich from high quality ingredients with toppings and spreads from around the world sets us apart from the every-day sandwich shop and provides a delicious and healthy alternative for customers seeking quality food. Our new franchisee will deliver that to these markets and we are confident will generate further interest in our concept for the Chicago area.”