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Spicy Pickle (SPKL) enters the Los Angeles market! |
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ORIGINAL ALERT INFO : |
ALERT DATE & PRICE: SEP 21, 2007 / $.69
ALERT EMAIL: CLICK HERE
CURRENT PRICE: $1.25
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
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INVESTOR RELATIONS INFO: |
Spicy Pickle
Phone: (800) 711-1902
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Spicy Pickle™ Announces 3 Store Franchise Agreement in downtown Los Angeles. New Franchise Sale will be first Spicy Pickle Restaurants in LA.
Wednesday January 16, 4:00 pm ET
DENVER, CO - January 16, 2008 - Spicy Pickle™ fast casual restaurants (OTCBB: SPKL) today announced the sale of a multi unit restaurant development to a new franchisee in downtown Los Angeles, California bringing the total number of franchises the Company has sold to 113.
A new franchisee has entered into a franchise and development agreement to open the first Spicy Pickle™ restaurants in downtown Los Angeles. The new franchisee became familiar with Spicy Pickle™ through the Company’s public stock and then visited several of the restaurants operating in the greater Denver area.
Marc Geman, CEO of Spicy Pickle Franchising, Inc. commented: "We are very pleased to have such a capable franchisee to start our development of the Los Angeles market. This will compliment our 12 restaurant development in San Diego and help grow the entire Southern California market. We expect to generate a lot of interest in this large market.”
Mr. Geman also noted that the franchisee was an owner of two night clubs in the development area and very familiar with the neighborhood where the restaurants will be located which is bounded by Interstate 10, the 110 and the 101 and Grand Avenue including the area around the Staples Center and the Convention Center. Additionally the new franchisee is an instructor at the California School of Culinary Arts, Le Cordon Bleu Program in Pasadena. “We are thrilled to have such an accomplished restaurateur pick our concept for development said Mr. Geman.”
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