Ultimate Franchise Systems, Inc. Announces Signing of New Franchise Agreement for New York Burrito
23 June 2004 - 9:30PM
PR Newswire (US)
Ultimate Franchise Systems, Inc. Announces Signing of New Franchise
Agreement for New York Burrito HEATHROW, Fla., June 23
/PRNewswire-FirstCall/ -- Ultimate Franchise Systems, Inc.
(OTC:UFSY) (BULLETIN BOARD: UFSY) , a franchise management and
venture company, announced today the signing of a new Franchise
Agreement to open up a New York Burrito in the State of Washington.
New York Burrito is a gourmet wrap and Tex-Mex concept positioned
to take advantage of one of the fastest growing segments in the
restaurant industry. Ultimate will be focusing on the growth of New
York Burrito in the Florida market through targeting multi-unit
operators and area developers. Website:
http://www.newyorkburrito.com/ Christopher M. Swartz, CEO of
Ultimate Franchise, stated, "We feel that we have the New York
Burrito concept repositioned and the operations streamlined to
where we are now committed to grow the brand. We feel that the
Florida market has the best demographics compounded with our
significant presence and ownership of six other brands with units
in the Florida market that this is the right time and place to
build out the concept. New York Burrito currently has 35 stores
operating and we have plans to expand to over 100 units in the next
four years." Ultimate Franchise Systems, Inc. (OTC:UFSY) (BULLETIN
BOARD: UFSY) currently has investments in approximately 589
franchised restaurants and 40 weight loss clinics in 30 states
throughout the United States. These brands include Gator's Dockside
Restaurants, Jreck Subs, Inc., Central Park Hamburgers, Li'l Dino's
Deli and Grille, Sobik's Subs. (OTC Pink Sheets: QRVI) Famous Uncle
Al's Hot Dogs (OTC Pink Sheets: FFDG), Flamers Hamburgers,
Westshore Pizza, Obee's Subs, New York Burrito and Beverly Hills
Weight Loss (OTC:WLFI) (BULLETIN BOARD: WLFI) . For more
information, please contact: Christopher Swartz at 407-333-8998.
This press release may contain forward-looking information within
the meaning of Section 27A of the Securities Act of 1933 or Section
21E of the Securities and Exchange Act of 1934 and is subject to
the safe harbor created by these sections. Ultimate Franchise
Systems, Inc. and Quality Restaurant Ventures, Inc., assume no
obligation to update the information contained in this press
release. Certain information included herein may contain statements
that are forward-looking, such as statements relating to plans for
future expansion and other business development activities as well
as operating costs, capital spending, financial sources and the
effects of competition. Such forward-looking information is subject
to changes and variations which are not reasonably predictable and
which could significantly affect future results. Accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of the Companies. DATASOURCE:
Ultimate Franchise Systems, Inc. CONTACT: Christopher Swartz of
Ultimate Franchise Systems, +1-407-333-8998 Web site:
http://www.ufsi.net/ http://www.newyorkburrito.com/
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