• Home:
• News:
• Krispy Kreme:

Krispy Kreme Files Its Uniform Franchise Offering Circular (UFOC)

WINSTON-SALEM, N.C., May 14 // PRNewswire-FirstCall // -- Krispy Kreme Doughnuts, Inc. (NYSE: KKD) today announced that, in accordance with Federal Trade Commission (FTC) rules and regulations and various state franchise laws, the Company has completed the preparation of its Uniform Franchise Offering Circular (UFOC) and submitted the UFOC for review by those states in which registration is required. Once the review process is complete and the UFOC is registered, Krispy Kreme expects to be able to offer franchises in all 50 states.

"Krispy Kreme is able to file this document because it has become current with its audited financial statements," said Daryl Brewster, President and Chief Executive Officer of Krispy Kreme. "This is another step in the turnaround of Krispy Kreme."

A UFOC is a disclosure document that contains detailed information about a franchise offering. It is designed to assist potential franchisees in the evaluation of a franchise opportunity. The disclosure and sales process is regulated by the FTC and certain states. For information call 1-800-334-1243.

About Krispy Kreme:

Founded in 1937 in Winston-Salem, North Carolina, Krispy Kreme is a leading branded specialty retailer of premium quality doughnuts, including its signature Hot Original Glazed. There are currently approximately 296 Krispy Kreme stores and 99 satellites operating system-wide in 41 U.S. states, Australia, Canada, Hong Kong, Indonesia, Japan, Kuwait, Mexico, the Philippines, the Republic of South Korea and the United Kingdom. Krispy Kreme can be found on the World Wide Web at http://www.krispykreme.com.

The information in this press release should not be construed as an offer. An offering may only be made by UFOC. In addition, no offers will be made to residents of any jurisdiction in which registration is required and has not been obtained. No franchise will be sold in any such jurisdiction by or on behalf of Krispy Kreme until the offering has been declared effective and the UFOC, as registered in such jurisdiction, has been delivered to the offeree before the sale and in compliance with the franchise laws of such jurisdiction and the Federal Trade Commission.

Information contained in this press release, other than historical information, should be considered forward-looking. Forward-looking statements are subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Krispy Kreme's operating results, performance or financial condition are the outcome of pending governmental investigations, including by the Securities and Exchange Commission and the United States Attorney's Office for the Southern District of New York; potential indemnification obligations and limitations of our director and officer liability insurance; material weaknesses in our internal control over financial reporting; our ability to implement remedial measures necessary to improve our processes and procedures; significant changes in our management; our ability, and our dependence on the ability of our franchisees, to execute our and their business plans; our ability to implement our international growth strategy; currency, economic, political and other risks associated with our international operations; the price and availability of raw materials needed to produce doughnut mixes and other ingredients; compliance with governmental regulations relating to food products and franchising; our relationships with wholesale customers; our ability to protect our trademarks; restrictions on our operations contained in our senior secured credit facilities; changes in customer preferences and perceptions; risks associated with competition; and other factors discussed in Krispy Kreme's Annual Report on Form 10-K for fiscal 2007 and other periodic reports filed with the Securities and Exchange Commission.

###