On The Border Announces Agreement to Develop New Restaurants in South Dakota and Wyoming
DALLAS, June 26, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Brinker International, Inc. (NYSE: EAT) announced it has signed an agreement with South Dakota based SDWYO, LLC to develop four On The Border Mexican Grill & Cantina(R) restaurants in Wyoming and South Dakota. The restaurants are scheduled to be completed by 2011.
Including this transaction, Brinker brands will surpass the company's initial goal to increase franchise ownership to 30 percent by the end of calendar year 2007. As recently announced, Brinker anticipates franchise ownership will further grow to 35 percent by end of fiscal year 2008.
"On The Border is a great brand and we are excited to bring it to the people of South Dakota and Wyoming," said Bryan Gonzalez, managing partner of SDWYO. "We are looking forward to working with a reputable leader in the restaurant industry such as Brinker."
"SDWYO is an established restaurant operator and we are pleased to be working with them on this development agreement," said Dave Orenstein, president of On The Border Grill & Cantina.
On The Border Mexican Grill & Cantina (http://www.ontheborder.com) is the largest casual Mexican restaurant chain in the United States, with more than 140 locations in 32 states. On The Border celebrates traditional Mexican dishes with a twist, served in vibrant decor and featuring lively music. On The Border is part of Dallas-based Brinker International (NYSE: EAT). Other Brinker restaurant brands include Chili's Grill & Bar, Romano's Macaroni Grill and Maggiano's Little Italy.
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