DENVER, CO--(Marketwire - November 27, 2007) - Spicy Pickle® fast casual restaurants (OTCBB: SPKL) today announced two new restaurant openings in Colorado.
The two new openings mark the 32nd and 33rd restaurants in the chain, and the 20th and 21st restaurants located in the Colorado Front Range metro area, which covers Colorado Springs, Denver, Boulder, Ft Collins, and smaller communities found close to those cities.
The first new restaurant is located at 9275 N. Union Blvd., Suite 150, Colorado Springs, Colorado 80920 phone: (719) 282-1442. This location is the second Spicy Pickle® restaurant in the Colorado Springs area.
The second new location will officially open its doors for the public on Monday, December 3rd. It is located at 321 McCaslin Boulevard, Unit C, Louisville, Colorado 80027 phone: (720) 890-6162. Louisville is located along the heavily populated corridor between Denver and Boulder.
Marc Geman, CEO of Spicy Pickle® Franchising, Inc., commented: "With the opening of our 20th and 21st stores in the Colorado market we continue to leverage our brand to the Colorado consumers who are very familiar with our offerings. We plan to replicate this level of market penetration in other major metro areas around the country over the coming months and years."
By the end of 2007, Spicy Pickle® anticipates it will still be on track to open two restaurants out of state as well as the new Corporate Training/Culinary Restaurant in Denver, and the new Bakery which will serve the Colorado restaurants, all by year's end. Two additional locations are already in construction and should open shortly after the first of the year. In addition over 50 other franchise development agreements have been signed.
About Spicy Pickle®:
Founded in 1999, Spicy Pickle® Franchising, Inc. (OTCBB: SPKL) serves high quality meats and fine artisan breads, baked fresh daily, along with a wide choice of eight different cheeses, twenty-two different toppings, and fourteen proprietary spreads to create healthy and delicious panini and sub sandwiches with flavors from around the world. As a leading "fast-casual" concept, Spicy Pickle® offers menu items that are far beyond traditional fast food -- but without the price point of casual dining. The hallmark of a Spicy Pickle® restaurant is quality, service and an enjoyable atmosphere. The company is headquartered in Denver, Colorado, with franchise locations now open across nine states and many more in development nationwide. For more about Spicy Pickle®, including franchise information and inquiries, visit http://www.spicypickle.com.
Certain statements in this press release, including statements regarding the number of restaurants we intend to open, are forward-looking statements. We use words such as "anticipate," "believe," "could," "should," "estimate," "expect," "intend," "may," "predict," "project," "target," and similar terms and phrases, including references to assumptions, to identify forward-looking statements. The forward-looking statements in this press release are based on information available to us as of the date any such statements are made and we assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, the following: factors that could affect our ability to achieve and manage our planned expansion, such as the availability of a sufficient number of suitable new restaurant sites and the availability of qualified franchisees and employees; risks relating to our expansion into new markets; the risk of food-borne illnesses and other health concerns about our food products; changes in the availability and costs of food; changes in consumer preferences, general economic conditions or consumer discretionary spending; the impact of federal, state or local government regulations relating to our franchisees and employees, and the sale of food or alcoholic beverages; the impact of litigation; our ability to protect our name and logo and other proprietary information; the potential effects of inclement weather; the effect of competition in the restaurant industry; and other risk factors described from time to time in our SEC reports.