DENVER, CO, Apr 25, 2008 (MARKET WIRE via COMTEX News Network) -- Spicy Pickle(TM) (OTCBB: SPKL) fast-casual restaurants announced today that its San Diego franchisee, with a 12 restaurant development package, has opened his first Spicy Pickle(TM) restaurant in downtown San Diego, and signed a lease for a second restaurant in the North County San Diego area.
The new restaurant is located at 303 W. Beech Street on the ground floor of a condominium project known as Aperture. It is on the corner of Beech Street and Union Street just off of the area known as Little Italy. The restaurant opened on Sunday, April 20, 2008.
The newly leased space for the second restaurant will be located on an end cap in the Melrose Center at S. Melrose Drive and Sycamore Avenue in Vista, CA. The space is in a retail strip mall currently being developed. Delivery is expected in early 2009. The Beech Street restaurant is the second operating Spicy Pickle(TM) restaurant in the San Diego area. The first is located in Poway, CA and opened in the summer of 2005.
Marc Geman, CEO of Spicy Pickle Franchising, Inc., commented: "Similar to our Michigan developer, our San Diego developer has trained personnel available to ensure a successful opening. Such was the case with this restaurant. I was amazed at the number of people who found us simply because they were walking the neighborhood of several condominium projects, mixed retail, and some office space. The demographic was spot on for our customer. The newly opened restaurant was steady all day Sunday at the opening and then filled for lunch and dinner on Monday and Tuesday.
"It has been two and one half years since we opened Poway. We took our time putting the right franchisee in place and locating the first restaurant under that development agreement. Our patience is definitely paying dividends and will continue to increase the rate of restaurant openings in San Diego County. And of course the more restaurants the more marketing and distribution efficiencies we will recognize making the operations that much more profitable."
Jason Cox, the Spicy Pickle franchisee, commented: "We are very pleased with the walk in traffic we are seeing even before our catering and marketing efforts are put in place. Now that we have our feet wet we will be looking for additional locations even before the Melrose Center is available. We see a great future for Spicy Pickle(TM) in San Diego and are glad to be a part of the development."
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(TM) offers menu items that are far beyond traditional fast food -- but without the price point of casual dining. The hallmark of a Spicy Pickle(TM) restaurant is quality, service and an enjoyable atmosphere. The company is headquartered in Denver, Colorado, with restaurants open or under construction across 16 states and many more in development nationwide. To find out more about Spicy Pickle (OTCBB: SPKL), visit our website at 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.
COMPANY CONTACT: Marc Geman, CEO Spicy Pickle Franchising, Inc. 303-951-2530 Email Contact
SOURCE: Spicy Pickle Franchising, Inc.