UFood Grill Chicago Breaks Ground
BOSTON--(BUSINESS WIRE)--UFood Restaurant Group, Inc. (OTCBB: UFFC), a franchisor and operator of fast-casual food restaurants and nutritional product retail stores, today announced that the first location in the Chicago metropolitan area has broken ground at 200 West Jackson Street. This is the first of five locations to be developed and operated by franchisee Carl Dissette. The franchisee has an extensive background opening restaurants such as International House of Pancakes and Jimmy John's. Grand opening is expected to be this August. In addition, a lease has been signed for the second location of UFood Grill at 823 South State Street and is also expected to break ground shortly.
George Naddaff, Chairman and CEO of UFood Grill comments, "We are excited to bring the UFood experience to Chicago and expect people of the Great City of Chicago to appreciate a new and exciting diverse menu such as ours. We continue to follow our business model, penetrating the metro-plex hubs throughout the country to leverage our UFood brand for maximum visibility."
The fast-casual dining segment is led by companies such as Chipotle Mexican Grill (NYSE: CMG) and Panera Bread Company (Nasdaq: PNRA), and caters to customers who desire the convenience of a fast-food chain and are willing to pay a premium for higher quality, differentiated menu items.
For more information, go to UFood Grill's newly updated web site, http://www.ufoodgrill.com/.
About UFood Restaurant Group, Inc.
Headquartered in Boston, MA, UFood Restaurant Group, Inc. is a franchisor and operator of fast-casual food service restaurants with an integrated retail store that sells nutritional products for a dual revenue stream business. UFood Grill offers a healthy lifestyle alternative to consumers in the fast-casual restaurant space and is positioned to become a leading player in the "better-for-you" quick serve restaurant category. The Company is led by franchise innovator George Naddaff, who founded Boston Market and led the franchising of several companies including Sylvan Learning Center and Ranch*1. Mr. Naddaff has a veteran management team with a record of success in the franchise market. UFood is currently launching a growth plan to franchise nationwide.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving known and unknown risks, delays, and uncertainties that may cause our actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These risks, delays, and uncertainties include, but are not limited to: risks associated with the uncertainty of future financial results, our reliance on our sole supplier, the limited diversification of our product offerings, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.