The BURGER KING(R) Brand Enters Suriname
MIAMI--(BUSINESS WIRE)--Burger King Corp. (NYSE:BKC) announced today that it has awarded development rights in Suriname to the following franchise developers: Shanker Persaud, Anil Raghoebarsingh, Sanjay Raghoebarsingh and Armand Van Alen. The first BURGER KING(R) restaurant to be launched by the new franchise developers in Suriname is expected to open during the second half of calendar 2008 in the capital city of Paramaribo. The 650 square-meter, two-story, freestanding restaurant will include Wi-Fi access, a state-of-the-art indoor playground, lounge area and coffee counter. Additional restaurant openings throughout the country are scheduled during the next three years.
"Suriname is a valuable market in our strategic mission to expand our footprint into South America," stated Armando Jacomino, president, Latin America & Caribbean, Burger King Corp. "With their strong marketing and operational background, we believe our new franchise developers are well suited to successfully grow the BURGER KING(R) brand in Suriname."
Sanjay Raghoebarsingh, franchise developer for Suriname said, "We know Suriname consumers well and we are confident that they will truly enjoy the taste of the hot and fresh, flame-broiled WHOPPER(R) sandwich made-to-order and other BURGER KING(R) menu offerings. We are excited to have the opportunity to launch the BURGER KING(R) brand in Suriname and allow consumers to HAVE IT YOUR WAY(R)."
The BURGER KING(R) brand currently enjoys a strong consumer following throughout Latin America and the Caribbean with a presence in 27 countries across the region and 15 years of positive comparable sales growth. During fiscal 2008, the Latin America and Caribbean segment attained an important milestone with the opening of its 1,000th restaurant for the region.
Certain statements made in this press release that reflect management's expectations regarding future events are forward-looking in nature, including statements regarding the Company's expectations about restaurant openings in Suriname during the second half of calendar 2008, the Company's beliefs regarding Suriname as a valuable market for the expansion of the Company's brand in South America and the Company's beliefs regarding the ability of its franchisees to successfully execute their development plans. These forward-looking statements are only predictions based on our current expectations and projections about future events. Important factors could cause our actual results to differ materially from those expressed or implied by these forward-looking statements, including those risk factors set forth in our annual and quarterly reports filed with the Securities and Exchange Commission and the following: (i) our ability to compete internationally in an intensely competitive industry; (ii) our ability to successfully implement our international growth strategy; and (iii) risks related to our international operations.
Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We do not undertake any responsibility to update any of these forward-looking statements to conform our prior statements to actual results or revised expectations.
About Burger King Corporation
The BURGER KING(R) system operates more than 11,400 restaurants in all 50 states and in 70 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING(R) restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. To learn more about Burger King Corp. please visit the company's Web site at www.bk.com.
SOURCE: Burger King Corp.