Unique Pizza and Subs Announces it has Signed a LOI to Purchase Pizza Fusion
PITTSBURGH, March 2, 2012 // PRNewswire // -- Unique Pizza and Subs Corporation (OTC Markets Groups Inc.: OTC Pink: UPZS) a Delaware Corporation, is pleased to announce it has signed a Letter Of Intent to Purchase, Boca Raton based, Pizza Fusion Holdings. Pizza Fusion is an organic and eco-friendly pizza restaurant franchise and 2010 Hot Concept Award Winner that has received many other awards and accolades since its conception in 2006. Here is a short-list of some of them: Peoples Choice "Best Pizza" -New Times, People's Choice; "Best Fast Food" -Cookie Magazine; Top 10 Vegan Friendly Pizzerias -PETA; #1 Green Franchise -About.com-January 2010; Certificate of Excellence -GenGreen State of the Union; "Best Organic Pizza" -City Link; #4 Top Movers and Shakers -Fast Casual Magazine-January 2009. Pizza Fusion has also been featured in The New York Times, Entrepreneur Magazine, Plenty Magazine, Nation's Restaurant News, The Sun Sentinel, ABC, CNN, NBC and CBS News, Pizza Today Magazine, QSR Magazine plus numerous others. Visit pizzafusion.com to see a complete list of all press and awards. Vaughan Lazar, Founder and CEO of Pizza Fusion said, "James Vowler knows this business inside and out and will be an enormous asset to the growth of the Pizza Fusion brand. We have a lot of projects in the pipeline and the opportunity to work with Jim and Unique Pizza to see them through is exciting for both parties".
James Vowler President and CEO of Unique Pizza and Subs Corporation said, "I was extremely impressed with the Pizza Fusion concept from the first time I met Vaughan approximately two years ago. Later that day I had the pleasure of sampling his Pizza and was able learn more about his Organic based Franchise. Because Pizza Fusion and Unique Pizza's menus and concepts are so different, we would be able to coalesce our experience and help grow both great Pizza Franchises."
The acquisition is subject to the execution of a definitive agreement and other conditions including the availability of working capital.
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE Unique Pizza and Subs Corporation