Sobik's Announces System-Wide Sales Increases for October
Wednesday December 1, 8:29 am ET
HEATHROW, Fla., Dec. 1 /PRNewswire-FirstCall/ -- Quality Restaurant Ventures, Inc. (OTC Pink Sheets: QRVI - News), franchisor of Sobik's Subs sandwich restaurants, announced today that sales from the Company's 39 franchises for the month of October increased by 36.42%. Sobik's total sales increased in nine preceding months. Overall, 2004 Sobik's revenues have risen by $253,204 over the same period of 2003.
"I am happy to report that this October was our biggest October ever for Sobik's," said Dan Patterson, President of Quality Restaurant Ventures, Inc. "From the beginning of 2004, we have concentrated on menu refinement, increased franchisee and employee training, and developing restaurant models that fit into our expansion strategy. Now that we are sure our plans and sales are going in the right direction, we couldn't be more pleased."
Since the beginning of 2004, Quality Restaurant Ventures, Inc. has engaged a major expansion plan for Sobik's and its other recent investments in two restaurant brands, Uncle Al's Hot Dogs and Westshore Pizza. QRVI is an affiliate company of Ultimate Franchise Systems, Inc. (OTC Bulletin Board: UFSY - News), a venture and development company. UFSY's expertise is used to improve and refine operational systems and establish a broader infrastructure, thereby allowing emerging brands to better accomplish their growth strategies.
Ultimate Franchise Systems, Inc. currently has investments in approximately 600 franchised restaurants and 40 weight loss clinics in 30 states throughout the United States. These brands include Juicy Lucy's Hamburgers, Gator's Dockside Restaurants, Jreck Subs, Inc., Central Park Hamburgers, Li'l Dino's Deli and Grille, Sobik's Subs (OTC Pink Sheets: QRVI - News), Famous Uncle Al's Hot Dogs, Flamers Hamburgers, Mountain Mike's Pizza, Westshore Pizza, Obee's Subs, New York Burrito, Seawest Subs, Weight Loss Forever and Beverly Hills Weight Loss (OTC Bulletin Board: BHWW - News).
For more information, please contact: Daniel R. Patterson, President of Quality Restaurant Ventures, Inc. at +1-877-655-4300.
This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Quality Restaurant Ventures, Inc. and Ultimate Franchise Systems, Inc. assume no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward- looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward- looking statements made by or on behalf of the Companies.
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620 Crown Oak Centre Dr. Suite 104
Longwood, Florida 32750
Phone: (407) 830-7287
Franchise Sales and Information
Mr. Byron Rambo, Director of Franchising
Donna Dodge, R.D., L.D.N.
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