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Einstein Noah Restaurant Group (BAGL) RSS Feed

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As the nation’s largest operator of bagel bakeries and the leader in the quick casual segment of the restaurant industry, Einstein Noah Restaurant Group is moving with the cultural shift toward food that is fast, but never tastes that way. Think fresh-baked goods, made-to-order sandwiches, crisp salads and gourmet coffee. We currently own five independent brands including Einstein Bros.®, Noah’s New York Bagels, Manhattan Bagel, Chesapeake Bagel Bakery and New World Coffee. Each sporting their own identity, the brands work independently in niches nationwide, but are growing stronger each year under the powerful umbrella of Einstein Noah Restaurant Group. At Einstein Noah Restaurant Group, our mission is simple: to redefine the quick casual neighborhood café. From our comfortable and friendly store environments featuring sophisticated finishes and furnishings to our reasonably priced, high-quality food, we offer places—quite simply—where people want to be. The concept of quick casual is more than a trend. In fact, the $6 billion segment is one of the fastest growing niches in the restaurant industry. This significant growth is attributed to aging baby boomers who are willing to pay a little more for quality food in a comfortable environment and a youth culture that needs a place to, well, hangout. We provide both—with class. From cozy, warmly lighted lunch cafés with comfy chairs and community tables to convenient counter-order bagel delis, ENRG offers an array of quick casual options. Whether customers want a piled-high sandwich to go or prefer to pause over fresh salads and talk business, one of ENRG'S five brands will accommodate. It’s all about convenience that isn’t rushed, atmosphere that doesn’t go stale, and service that comes with a smile. And we do quick casual all over the nation. With a dough production facility and a coffee roasting plant, ENRG makes sure everything bagel-like—from standard hole-in-the-middles to the ingenious Bagel Dog—and not so bagel-like—from fresh salads to fudge brownies—are as easy to buy and enjoy as the daily newspaper. So what’s next? To leverage our authentic bagel heritage to capture a larger daypart share by encouraging current users to come back for lunch. Toward that end, we’ve increased the advertising dollars focused on our lunch message by 75 percent. That means more radio and television spots, plus national FSI placements. Haven’t heard of our lunch proposition? You will. ***************************************************** HISTORY: Rising to the Challenge In our early years, we operated and franchised specialty coffee cafés in the northeastern United States under the brand names of New World Coffee (New World) and Willoughby's Coffee and Tea (Willoughby's). In addition to coffee, we also served fresh, high quality gourmet foods and pastries. Our business strategy in those years was to be a franchisor and grow through acquisitions. With the acquisition of Manhattan Bagel Company, Inc. (Manhattan) in 1998 and Chesapeake Bagel Bakery (Chesapeake) in 1999, we became a significant franchisor of bagel restaurants and, to a lesser extent, of coffee cafés. In 2001, our strategy evolved to include company-operated restaurants as well as franchised and licensed locations as we completed the acquisition of substantially all of the assets (the Einstein Acquisition) of Einstein/Noah Bagel Corp. (ENBC) and its majority-owned subsidiary, Einstein/Noah Bagel Partners, L.P., which operated 2 brands: Einstein Bros. Bagels (Einstein Bros.) and Noah's New York Bagels (Noah's). The Einstein Acquisition in 2001 was accomplished by issuing a substantial amount of short-term debt and mandatorily redeemable preferred equity, which have since been refinanced and restructured. ************************************************************* IPO Information: Note: Originally traded on the otc as "NWRG" Moved to NASDAQ June 8th with the IPO of "BAGL". New World Restaurant Group Files Registration Statement for Proposed Public Offering GOLDEN, Colo., April 10 /PRNewswire-FirstCall/ -- New World Restaurant Group, Inc. (OTC: NWRG) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed public offering of up to $125,000,000 of its common stock. The number of shares to be offered and the price range for the offering have not been determined. New World will use the proceeds of the offering to pay down its existing indebtedness. Application has been made to list New World's common stock on the Nasdaq Global Market under the symbol "BAGL." New World is the largest owner/operator, franchisor and licensor of bagel specialty restaurants in the United States with approximately 600 restaurants in 36 states and the District of Columbia under the Einstein Bros. Bagels, Noah's New York Bagels and Manhattan Bagel brands. New World's restaurants specialize in high-quality foods for breakfast and lunch in a café atmosphere with a neighborhood emphasis. Morgan Stanley and Cowen and Company will be the joint book-running managers for the offering and Piper Jaffray & Co. will be co-manager. ************************************************************** IPO priced at $18.00 and began trading on June 8th, 2007 GOLDEN, Colorado - Einstein Noah Restaurant Group, Inc. today announced the pricing of a public offering of 5,000,000 shares of its common stock at $18.00 per share. All shares included in this offering are being sold by Einstein Noah. Einstein Noah has granted the underwriters the right to purchase an additional 750,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on June 13, 2007. Shares of Einstein Noah's common stock are scheduled to begin trading on the Nasdaq Global Market on June 8, 2007, under the symbol "BAGL." Einstein Noah intends to use the net proceeds of this public offering to repay certain of its existing indebtedness. ********************************************************** EINSTEIN BROS. BAGELS BEGINS FRANCHISING Popular 450-plus Unit Fast Casual Restaurant Chain Announces First Franchise Deal Signed for Northern Florida Includes 21 Units Lakewood, CO—June 30, 2007—Einstein Noah Restaurant Group, Inc. (formerly New World Restaurant Group), a leader in the quick-casual segment of the restaurant industry, is now franchising its flagship brand, Einstein Bros. ® Bagels. With approximately 340 company-owned restaurants and 100-plus licensed locations, Einstein Bros. Bagels is positioned for unprecedented growth. Initially, the company is focusing its franchise growth in the southeastern United States, in non-company owned markets such as Northern Florida where a deal to develop 21 units has already been signed. Since acquiring the Einstein Bros. Bagels brand in 2001, Einstein Noah Restaurant Group has strategically chosen not to franchise the brand as a means of growth until now. It has also recently ramped up its licensing effort in airport, hospital and college campus locations. Within the last two years, the organization has added more than 45 of its 100-plus existing licensed units and has plans to add 30 to 40 more in 2007. Much of the licensed growth is with major foodservice players like Aramark, Sodexho, HMS Host and more. *********************************************************** One Year Chart Six Month Chart With Indicators
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