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OBFC: Obee's Franchise Systems, Inc. Releases 6 Month Revenue ForecastLast update: 7/17/2007 10:45:00 AMPORT CHARLOTTE, Fla., July 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- Obee's Franchise Systems, Inc. (OTC Pink Sheets: OBFC) today released a system-wide sales and revenue forecast for July - December 2007. The projection includes the revenues OBFC expects to earn from the planned openings of several new obee's(R) soups, salads & subs restaurants during this six month period. The forecast projects that obee's(R) soups, salads & subs will generate $6,400,000 in system-wide sales during the next six months. OBFC is expecting to earn approximately $662,000 in revenues from these sales along with the franchise fees the company also expects to generate from the sale of new franchises. The sales figures are based on the revenue stream currently being earned from its existing franchise network, combined with the new royalties and management fees that will be added to the company's revenue stream as new obee's(R) soups, salads & subs units are opened. Obee's Franchise Systems, Inc. will undergo a 30-1 forward stock split on July 20th and will also be traded under a new stock symbol. Additional announcements concerning the opening of new obee's(R) soups, salads and subs locations, and the company's new franchise expansion program will be released as details become available. About Obee's Franchise Systems, Inc. Obee's Franchise Systems Inc. is the parent company of obee's(R) soups, salads & subs, a fast casual restaurant chain that manages franchises in 21 states from Florida to California. At present there are over 50 Obee's locations open and under development. OBFC has commitments from a nationwide network of area developers to open an additional 1,000 stores over the next ten years.
For investor relations please contact: Obee's Franchise Systems, Inc. 407-333-8998 x150 [e-mail] 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. Obee's Franchise Systems, Inc. assumes 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. SOURCE Obee's Franchise Systems, Inc.
Investor Relations, Obee's Franchise Systems, Inc., [phone] x150,[e-mail] (C) 2007 PR Newswire. All rights reserved