Obee's Franchise Systems Inc. (fka OBEE)

[infoseek]

Obee's Franchise Systems, Inc. Announces First Location Set to Open in PennsylvaniaLast update: 7/31/2007 9:51:00 AMPORT CHARLOTTE, Fla., July 31, 2007 /PRNewswire-FirstCall via COMTEX/ -- Obee's Franchise Systems, Inc. (Pink Sheets: OBFM) announced today that a new restaurant is in the final stages of construction in Greensburg, Pennsylvania. This is the first of twenty locations that Obee's has contracted with the company's area developers for a three county region of Westmoreland, Indiana and Cambria counties in Pennsylvania. Peter Brown, President of Obee's Franchise Systems, Inc. explained, "Our area developers, Mr. & Mrs. Bill Stewart have been very diligent in finding this location in Greensburg to start the development for obee's soups, salads & subs locations in Pennsylvania. The Greensburg workplace profile which I understand doubles the city's population during work hours is an excellent match for our operational model. We strongly cater to the lunchtime crowd with a menu that features both healthy, light eating choices, as well as a variety fresh sub sandwiches that sell well with the hearty eater categories." Recently, OBFM released a six month revenue forecast that projects the company will generate nearly $6,400,000 in system-wide sales during the six month period of July - December of this year. OBFM 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. An in-depth corporate profile may be found in the latest online issue of . The Greensburg location is expected to be opening within the next 60 days. About Greensburg, Pennsylvania Greensburg is a city in Westmoreland County, Pennsylvania, USA and part of the Pittsburgh Metro Area. The city is named after Nathaniel Greene, a major general of the Continental Army in the American Revolutionary War. Greensburg is the county seat of Westmoreland CountyGR6. Located southeast of Pittsburgh, Greensburg is a major business and cultural center in Western Pennsylvania. It is evident as the city's population doubles during work hours. For further information see: . 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. OBFM has commitments from a nationwide network of area developers to open an additional 1,000 stores over the next ten years.
For Investor Relations or information concerning opening a franchise please contact: Mr. Peter Brown, President Obee's Franchise Systems, Inc. 941-928-0073 [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.
Mr. Peter Brown, President of Obee's Franchise Systems, Inc., [phone],[e-mail] (C) 2007 PR Newswire. All rights reserved