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Re: Chargir post# 1163

Tuesday, 10/30/2007 10:19:54 PM

Tuesday, October 30, 2007 10:19:54 PM

Post# of 6773
Spicy Pickle Announces Two New Restaurants in Two New States

New Openings Mark the 29th and 30th Restaurants Opened

DENVER, CO -- (MARKET WIRE) -- 10/22/07 -- Spicy Pickle(R) fast casual restaurants (OTCBB: SPKL) today announced two new restaurants have opened bringing the current total to 30 open restaurants.

The two new restaurants represent the first Spicy Pickle restaurants in their respective states, exposing the brand in new geographic areas.

The restaurant in Hattiesburg, Mississippi opened today October 22, 2007, and is the first Spicy Pickle opened in the South East region of the United States. The restaurant is located at 6156 HWY 98, Suite 100, Hattiesburg, MS 39402.

The Hattiesburg franchisee has committed to a total of three restaurants in the area.

The second restaurant in Fishers, Indiana opened on October 19, 2007. Located in the Indianapolis metropolitan area, this restaurant is the first of ten scheduled to open in the area. It is located at 8235 E. 116th St. Fishers, IN 46038.

Marc Geman, CEO of Spicy Pickle(R) Franchising, Inc., commented: "We are excited to open these restaurants in new geographic regions. We look forward to offering Spicy Pickle cuisine to new customers who have never had the opportunity to enjoy our food, and hope to expand rapidly in these new regions."

By the end of 2007, Spicy Pickle(R) anticipates opening approximately 8-10 more units, bringing its network to approximately 40 restaurants in 13 states. Over 50 additional franchise development agreements have also been signed.

In addition to its franchise activity, Spicy Pickle(R) currently has a breakfast menu in test, potentially opening a new daypart for the chain. The company is also building a major commissary in Denver to cost-effectively supply its local restaurants with artisan breads and sweet treats, baked daily according to Spicy Pickle's high standards. All other restaurants nationwide will continue to bake their artisan breads in-house. The Denver commissary is expected to open by the end of the year.


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