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Quality Restaurant Ventures Projects Company Growth Similar to 2004

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casunboy   Wednesday, 07/06/05 02:50:26 PM
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Quality Restaurant Ventures Projects Company Growth Similar to 2004
Wednesday July 6, 10:05 am ET

HEATHROW, Fla., July 6 /PRNewswire-FirstCall/ -- Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI - News) said today that recent changes in company operations along with continuing discussions with potential new affiliates are preparing QRVI for growth similar to the company's three-fold expansion during 2004.
In a prepared statement, Christopher Swartz, QRVI CEO, said: "Our management team compared Quality Restaurant's exponential growth during 2004 to our current market value and decided to make small adjustments, which we believe will yield positive results."

During 2004, Quality Restaurant Ventures Inc.:

1. Invested in Westshore Pizza, based in Tampa, Florida.

2. Invested in Famous Food Group Inc. (OTC Pink Sheets: FFDG - News) a/k/a Famous Uncle Al's Hot Dogs with 10 fast food units.

3. Opened four new Sobiks Subs restaurants during 2004.
4. Opened six new Westshore Pizza restaurants during 2004.
5. Opened four new Famous Uncle Al's Hot Dogs during 2004.

Recently QRVI initiated changes in management and operational structure to streamline the decision-making process and decrease duplicate expenditures in its affiliates. "Our new structure brings more day-to-day decisions to the attention of the executive management team," explained Dan Patterson, QRVI Director of Operations. "We know what the other affiliates are working on and can now eliminate duplicate expenditures while increasing cross-brand marketing opportunities."

About Quality Restaurant Ventures Inc.

Quality Restaurant Ventures Inc., along with its affiliate Ultimate Franchising Systems Inc., identifies and prepares smaller regional restaurant concepts with high growth potential for transition to franchise opportunity businesses. Quality first invests in the franchise system, then assists in consolidating and unifying their legal, accounting, marketing and purchasing systems. This establishes a more significant infrastructure for these companies to achieve their long-term growth and competitive strategies.

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. Ultimate Franchise Systems Inc., Obee's Franchise Systems Inc. and Quality Restaurant Ventures 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.

CONTACT: Dan Patterson, Quality Restaurant Ventures Inc., 407-333-8587


Source: Quality Restaurant Ventures Inc.

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