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Quality Restaurant Ventures Announces Opening of New Orlando Restaurant

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casunboy   Sunday, 07/17/05 03:45:09 PM
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Quality Restaurant Ventures Announces Opening of New Orlando Restaurant
Friday July 15, 9:35 am ET

HEATHROW, Fla., July 15 /PRNewswire-FirstCall/ -- Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI - News) announced today that it has opened a new Sobiks Sub Shop restaurant at 4519 North Pine Hills Rd, in Orlando, Florida 32818. There are now over 40 locations in the popular sub chain, with several additional locations opening in the next six months.

"We are simultaneously moving Sobiks forward along several fronts," explained Dan Patterson, President of QRVI. "While we have continued to develop new franchises for our core brand, Sobiks Sub Shops, we're also expanding our Sobiks Cafe and Sobiks Express concepts as well." Sobiks has been one of Central Florida's most popular quick-serve restaurants for over 30 years, often voted in local restaurant guides and newspapers as one of the area's best fast food franchises.

Sobiks Cafes are designed to be placed in downtown office buildings and suburban commercial centers with a minimum of 90% occupancy. They are sit-down as well as take-out and delivery restaurants that generally require a smaller footprint to operate. The Sobiks Express concept is tailored for convenience stores food operations.

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 opportunities. QRVI recently announced that it had begun a broad-based investor relations program.

Ultimate Franchise Systems Inc. has investments in 14 concepts totaling approximately 600 franchised restaurants throughout the United States.

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, 407-333-8587

Web site: http://www.qualityrestaurantventures.com

Source: Quality Restaurant Ventures Inc.

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