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Source: Unique Pizza and Subs
Unique Pizza and Subs Receives Commitment For 25 Locations in North Carolina
PITTSBURGH, July 13, 2007 (PRIME NEWSWIRE) -- Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a Delaware Corporation, is pleased to announce a commitment to open 25 stores in North Carolina and South Carolina. LKN Investment Partners LLC, made up of Raymond Monroe, David Koran and Dr. Michael Chandler, has committed to open 25 Unique Pizza and Subs locations in North and South Carolina over the next 36 months. LKN has also purchased the rights for "first right of refusal" in these two states and plans to open 50 plus locations with the first 5 expected to open by the end of 2007. "We are excited to be associated with such a great organization that is filled with many knowledgeable people. As loyal shareholders it was an easy decision to get involved in such a progressive endeavor with a fine company like Unique Pizza and Subs," stated Raymond Monroe.
William J. Vowler, Vice President and General Manager of UPZS, stated, "This is a huge commitment from a well qualified group of people that have showed us strong desires and dedication to open many Unique locations. We started building loyal Unique Pizza and Subs customers in the North Carolina market in February, with a location in Mooresville and we embrace this opportunity to continue our success by adding many more new locations throughout the state. This commitment is a strategic part of our overall revised growth strategy for our company."
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