Worldwide Restaurant Concepts, Inc. Announces Joint Venture With the Minor Group
20 11월 2004 - 7:18AM
PR Newswire (US)
Worldwide Restaurant Concepts, Inc. Announces Joint Venture With
the Minor Group SHERMAN OAKS, Calif., Nov. 19
/PRNewswire-FirstCall/ -- Worldwide Restaurant Concepts, Inc.
(NYSE:SZ) announced that it has entered into a joint venture
agreement with the Minor Food Group Pcl, a subsidiary of Royal
Garden Resorts Pcl, to develop franchise opportunities for Sizzler
restaurants in China. Two franchised restaurants are expected to be
operating in the country within the next twelve months. "With China
continuing as a burgeoning economic powerhouse, Sizzler's
development in this country is a natural and logical extension of
the presence we already have in the Pacific Rim with franchised
restaurants in Thailand, Japan, South Korea, Singapore and Taiwan,"
said Chuck Boppell, CEO of Worldwide Restaurant Concepts. "The
joint venture agreement allows for the franchising of Sizzlers
throughout China. Accordingly, the joint venture has executed a
multi-unit franchise agreement with Beijing LeJazz Food &
Beverage Co. Ltd. to develop up to ten Sizzler restaurants in
Beijing over the next five years," concluded Mr. Boppell. "We are
excited to be able to partner with a well established and
recognized business leader in the rapidly growing Asian market. For
Sizzler, we feel this is a significant step in our on-going
international expansion," said Mr. Boppell. Royal Garden Resorts
Pcl is a leading Asia-Pacific hospitality and food service operator
and its subsidiary, The Minor Food Group, is Thailand's largest
food service operator with over 456 outlets system wide under many
well recognized brand names including Sizzler. About Worldwide
Restaurant Concepts Worldwide Restaurant Concepts, Inc. operates,
franchises or joint ventures 306 Sizzler(R) restaurants worldwide,
112 KFC(R) restaurants located primarily in Queensland, Australia,
and 23 Pat & Oscar's(R) restaurants. Additional information
about the Company can be found at http://www.wrconcepts.com/. To
the extent that certain statements contained in this document may
be deemed under federal securities laws to be forward-looking
statements, Worldwide Restaurant Concepts intends that they be
subject to the safe-harbor applicable to forward-looking statements
under such laws. AT THE COMPANY: Keith Wall Liz Baskerville Vice
President and CFO Director, Planning (818) 662-9800 (818) 662-9800
AT Financial Relations Board: Laurie Berman Tricia Ross General
Information Investor/Analyst Contact (310) 854 - 8315 (617)
520-7064 DATASOURCE: Worldwide Restaurant Concepts, Inc. CONTACT:
Keith Wall, Vice President and CFO, +1-818-662-9800, or Liz
Baskerville, Director, Planning, +1-818-662-9800, both of Worldwide
Restaurant Concepts, Inc.; or Laurie Berman, General Information,
+1-310-854-8315, or Tricia Ross, Investor/Analyst Contact,
+1-617-520-7064, both of Financial Relations Board, for Worldwide
Restaurant Concepts, Inc. Web site: http://www.wrconcepts.com/
Copyright
Worldwide Restaurant Concepts (NYSE:SZ)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Worldwide Restaurant Concepts (NYSE:SZ)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
Worldwide Restaurant Concepts (뉴욕 증권거래소)의 실시간 뉴스: 최근 기사 0
More Worldwide Rest Cons News Articles