Meritage Reports Acquisition of Wendy's Restaurants and New Restaurant Developments
10 12월 2013 - 10:00PM
Marketwired
Meritage Reports Acquisition of Wendy's Restaurants and New
Restaurant Developments
GRAND RAPIDS, MI--(Marketwired - Dec 10, 2013) - Meritage
Hospitality Group, Inc. (OTCQX: MHGU), one of the nation's premier
restaurant operators, today announced it has acquired four
additional Wendy's restaurants in Jacksonville, FL, began
development on its second Wendy's "image activation" remodel in Mt
Zion, GA, and commenced construction of a Wendy's restaurant in
Jacksonville FL, scheduled to open in the spring of 2014.
"We wish to welcome our many new employees in Jacksonville, FL
to the Meritage family," stated Robert E. Schermer, Jr., CEO of
Meritage. The Company plans to implement major capital improvements
in the newly acquired Wendy's locations, beginning with the
installation of the Company's comprehensive back-of-house operating
and accounting systems, along with key brand initiatives designed
to contemporize the total guest experience. "Reimaging and
modernization of Wendy's restaurants remains a hallmark of our
growth strategy and future workforce opportunities," added Mr.
Schermer.
Meritage is a growth oriented restaurant company focused on the
development of new restaurants and operating efficiencies through
its web-based operating platform. The Company continues to invest
in people and infrastructure to support the long-term fundamentals
of the Wendy's restaurant brand transformation. The Company
operates 118 quick service and casual dining restaurants in six
states including Florida, Georgia, Michigan, North Carolina, South
Carolina and Virginia.
The Company is headquartered in Grand Rapids, MI and employs a
workforce of approximately 3,900 people. The Company's public
filings can be viewed at www.otcqx.com under the stock symbol MHGU,
or at the Company's website, www.meritagehospitality.com.
SAFE HARBOR STATEMENT Certain
information in this news release, particularly information
regarding future economic performance and finances, and plans,
expectations and objectives of management, constitutes
forward-looking statements. Factors set forth in our Safe Harbor
Statement, in addition to other possible factors not listed, could
affect the Company's actual results and cause such results to
differ materially from those expressed in forward-looking
statements. Please review the Company's Safe Harbor Statement
at www.meritagehospitality.com.
Meritage Hospitality (QX) (USOTC:MHGU)
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Meritage Hospitality (QX) (USOTC:MHGU)
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