INDIANAPOLIS, Aug. 3 /PRNewswire-FirstCall/ -- Noble Roman's, Inc. (OTC
Bulletin Board: NROM), the Indianapolis based franchisor of Noble Roman's
Pizza and Tuscano's Italian Style Subs, today announced the signing of a 20
unit Development Agreement for its dual-branded concept, Noble Roman's
Pizza and Tuscano's Italian Style Subs, for Butler, Clermont and Warren
Counties in Ohio, all near Cincinnati. The Development Agreement requires
the developer to maintain a development schedule which requires the
development of 20 franchises within the territory over the next five years.
Noble Roman's has sold over 1,400 franchises in 45 states from
coast-to- coast within the United States. In addition, it has sold
franchise agreements for military bases in Puerto Rico, Guam and Italy, and
for entertainment facilities and convenience stores in Canada. As in the
past several years, under the strategic leadership and sales efforts of
Troy Branson, Executive Vice President of Franchising, the company plans to
continue its focus of awarding franchise agreements for both Noble Roman's
Pizza and Tuscano's Italian Style Subs in non-traditional venues. These
include hospitals, military bases, water parks, universities, convenience
stores, attractions, entertainment facilities, casinos, airports, travel
plazas, office complexes and hotels.
In addition, the company recently began offering dual-branded Noble
Roman's and Tuscano's for stand-alone, traditional locations. In April, the
company announced the hiring of Mr. Peter Ortiz, a sales executive with 17
years concentration in high volume franchise sales, as National Director of
Franchise Development and, in July, the hiring of Mr. Don Waldman, a real
estate executive with over 24 years experience in site selection and
development, as national Director of Real Estate, to assist in accelerating
that growth. Additionally, the Company just recently announced the hiring
of Mr. Patrick Melton, a seasoned corporate executive with over 30 years
experience in the restaurant business, as Vice President of Operations. The
Company is also marketing development territories to Area Developers for
the growth of its traditional dual-branded concept. Area Developers would
have the exclusive right to develop the dual-branded traditional concept in
their area, subject to company approval on each franchisee and location.
The statements contained in this press release concerning the company's
future revenues, profitability, financial resources, market demand and
product development are forward-looking statements (as such term is defined
in the Private Securities Litigation Reform Act of 1995) relating to the
company that are based on the beliefs of the management of the company, as
well as assumptions and estimates made by and information currently
available to the company's management. The company's actual results in the
future may differ materially from those projected in the forward-looking
statements due to risks and uncertainties that exist in the company's
operations and business environment including, but not limited to:
competitive factors and pricing pressures, shifts in market demand, general
economic conditions and other factors, including (but not limited to)
changes in demand for the company's products or franchises and the impact
of competitors' actions. Should one or more of these risks or uncertainties
adversely effect the company or should underlying assumptions or estimates
prove incorrect, actual results may vary materially from those described
herein as anticipated, believed, estimated, expected or intended.
SOURCE Noble Roman's, Inc.
back to top
CONTACT: A. Scott Mobley, President of Noble Roman's, Inc., +1-317-634-3377
|