INDIANAPOLIS, Sept. 20 /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 25 unit Development Agreement for its dual-branded concept, Noble
Roman's Pizza and Tuscano's Italian Style Subs, for Sacramento County in
California. The Area Development Agreement includes a development schedule
requiring 25 franchise locations within the territory over the next five
years.
    Area Developers pay a development fee of $.05 per capita in their
development area, and receive 30% of the initial franchise fee and 2/7ths
of the royalty from the locations developed pursuant to their agreements.
The company retains all training and supervision responsibilities, and must
approve all franchisees and all locations. In order to maintain the rights
to develop the territory, each Area Developer has to meet the minimum
development schedule as stipulated in the Area Development Agreement.
Sacramento County has a population of approximately 1.2 million.
    During the last two months the Company previously announced the signing
of two other Area Development Agreements for its traditional, dual-branded
concept. One of those agreements calls for 49 units in 15 counties
surrounding the Greensboro-Winston-Salem-High Point area of North Carolina
and Virginia. The other agreement calls for 20 units in three counties near
Cincinnati, Ohio. All three Area Developers plan to open their first units
soon.
    Noble Roman's has sold over 1,400 franchises in 45 states from
coast-to- coast within the United States plus Guam. 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.
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 franchises and area development agreements for stand-
alone, traditional locations. To assist in accelerating this growth, the
company has recently filled three newly created positions with seasoned
industry executives. 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. In July,
the company announced 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, and 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 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 affect 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.

Link to this page: