INDIANAPOLIS, Aug. 10 /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 earnings
for the quarter ended June 30, 2006. For the three months ended June 30,
2006, the company reported a net income of $435,870, or $.03 per share, on
16.3 million weighted shares outstanding. This compares to a net income of
$111,140, or $.01 per share, on 17.1 million weighted shares outstanding
for the three months ended June 30, 2005. Total revenues for the three
months ended June 30, 2006 were $2,315,620 compared to $2,161,786 for the
same period in 2005.
For the six months ended June 30, 2006, the company reported net income
of $840,435, or $.05 per share, compared to a net income for the six months
ended June 30, 2005 of $489,511, or $.03 per share. Total revenues for the
six months ended June 30, 2006 were $4,611,177 compared to $4,212,724 for
the same period in 2005.
During the last two weeks the company has announced the signing of two
Area Development Agreements, along with the receipt of the development
fees, for its traditional, dual-branded concept, Noble Roman's Pizza and
Tuscano's Italian Style Subs. One agreement 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. Both 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.
As in the past several years, 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. 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 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.
| |
SOURCE Noble Roman's, Inc.
 back to top
CONTACT:
Media Information: Scott Mobley, President,
+1-317-634-3377, Investor Relations: Paul Mobley, Chairman & CEO,
+1-317-634-3377, both of Noble Roman's, Inc.
| |
|
