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TOPPERS TO PURSUE FRANCHISE OPPORTUNITIES (TBOP)
Toppers Brick Oven Pizza, Inc. (TBOP BB) acquires franchise consulting company and appoints Director of Franchise Operations.
TOPPERS TO PURSUE FRANCHISE OPPORTUNITIES.
(TBOP BB)
Toppers Brick Oven Pizza, Inc. announces that the Company has signed an agreement to acquire Franchise Development, Inc., a Virginia Beach, VA company and has retained Mr. Richard Michael to serve as Director of Franchise Operations.
Franchise Development, Inc. provides professional consulting services in the franchise industry. As President of Franchise Development, Inc. Mr. Richard Michael was responsible for marketing franchise opportunities and arranging financing and acquisitions on behalf of clients. Mr. Michael has over 30 years experience in the franchise industry, primarily in the food service sector. Prior to serving as President of Franchise Development, Inc. Mr. Michael had served in various management positions in the industry. Mr. Michael was responsible for numerous successful business mergers and acquisitions including the acquisition of a 70 unit restaurant chain by a company for which he held the position of President
"Toppers has been seeking acquisition and marketing opportunities in the franchised food service market segment. There are more than 500,000 franchise businesses in the United States, generating sales revenues of $ 800 billion per year. Sales revenues from franchising operations account for almost 50 percent of the nation's retail sales. The opportunities are significant. The appointment of Mr. Michael as Director of Franchise Operations is part of an overall strategy to develop a new management team that will enable Toppers to benefit from opportunities in the franchise industry. We are enthusiastic about the appointment and we are confident that Mr. Michael can provide the leadership and expertise that will enable Toppers to successfully move forward in this new direction. We expect that Toppers will benefit from the relationships that have already been established by Franchise Development, Inc." said Paul Esposito, President of Toppers Brick Oven Pizza, inc.
Mr. Michael said "My experience and relationships within the industry will be useful to help develop the management, marketing, promotional and administrative resources that Toppers will require to compete successfully in the marketplace. I am confident that we will soon enter the franchise industry through acquisition or other business arrangements. There are many fine companies with solid and proven business concepts that require additional marketing resources and franchising expertise to realize their full potential. Our immediate advantage is that promising opportunities have already been identified through Franchise Development, Inc. and an agressive campaign to pursue them is underway."
Contact Mr. Richard Michael 800-729-6307
A number of statements contained in this press release may be forward-looking statements which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that may be achieved could differ materially from any forward-looking statements due to such risks and uncertainties.
Any investment should be considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. Contact the company for further details concerning these risks and uncertainties.
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