Dallas, TX (PRWEB) November 7, 2007
Dixie Lee International Industries, Inc. (DLII), a growing master franchisor with more than 80 restaurants and over 40 years of continuous operations, announced today that it has acquired the assets of several "Dixie Lee" related private Canadian corporations and Dixie Lee Food Systems (USA), Inc., a privately held New York corporation.
The acquisition is final and the Company is now the master franchisor of over 80 Dixie Lee restaurants strategically positioned, primarily in Eastern Canada, with stores from coast to coast. The transaction was undertaken with the specific aim of expanding the Company's presence, as well as to develop an even greater franchisee network. The Canadian company began operations in 1964 and has been successfully operating for over 43 years with chicken, fish and ribs as the signature food items.
Dixie Lee has three concepts designed to meet the consumers' demand for fast, quality, economical meals. The Dixie Lee family restaurants range from 1800 to 2500 square feet. The take-out with convenience seating units typically range from 1500 to 2000 square feet. The take-out dedicated units range from 800 to 1000 square feet.
Joe Murano, Dixie Lee CEO, said, "This is an important benchmark in the growth of our company. Our acquisition is complete and the quotation of Dixie Lee International Industries' common stock on the public market puts us in an excellent position to gain additional exposure for our company and for our projects as we move to execute our strategic development plan. Our goal is to enhance shareholder value and we believe the best way to achieve this is simply by enhancing Dixie Lee's strengths."
For more information, please contact:
About Dixie Lee
The originating corporate entity, Dixie Lee Food Systems, Ltd. was founded in Belleville, Ontario and has been in operation since 1964. Dixie Lee's operation expanded from being a food service product distributor, to operating initially 8 stores, in 1979, to more than 35 stores in Ontario by 1987. In 1988, Dixie Lee Food Systems, Ltd., began selling franchises and has expanded to over 80 franchised outlets from coast to coast in Canada. Dixie Lee International Industries, Inc., acquired the parent company's USA subsidiary, Dixie Lee Food Systems (U.S.A.) Ltd. In June, 2007, with the purpose of expanding additional franchise opportunities in the United States and abroad. Dixie Lee International Industries, Inc. is currently developing new franchise opportunities based upon the proven and successful track record of the founding corporation, which has over 80 stores/franchises throughout Canada.
Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only and is not an offer or solicitation to buy or sell the securities.