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Spicy Pickle(TM) Announces the Grand Opening of Its Most Recent Restaurant in Brooklyn Heights, New York
Spicy Pickle Franchising, Inc. (OTCBB: SPKL)
fast-casual restaurants announced today that the grand opening of its most
recent restaurant at 143 Montague Street, Brooklyn Heights, New York was
held on August 14, 2008. The new restaurant marks the 15th state for Spicy
Pickle(TM) and the first location in New York. Spicy Pickle(TM) is quickly
gaining a nationwide reputation for its exotic paninis, salads, subs and
Neapolitan-style, thin crust pizzetti pizzas, featuring natural fresh
ingredients served on handcrafted artisan breads -- all combined with warm
and welcoming service and a comfortable local atmosphere.
Spicy Pickle(TM) restaurants are at the forefront of today's fast casual
dining trend, combining unique and innovative breakfast, lunch and dinner
items with prices that are below that of typical casual restaurants. In
addition to its in-store selections, this location offers a full range of
catering services.
The phone number is (347) 463-9403 and the fax is (347) 463-9840. The
email is pickle15@spicypickle.net. Hours are Monday - Sunday 7:00 am -
10:00 pm.
The Company also announced the closing of the Sacramento, California
restaurant earlier this month. This restaurant was located at the State
Capitol Complex to mainly serve California State employees. Unfortunately,
due to recent pay cuts and layoffs among the state employees sales were
adversely affected and this franchise restaurant was unable to achieve
profitability. Prior to this store closing, the new Brooklyn Heights
restaurant would have marked the 43rd restaurant opening. With the
Sacramento closing, the current Spicy Pickle(TM) restaurant count is 42.
Marc Geman, CEO of Spicy Pickle Franchising, Inc., commented: "We are
extremely pleased to open our first restaurant in New York in the historic
Brooklyn Heights neighborhood. This premier location has high-volume
traffic and meets our demographics which include large daytime populations
with administrative and professional concentrations. Home to the original
deli sandwich, we are optimistic that our concept will be overwhelmingly
accepted in New York and anticipate continued expansion throughout the
state. With an additional 85 pre-sold stores nationwide, we look forward
to our continued domestic expansion."
About Spicy Pickle(TM):
Founded in 1999, Spicy Pickle Franchising, Inc. (OTCBB: SPKL) serves high
quality meats and fine artisan breads, baked fresh daily, along with a wide
choice of eight different cheeses, twenty-two different toppings, and
fourteen proprietary spreads to create healthy and delicious panini and sub
sandwiches with flavors from around the world. As a leading "fast-casual"
concept, Spicy Pickle(TM) offers menu items that are far beyond traditional
fast food -- but without the price point of casual dining. The hallmark of
a Spicy Pickle(TM) restaurant is quality, service and an enjoyable
atmosphere. The company is headquartered in Denver, Colorado, with
restaurants open or under construction across 16 states and many more in
development nationwide. To find out more about Spicy Pickle (OTCBB: SPKL),
visit our website at www.spicypickle.com/.
Spicy Pickle Fact Sheet:
www.spicypickle.com/pdfs/sp_factsheet.pdf
Forward-Looking Statements:
Certain statements in this press release, including statements regarding
the number of restaurants we intend to open, are forward-looking
statements. We use words such as "anticipate," "believe," "could,"
"should," "estimate," "expect," "intend," "may," "predict," "project,"
"target," and similar terms and phrases, including references to
assumptions, to identify forward-looking statements. The forward-looking
statements in this press release are based on information available to us
as of the date any such statements are made and we assume no obligation to
update these forward-looking statements. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those described in the statements. These risks and
uncertainties include, but are not limited to, the following: factors that
could affect our ability to achieve and manage our planned expansion, such
as the availability of a sufficient number of suitable new restaurant sites
and the availability of qualified franchisees and employees; risks relating
to our expansion into new markets; the risk of food-borne illnesses and
other health concerns about our food products; changes in the availability
and costs of food; changes in consumer preferences, general economic
conditions or consumer discretionary spending; the impact of federal, state
or local government regulations relating to our franchisees and employees,
and the sale of food or alcoholic beverages; the impact of litigation; our
ability to protect our name and logo and other proprietary information; the
potential effects of inclement weather; the effect of competition in the
restaurant industry; and other risk factors described from time to time in
our SEC reports.
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