Published:
Einstein Bros. Bagels Announces Signing of Franchise Development Agreement for San Antonio Area
LAKEWOOD, Colo., Aug. 20 /PRNewswire-FirstCall/ -- Einstein Noah
Restaurant Group (Nasdaq: BAGL) is pleased to announce the signing of a
multi-unit development agreement with restaurateur Charles Loflin to franchise
Einstein Bros.(R) Bagels restaurants and continue to expand the popular brand
inTexas.
Operating more than 32 restaurants of various fast casual brands
throughout the Southwestern region ofTexas, Mr. Loflin could add seven
Einstein Bros. restaurants to his franchise collection within the next five
years, specifically inBexar County which includes all of theSan Antonio
market. The first restaurant is scheduled to open in early 2009.
"The craveable food and comfortable atmosphere of the popular Einstein
Bros. brand fit in well with the neighborhood," said Mr. Loflin, new
franchisee of Einstein Bros. "I am pleased that we are planning to bring its
neighborhood friendly atmosphere and variety of great tasting menu items with
high-quality ingredients and quick casual service to the residents of the
area."
When the franchised restaurants open their doors, neighbors and guests in
San Antonio and communities throughoutBexar County will be able to fill their
breakfast, lunch and snack cravings with Einstein Bros.' menu, featuring
award-winning bagels and shmear varieties, made-to-order breakfast and lunch
sandwiches, Darn Good Coffee(R) and specialty coffee drinks, hearty soups,
fresh innovative salads, baked goods and decadent desserts.
"We believe that Charles is going to be a great franchisee for the
continued growth of our brand inTexas," said Kevin Kruse, vice president of
franchise development. "We are pleased to see Charles join the Einstein Bros.
family and are committed to supporting him and all of our franchisees, present
and future, as the system continues to grow."
Paul Carolan, senior vice president of franchising and licensing, added,
"Einstein Noah Restaurant Group is in growth mode. We anticipate that Charles
will help perpetuate our high name recognition throughoutTexas and his
franchises are expected to play a major role in our growth efforts going
forward."
There are 33 Einstein Bros. restaurants currently open in the state, 23
company-owned locations and 10 licensed venues.
About Einstein Noah Restaurant Group
Einstein Noah Restaurant Group is a leading company in the quick casual
restaurant industry that operates and licenses locations primarily under the
Einstein Bros. and Noah's New York Bagels brands and primarily franchises
locations under the Manhattan Bagel brand. The company's retail system
consists of approximately 600 restaurants in 36 states and theDistrict of
Columbia. It also operates a dough production facility. The company's stock is
traded on the NASDAQ under the symbol BAGL. Visit http://www.einsteinnoah.com
for additional information.
Forward looking statements
Certain statements in this press release constitute forward-looking
statements or statements which may be deemed or construed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "forecast," "estimate," "project,"
"plan to," "is designed to," "expectations," "intend," "indications,"
"expect," "should," "would," "believe," "target," "trend," "will be able," "is
going to be," "will play" and similar expressions and all statements which are
not historical facts are intended to identify forward-looking statements.
These forward-looking statements involve and are subject to known and unknown
risks, uncertainties and other factors which could cause the actual results or
achievements to differ from those expressed or implied by such forward-looking
statements. These factors include but are not limited to the following: the
ability of Mr. Loflin to build, open and successfully run Einstein Bros.
locations is dependent upon, among other factors, its ability to find suitable
locations, reach acceptable lease terms, have adequate capital, find available
contractors, obtain licenses and permits, locate and train staff appropriately
and properly manage the new restaurants. These and other risks are more fully
discussed in the Company's SEC filings.
Media Contact: Lisa Flando, Fishman Public Relations, 847-945-1300 x224,
lflando@fishmanpr.com
SOURCE Einstein Noah Restaurant Group
Copyright © 2009, PRNewswire
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Copyright © 2009, NewsBlaze,
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