Franchisee Plans to Open Three Restaurants in Five Years in Tyler, Texas
LAKEWOOD, Colo., June 18 /PRNewswire-FirstCall/ -- Einstein Noah
Restaurant Group, Inc. (Nasdaq: BAGL) announced today the signing of a
multi-unit development agreement with Wilbur and Matt McKinney to franchise
Einstein Bros.(R) Bagels restaurants and continue to expand the popular brand.
Based in Tyler, Texas, the McKinneys plan to open three Einstein Bros.
restaurants within the next three years in the Tyler market. The Einstein
Bros. locations will be part of the family's franchise portfolio, which
includes the Smoothie King brand.
"As experienced franchise investors, we are excited to be adding a brand
such as Einstein Bros. to our investment portfolio," said Wilbur McKinney.
"With a distinctive flare to its look and a variety of craveable menu items
that are made from high quality ingredients, we couldn't be more pleased about
becoming multi-unit, multi-brand franchise owners with this concept."
When the franchised restaurants open their doors, neighbors and guests in
Tyler will be able to fill their breakfast, lunch and snack cravings with
Einstein Bros. Bagels' 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.
"The McKinneys are a great example of the type of experienced restaurant
operators that have signed on to open Einstein Bros. franchise locations,"
said Kevin Kruse, vice president of franchise development for Einstein Noah
Paul Carolan, senior vice president of franchising and licensing for
Einstein Noah Restaurant Group, added, "We believe that executing our
aggressive growth phase with franchise partners such as Wilbur and Matt is a
sign that we are attracting high quality investors."
About Einstein Noah Restaurant Group
Einstein Noah Restaurant Group Inc. 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 the District
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.
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 the developers 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.
Contact: Peter Jakel, (303) 568-8113
SOURCE Einstein Noah Restaurant Group, Inc.
/CONTACT: Peter Jakel of Einstein Noah Restaurant Group, Inc.,
/Web site: http://www.einsteinnoah.com /
CO: Einstein Noah Restaurant Group, Inc.
IN: REA FOD
-- LAW023 --
4536 06/18/2008 08:00 EDT http://www.prnewswire.com