All American Food Group Continues Dramatic Growth.SOUTH PLAINFIELD South Plainfield, borough (1990 pop. 20,489), Middlesex co., NE N.J.; inc. 1926. It is the seat of several research and consulting firms and has plants that make chemicals, plastics, spices and flavorings, cosmetics, rubber products, pigments, electrical machinery, , N.J.--(BUSINESS WIRE)--Aug. 26, 1997--All American Food Group (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AAFG), parent company of Goldberg's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Bagels, has announced a three tiered expansion plan which will help it double in size within the next 90 days. The upcoming expansion plan includes 13 new franchise openings, 6 conversions, and 10 acquisitions. Stores are now under construction in Allentown, Penn.; White Plains, N.Y.; Baltimore (2); Buffalo Grove Buffalo Grove A village of northeast Illinois, a suburb of Chicago. Population: 43,300. , Ill.; and Hamden, Conn. Conversions have begun in Hamilton, N.J.; Milford, Conn.; Toledo, Ohio
In December 1996, All American went public as an 11 store chain. Since then, the number of Goldberg's stores has doubled to 25 in seven states. Within the next 90 days, Goldberg's will double again, making it one of the fastest growing bagel chains in the country. Goldberg's has been in continuous operations since 1938, featuring a traditional old-world, boiled and baked bagel recipe. Goldberg's also occupies a unique retail niche in that it is the only national bagel chain that offers franchisees their choice of either a traditional deli or a fully kosher kosher [Heb.,=proper, i.e., fit for use], in Judaism, term used in rabbinic literature to mean what is ritually correct, but most widely applied to food that is in accordance with dietary laws based on Old Testament passages (primarily Lev. 11 and Deut. 14). store. "Our mission at All American is very simple," says Andrew Thorburn, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of All American, "To become a leading and profitable franchise company in the bagel segment of the fast food industry. Our growth and momentum, plus our deep and talented staff are leading us toward the accomplishment of our mission. We offer our franchisees tremendous flexibility within a program that works well for them economically. Our stores are the right size, they offer an excellent menu, and they produce an outstanding, top quality, authentic bagel, all of which contribute to our successful growth." "The fact that we are a public company ensures our financial strength and visibility, and our momentum has generated great interest and enthusiasm. Our new franchisees, conversion, and acquisitions are launching All American into the category of the major bagel franchisors in the U.S., and our rapidly growing list of new store openings reflect that momentum." AAFG, traded on NASDAQ as AAFG, recently moved to an expanded 22,000 square foot headquarters in South Plainfield, N.J. where in addition to its executive offices, it will feature a prototype Goldberg's retail store as well as warehouse and production facility for Goldberg's proprietary equipment and supplies. For additional information or questions regarding a Goldberg's New York Bagels franchise, call 800/922-4350. CONTACT: Continental Capital & Equity Corp. Jimmy Holton, 407/875-1110 URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.insidewallstreet.com KEWYORD: NEW JERSEY INDUSTRY KEYWORD: FOODS/BEVERAGES RESTAURANTS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion