Blimpie International expects to report record revenues and earnings for the year.NEW YORK--(BUSINESS WIRE)--August 16, 1995--Anthony Conza, chairman and 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. , said that Blimpie International Inc. (NNM NNM Network Node Manager NNM NASDAQ National Market (financial) NNM National Nutrition Month (March; American Dietetic Association) NNM Naryan-Mar (Russia) NNM Net New Money :BMPE BMPE Black Market Peso Exchange ), expects to report record sales and earnings for the fiscal year ending June 30, 1995. He indicated that subject to completion of its annual audit, the company estimates that total revenues for this fiscal year were more than $26 million, compared to approximately $16.5 million during its last fiscal year. Net income is estimated to be more than $2.3 million compared to approximately $1.3 million last fiscal year. Based on these estimates, the company believes that earnings per share were approximately $.27 compared to approximately $.16 during the last fiscal year. Year end audited results will be released within 30 days. Conza said that the projection of record results, for the seventh consecutive year was based on accelerated outlet openings, a record number of franchises awarded, and an increase in average unit volumes. He remarked, "The momentum generated by the 444 franchises granted in fiscal 1994 has been accelerated. In fiscal 1995, we awarded 792 franchises, leaving a considerable backlog of outlets awaiting development. In the fiscal year we also opened 390 outlets as compared to 224 last year." "As of June 30, 1995, there were 986 outlets operating as franchises of Blimpie International Inc. Recently, we celebrated the opening of our 1000th outlet. For the fiscal year 1995, same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of were up 3.3% and systemwide sales grew by 44%." Conza continued, "Fiscal '96 is shaping up to be another exciting year. The August 7, 1995 issue of Nation's Restaurant News, the industry's leading trade publication, ranked the Blimpie Chain as the #1 restaurant chain (includes approximately 140 outlets not affiliated with the Company) in two growth categories - in U.S. franchise outlets and total number of U.S. outlets. Currently about 40 new outlets a month are opening. Also, we recently signed up our first international franchise in Sweden." BLIMPIE International Inc. is the nation's second leading submarine submarine, naval craft capable of operating for an extended period of time underwater. Submarines are almost always warships, although a few are used for scientific or business purposes (see also submersible). sandwich chain with over 1000 outlets operating in 44 states. CONTACT: BLIMPIE International Inc. Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Sitkoff, 800/447-6256, ext. 11 or Kirshenbaum, Bond & Partners AnnaBelle Freeman Freeman can mean:
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