Burlington Based International Restaurant Franchisor Enters Contract To Sell Plaza Property.BURLINGTON, ONTARIO--(BUSINESS WIRE)--July 9, 1998-- Heritage Concepts International Cites Aggressive Growth Strategy As Reason For Sale Heritage Concepts(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 :HCIFF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :HCI (Human Computer Interaction) Refers to the design and implementation of computer systems that people interact with. It includes desktop systems as well as embedded systems in all kinds of devices. .) Heritage Concepts International Inc., is pleased to announce that it has executed a firm contract to sell a shopping plaza shopping plaza Noun a shopping centre, usually a small group of stores built as a strip on Dundas Street in Oakville, Ontario. The contract is valued at $4.125 million, and has been sold to an Alberta based Real Estate Investment Fund. The transaction is scheduled to close on August 4, 1998. Heritage purchased the property from Churchill Heights Properties on September 4, 1997. H.C.I. Chairman and C.E.O., Jerry Janik, is excited about the sale. "We reached our projections on this property two years early and the revenue that this sale generates," said Janik, "will provide the initial capital that Heritage Concepts requires for its aggressive growth plans." Heritage Concepts International is a major international restaurant franchisor; capitalizing on 26 years of solid experience, currently operating restaurants under its Trade Marks TRADE MARKS. Signs, writings or tickets put upon manufactured goods, to distinguish them from others. 2. It seems at one time to have been thought that no man acquired a right in a particular mark or stamp. 2 Atk. 484. , The Great Canadian Soup Company, Grandma Lee's and My Bagel, in Canada the U.S.A. and Australia. Shares of Heritage Concepts are publicly traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol of HCI and on NASDAQ as HCIFF. For investor information, please contact Joan Ulrich at 905/634-4111, ext. 39.
CONTACT: Heritage Concepts International Inc.
Jerry Janik, 905/634-4111
905/634-1101 (FAX)
info@heritageintl.com
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