Elephant & Castle Signs Additional Franchise Agreement.MINNEAPOLIS--(BUSINESS WIRE)--March 2, 1999--Elephant & Castle Group Inc. (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 :PUBSF, PACIFIC:PUB) today announces the completion of an area development agreement between Elephant & Castle International and the Jelin Corporation. The agreement is for the Company's Elephant & Castle British-style pub concept and signals further United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. development for the concept and Company. The Company announced that the Jelin Corporation, based in Pittsburgh, has signed an agreement to develop and operate three new Elephant & Castle pub-style restaurants over the next six years. The first restaurant will be located in Grove City, Pennsylvania Grove City is a borough in Mercer County, Pennsylvania, approximately 50 miles north of Pittsburgh. It is the home of Grove City College, a Christian liberal arts college founded in 1876. and is expected to open third quarter of this year. The remaining units will open in 2002 and 2005. Jelin Corporation, President and Chief Executive Officer, Rodger Lindh, commented, "The addition of this popular and unique concept complements my current portfolio of businesses quite nicely, and we are very excited to begin construction and open our units." Mr. Lindh is an experienced restaurant franchise operator who currently operates five Arby's Restaurants as well as Forta Corporation, a manufacturer of synthetic polypropylene fibers for concrete reinforcement. Martin O'Dowd, President and Chief Executive officer of Elephant & Castle Group Inc., commented, "The additional United States expansion of our British pub concept proves that this concept continues to be well received, and the relationship with Mr. Lindh and his team will only strengthen our visibility in the marketplace." He further noted, "The Company will continue to remain focussed on identifying new strategies and opportunities to grow our business." The Elephant & Castle British-style pubs feature signature comfort foods from Britain and great American favorites. The pubs carry a wide variety of imported beers, ales and a large selection of single malt scotches. The restaurant's ambiance am·bi·ance also am·bi·ence n. The special atmosphere or mood created by a particular environment: "The noir ambience is dominated by low-key lighting . . . is traditional English Tudor style Tudor style, descriptive of the English architecture and decoration of the first half of the 16th cent., prevailing during the reigns (1485–1558) of Henry VII, Henry VIII, Edward VI, and Mary I. , quaintly decorated throughout with authentic bric-a-brac. Elephant & Castle(R) Group Inc. is the largest operator of authentic British-style pubs in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In addition, the Company owns and operates a Southwestern-theme restaurant concept called Alamo Alamo Eighteenth-century mission in San Antonio, Texas, site of a historic siege of a small group of Texans by a Mexican army (1836) during the Texas war for independence from Mexico. Grill(TM). These two concepts are franchised throughout the United States and Canada. Elephant & Castle also has a joint venture agreement with Rainforest Cafe Rainforest Cafe is a themed restaurant chain owned by Landry's Restaurants, Inc. of Houston, Texas. It was founded and created by entrepreneur Steven Schussler. Description Inc. to develop, own and operate the Rainforest Cafe restaurant and retail facilities in Canada. |
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