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Jack in the Box Inc. Completes Sale of 25 Restaurants in Hawaii to Scanlan Management LLC.


SAN DIEGO -- Jack in the Box Inc. (NYSE NYSE

See: New York Stock Exchange
:JBX JBX Jack-In-The-Box (stock symbol) ) today announced that Scanlan Management, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 has acquired its 25 company-operated Jack in the Box(R) restaurants in Hawaii for approximately $19 million in cash. Along with this transaction, which was completed on Sept. 11, Chris Scanlan, president 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.  of Scanlan Management, signed a development agreement to add new Jack in the Box restaurants in Hawaii, the first of which is expected to open by Oct. 1.

"We're pleased to welcome to the Jack in the Box family such an experienced and well-respected franchise operator who can build upon our longstanding success in Hawaii," said Linda A. Lang Linda A. Lang is the Chairman and CEO of Jack in the Box.

Lang has an MBA from San Diego State University and a BS in finance from the Haas School of Business at the University of California, Berkeley. External links
  • Linda A.
, chairman and chief executive officer. "This transaction represents the first sale of an entire market since we announced our strategic initiative to expand franchising in 2002. We believe there is tremendous potential to continue leveraging franchising to expand the Jack in the Box brand in existing and new markets."

About Jack in the Box Inc.

Jack in the Box Inc. (NYSE:JBX), based in San Diego, is a restaurant company that operates and franchises Jack in the Box(R) restaurants, one of the nation's largest hamburger chains, with more than 2,000 restaurants in 17 states. The company also operates a proprietary chain of convenience stores called Quick Stuff(R), with approximately 50 locations, each built adjacent to a full-size Jack in the Box restaurant and including a major-brand fuel station. Additionally, through a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, the company operates and franchises Qdoba Mexican Grill Qdoba Mexican Grill (formerly known as Z-TECA Mexican Grill) is a chain of fast casual Fresh Mex restaurants in the United States serving Mexican-style cuisine. The company is owned by Jack in the Box. (R), an emerging leader in fast-casual dining, with more than 300 restaurants in 40 states. For more information, visit www.jackinthebox.com.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that are subject to substantial risks and uncertainties. These statements may be identified by the use of words such as "believe," "expects," "plans," "will," and other words of similar meaning.

The following are some of the factors that could cause the company's actual results to differ materially from those expressed in the forward-looking statements: delays in the opening of new or remodeled restaurants; costs that exceed projections; the uncertainty whether test results for products or facility enhancements are predictive of successful results on a larger scale; loss of sales due to restaurant closures related to blackouts or adverse weather conditions in the regions in which restaurants are located; changes in laws, regulations and accounting rules and interpretations; adverse economic and other local, national and international conditions or events which affect consumer confidence and spending. Further information about factors that could affect the company's financial and other results is included in the company's annual report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and its periodic reports on Forms 10-Q filed with the Securities and Exchange Commission. The information in this press release is as of September 13, 2006. The company undertakes no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Jack in the Box Inc. Completes Sale of 25 Restaurants in Hawaii to Scanlan Management LLC.
Publication:Business Wire
Geographic Code:1USA
Date:Sep 12, 2006
Words:499
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