Miami Subs expands non-traditional development.
The newest addition to the growing number of non-traditional Miami Subs restaurants is operated by CA One Services Inc., one of the nation's largest airport food service companies and a division of Delaware North Companies Inc.
In addition to this new unit, CA One also operates the highly successful Miami Subs Grill restaurant located at the Newark International Airport, and will be opening the first Miami Subs Express unit in the Nashville Airport as well as a second satellite unit at the Fort Lauderdale-Hollywood International Airport. The company expects that CA One will also be including Miami Subs at other airport locations that it is now bidding on.
Miami Subs restaurants are also located at the Atlanta Hartsfield International Airport and the Charlotte International Airport.
"With this opening, Miami Subs restaurants are now operating at four major airport locations, all of which bring us increased visibility and broad exposure to new customers and potential national and international franchisees," said Thomas J. Russo, chairman, president and chief executive officer of Miami Subs.
In addition to these airport locations and non-traditional restaurants that are operating in convenience stores, the first Miami Subs Express unit to be located in a retail location is now under development by a long-time multi-unit franchisee. This new unit will be located in a BrandsMart retail outlet in Miami. Also, the first Miami Subs unit to be located in an office building complex is under development by Service America, of Stamford, Conn.
There are currently 185 Miami Subs Grill restaurants in the system, including 13 existing non-traditional restaurants operated in airports, tollroads, convenience stores and in-line locations.
Uniquely positioned between casual, full-service restaurants and fast food restaurants, Miami Subs Grill restaurants feature a wide variety of moderately priced, high quality foods, which are prepared to order and served in a distinctive and casual environment. The restaurants operate under the names "Miami Subs" and "Miami Subs Grill". The company's common stock trades on the Nasdaq National Market(sm) tier of The Nasdaq Stock Market under the symbol: "SUBS".
CONTACT: Miami Subs Corp., Fort Lauderdale
Jerry W. Woda, 954/973-0000
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|Date:||Feb 26, 1997|
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