Ultimate Franchise Systems, Inc. Today Announced a Strategic Partnership With Clark Retail Development Company.Business Editors LONGWOOD Longwood may refer to: United States
Ultimate Franchise Systems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :UFSI), a fully reporting franchise management company, today announced the formation of a strategic partnership with Clark Retail Development Company. As part of this partnership, Ultimate Franchise Systems, Inc. will sell 80% of the assets of their Seawest Sub Shops franchise system, thus continuing on its Vision 2000 Strategy of leveraging existing assets to take advantage of other profit opportunities. Seawest Sub Shops is based out of Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. , with 23 units. Ultimate Franchise Systems, Inc.'s President & 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. , Christopher M. Swartz, stated, "Seawest Sub Shops is an excellent system with high quality products and a strong core of franchisees. We feel that bringing in an operating partner that is locally based, will bring greater value to the system and the franchisees. Our continuing participation allows our shareholders to share in what we believe will be increased value for this asset while also allowing us to continue to restructure our balance sheet. As part of this strategic shift, we now have equity partnerships managing all of our West Coast investments. Ultimate Franchise Systems, Inc. will now be able to focus all of our management's resources on our East Coast operations, as well as continuing our focus on the Southeastern 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. for other regionally dominant franchise systems." Ted Clark, President of Clark Retail Development Company, stated, "I am very excited about this opportunity to work with Ultimate Franchise Systems, Inc. I believe that with renewed focus, we can bring better value to the Seawest franchisees and, at length, the shareholders of Ultimate Franchise Systems, Inc. We will leverage UFSI's continuing ownership stake to assist us in all areas, specifically purchasing, marketing and franchise sales." Ted Clark has been a franchisee of Seawest Sub Shops since June of 1990 and more recently was the Area Developer for Ultimate Franchise Systems for the Seawest Sub Shops' chain. This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the 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. created by these sections. Ultimate Franchise Systems, Inc. assumes no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc plans for future expansion and other business development activities as well as operating costs operating costs npl → gastos mpl operacionales , capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. , financial sources and the effects of competition. Such forward- looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward- looking statements made by or on behalf of the Company. |
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