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To: Fbk32 who wrote (1676)2/24/1999 1:39:00 PM
From: Gravitar  Respond to of 9115
 
Jreck Subs Group Inc. Announces NewDevelopment Agreement to Cross-Brand Five New Mountain Mike'sTake-n-Bake Stores

February 24, 1999 01:30 PM
LONGWOOD, Fla.--(BUSINESS WIRE)--Feb. 24, 1999--Jreck Subs Group Inc. JSUB , a Franchise Management Company with over 300 restaurants nationwide, has entered into an agreement with Kalin Enterprises of Syracuse, N.Y., to open up to five Mountain Mike's Take-n-Bake locations.

Kalin Enterprises is an existing franchise of Jreck Subs Group Inc. Their stores are located in Central and Northern New York. Under the agreement, Kalin Enterprises will be building the pizza stores into their existing locations in order to continue to drive their "night-time" business. Christopher Swartz, president and CEO of JSUB said: "We are very excited about this development agreement. It is part of our continuing process of driving two day-parts in each one of our stores. This allows the franchisee to leverage their real estate and earn more revenues during more hours of the day. We are excited by the pace in which our franchisees are adding other day-parts through our family of brands." On Dec. 14, 1998, JSUB announced the early returns on their cross-branded unit in Redmond, Wash. In the first 30 days sales figures went up 25%, after 60 days 35%, and after 120 days sales were up 45%. On an annualized basis this represents estimated sales increases of $160,000.00 or higher.