/C O R R E C T I O N -- Ultimate Franchise Systems/ In regards to the news release issued earlier today by Ultimate Franchise Systems over PR Newswire, we are advised by the company that the release should be disregarded and the following taken into consideration: HEATHROW, Fla., April 11 /PRNewswire-FirstCall/ -- Ultimate Franchise Systems Inc. (OTC:UFSY) (BULLETIN BOARD: UFSY) today released a summary of significant events for 2004. The company completed several significant transactions during the year, which added three new brand affiliations and increased UFSY's franchise investments from 385 to almost 600. This was a 57% increase in the number of franchise affiliates in the one-year period. The following events were undertaken by UFSY in 2004 to increase its shareholder value: 1. The name of Sobiks Franchising Systems Inc. was changed to Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI) to better position the company for acquisitions and new franchise expansion. 2. UFSY assisted QRVI in the investment into Food Group, (OTC Pink Sheets: FFDG), owner of the Famous Uncle Al's Hot Dog chain of twelve fast food units. 3. UFSY assisted QRVI in the investment in Westshore Pizza, based in Tampa, Fla. with 50 restaurants. 4. UFSY acquired 100% of Obee's Franchising Systems, Inc. (OTC:OBFC) (BULLETIN BOARD: OBFC) then spun the company off into its own public corporation late in the year. OBFC now has commitments to open 1300 franchises over the next 10 years. 5. UFSY acquired 100% of the Juicy Lucy's Hamburger chain of nine units adding 3.6 million dollars in sales. 6. UFSY invested sizably in Picadilly Cafeterias and Harvey's Bistro Restaurants. 7. UFSY opened over 30 new franchises in its family of brands. 8. UFSY formed a new public company, FransAction, Inc. (OTC Pink Sheets: FCTN), to lead the company's new thrust of franchise expansion. "2004 was a very strong year for UFSY," said Christopher Swartz, UFSY CEO. "The OBFC spin-off was a major event that went smooth and has attracted national attention to our company. We also increased our brand affiliations to thirteen and grew from operating in twenty states to thirty states across the country. Our next step will be to develop an investor relations program that carries this important message to our shareholders and the investment community." UFSY's affiliate brands include: Gator's Dockside Restaurants, Jreck Subs, Inc., Central Park Hamburgers, Li'l Dino's Deli and Grille, Sobiks Subs, Famous Uncle Al's Hot Dogs (OTC Pink Sheets: FFDG), Flamers Hamburgers, Westshore Pizza, Mountain Mike's Pizza, New York Burrito, Picadilly Restaurants, and Juicy Lucy's Hamburgers. UFSY also has affiliations with Quality Restaurant Ventures Inc. (OTC Pink Sheets: QRVI), Obee's Franchise Systems Inc. (OTC Pink Sheets: OBFC) and FransAction Inc. (OTC Pink Sheets: FCTN). 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 created by these sections. Ultimate Franchise Systems, Inc., Obee's Franchise Systems, Inc. and Quality Restaurant Ventures, Inc., assume 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 plans for future expansion and other business development activities as well as operating costs, capital spending, 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 Companies. CONTACT: Christopher Swartz of Ultimate Franchise Systems, 407-333-8587, Web site: http://www.ufsi.net/ DATASOURCE: Ultimate Franchise Systems Inc. CONTACT: Christopher Swartz of Ultimate Franchise Systems, +1-407-333-8587 Web site: http://www.ufsi.net/

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