FransAction, Inc. Increases Franchise Offerings to Five Concepts
January 07 2005 - 8:51AM
PR Newswire (US)
FransAction, Inc. Increases Franchise Offerings to Five Concepts
HEATHROW, Fla., Jan. 7 /PRNewswire-FirstCall/ -- FransAction, Inc.
(OTC Pink Sheets: FCTN) announced today that Jreck Subs, Inc., an
affiliate of Ultimate Franchise System, Inc. (OTC:UFSY) (BULLETIN
BOARD: UFSY) , has signed a non- exclusive agreement with
FransAction that allows it to begin selling franchises and area
developer agreements for the company. Jreck Subs is now the fifth
restaurant brand to join FransAction's brand offerings, giving FCTN
a widely recognized regional brand in upstate New York. Peter J.
Whitmore, President of Jreck's, explained, "Our agreement with
FransAction allows us to pursue our current regional expansion
program while FransAction brings broader national recognition to
our Jreck brand name and operations. I look forward to working with
this group and feel that FransAction can provide welcome exposure
for our concept in many new markets." Jreck Subs, a 40-unit sub
chain in Watertown, NY, is a very popular regional, fast-casual
restaurant chain. Jreck became affiliated with UFSY, a national
consolidator of franchise concepts, in 1996. UFSY's expertise has
helped Jreck improve and refine its operational systems and
establish a broader infrastructure. Ultimate Franchise Systems,
Inc. currently has investments in approximately 603 franchised
restaurants and 40 weight loss clinics in 30 states throughout the
United States. These brands include Gator's Dockside Restaurants,
Jreck Subs, Inc., Central Park Hamburgers, Li'l Dino's Deli and
Grille, Sobik's Subs (OTC Pink Sheets: QRVI), Famous Uncle Al's Hot
Dogs (OTC Pink Sheets: FFDG), Flamers Hamburgers, Westshore Pizza,
Obee's Subs , Mountain Mike's Pizza, New York Burrito, Juicy Lucy's
and Beverly Hills Weight Loss (OTC:WLFI) (BULLETIN BOARD: WLFI) .
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., FransAction, 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: Randy Jacobs (1-800-316-9437) Web site:
http://www.ufsi.net/ DATASOURCE: FransAction, Inc. CONTACT: Randy
Jacobs, +1-800-316-9437, for FransAction, Inc. Web site:
http://www.ufsi.net/
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