SPDE Speedus Corp (CE)

F&B gudtfood Announces Grand Opening of Midtown Restaurant NEW YORK, Aug. 2 /PRNewswire-FirstCall/ -- F&B gudtfood, a majority-owned subsidiary of Speedus Corp. (NASDAQ:SPDE), has once again redefined fast-food by opening their second company owned restaurant in midtown Manhattan at 150 East 52nd Street, between Lexington and 3rd Avenues. F&B's plans for growth include the opening of new restaurants through the Company's recently introduced franchise program. F&B gudtfood's new marquis restaurant has built upon the accomplishments that have the made the original restaurant so successful, creating an utterly original, elegant design with a European street-food inspired menu. Commenting on the opening, F&B gudtfood co-founder Nicholas Type said, "Our objective was to create an atmosphere unlike any other restaurant in our category. With our new location, we have built on those qualities that have made F&B gudtfood so special: the ambiance is simple and elegant and we provide only the highest quality foods." These features have garnered F&B gudtfood such accolades as "the most elegant fast food in New York" by Zagat 2004; "the tiffany of fast food" by Gael Greene, New York Magazine; "three stars" in the New York Post; "best cheap eats" from Citysearch.com, and the recently awarded "best take out" by AOL cities, just to name a few. Although F&B gudtfood has a wide variety of breakfast, lunch and dinner options, it is primarily celebrated for its elaborate offering of gourmet "haute" dogs, elegantly presented with a variety of toppings. In fact, Zagat 2004 has called F&B gudtfood a "wiener wonderland!" F&B gudtfood also offers an expanded one-of-a-kind breakfast menu including breakfast haute dogs, beignets, Spanish churros, and authentic Danish pastries. F&B gudtfood also serves Sweden's favorite coffee, Gevalia. To raise the bar, all bread is baked daily to assure the highest quality buns for F&B's beloved haute dogs. A new line of traditional open Danish sandwiches, such as roast beef with remoulade and roast onion on grain bread, has also been introduced. In addition to in-store seating for forty-five guests, the new location also offers thirty-five seats in an outdoor plaza allowing F&B gudtfood to create a pleasant and upscale beer garden ambience for the after work crowd. The restaurant offers affordably priced beer and wine to accompany the bratwursts, hot dogs and appetizers. For those guests who like to mix it up, Pop champagne and Dom Perignon are also available. F&B gudtfood also provides catering services for corporate and social events. The restaurant and plaza seating are available for private functions. For additional information on F&B gudtfood, contact Nicholas Type, 917-662-1846, or visit their website at http://www.gudtfood.com/. For additional information on Speedus Corp., contact John Kallassy, 718-567-4358, , or visit their website at http://www.speedus.com/. Statements contained herein that are not historical facts, including but not limited to statements about the Company's product, corporate identity and focus, may be forward-looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward- looking statements made by the Company, including, but not limited to, the continuing development of the Company's sales, marketing and support efforts. serving great European street food http://www.gudtfood.com/ DATASOURCE: F&B gudtfood CONTACT: Nicholas Type of F&B gudtfood, +1-917-662-1846, ; John Kallassy of Speedus Corp., +1-718-567-4358, Web site: http://www.speedus.com/ http://www.gudtfood.com/

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