HATBORO, Pa., Sept. 16, 2002 (PRIMEZONE) -- Paul Esposito, President of Toppers Brick Oven Pizza, Inc. (Other OTC:TBOP) announces that "Toppers" has entered into an agreement to acquire Famous Uncle Al's Franchise, Inc., a Virginia Beach, Va. company.
Famous Uncle Al's Franchise, Inc. was established to market franchise opportunities for Famous Uncle Al's Restaurants. Founded in 1985 by Al Stein, the restaurants specialize in quality hot dog and related menu items. Famous Uncle Al's Restaurants, Inc. operates nine restaurants in the Tidewater area of Virginia. The restaurants have earned a reputation for their quality Boars Head products and their family-friendly atmosphere.
This acquisition provides Toppers Brick Oven Pizza, Inc. the exclusive worldwide franchise rights for Famous Uncle Al's Restaurants. As part of the acquisition agreement, Mr. Stein will provide training and consulting support.
Mr. Stein added: "I have operated Famous Uncle Al's Restaurants for 15 years and I know they are well-suited for franchising. We focus on hot dogs as the primary menu item, one of America's most popular foods, but also serve a variety of quality products. Our restaurants are less complex than most restaurants to operate and are considerably less expensive to open than almost any other restaurant franchise opportunity."
"Toppers is developing a strategic plan to market the Famous Uncle Al's franchise opportunity. We are recruiting additional management and assembling the necessary expertise and resources that we will dedicate to the success of Famous Uncle Al's. We believe the first new franchised stores may be opened within several months," stated Richard Michael, Director of Franchise Operations.
A number of statements contained in this press release may be forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development, and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. The actual results that may be achieved could differ materially from any forward-looking statements due to such risks and uncertainties. Any investment should be considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. Contact the company for further details concerning these risks and uncertainties.