DALLAS, Jan. 15, 2004 (PRIMEZONE) -- Hudson's Grill International, Inc., (OTCBB:HGIIA) based in Dallas, Texas, announced today that it had signed a franchise agreement with SYH Asbury, LLC, an Iowa limited liability company. Susan Heim and her family are the principals behind SYH Asbury, which is currently scheduled to open a new Hudson's Grill restaurant during the last quarter of 2004 or the first quarter of 2005. The restaurant will be in a free standing building located at a new shopping development called Asbury Plaza, in Dubuque, Iowa.
As part of the signing of the franchise agreement, Hudson's Grill International received a net amount of $35,000.
Hudson's Grill also announced that it has bought back the rights to develop restaurants in the state of Wisconsin, excluding a three mile radius around two existing Hudson's Grill restaurants in Wausau and Marshfield. This will permit Hudson's Grill to license other areas of Wisconsin. Hudson's Grill paid $10,000 to the current Wisconsin franchisees for the return of the rights.
Hudson's Grill International is a public company; the company's class A common shares are currently being quoted and traded over the counter on the bulletin board under the NASD symbol HGIIA.
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