PITTSBURGH, March 14, 2006 (PRIMEZONE) -- Unique Pizza and Subs Corporation (Pink Sheets:UPZS), a publicly traded Delaware Corporation, announces the signing of a letter of intent to acquire Unique Pizza and Subs Corporation of Pittsburgh PA, a private corporation. This is the public Unique Pizza and Subs Corporation's first merger candidate.
Unique Pizza and Subs Corporation of PA has ten franchises and over eleven years of profitable operations, having built a solid foundation for development and growth with four years of research done before the first location was opened. Unique Pizza and Subs Corporation (private) (formerly Unique Pizza Factory Corporation) was the official pizza of the Pittsburgh Penguins and has won numerous awards for taste and quality. Unique Pizza and Subs Corporation is in talks to sign master franchise agreements in multiple cities.
James C. Vowler, President and CEO of UPZS, says "We are very pleased to have located so quickly the perfect merger candidate. This acquisition will help Unique Pizza and Subs Corporation achieve its corporate goals of nationwide growth."
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Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby.