PITTSBURGH, April 6, 2006 (PRIMEZONE) -- Unique Pizza and Subs Corporation, a Delaware corporation ("UPZS"), has announced that it has terminated its Letter of Intent to acquire Unique Pizza and Subs Corporation, a Pennsylvania corporation ("Unique Pizza"). The Letter of Intent, which was signed and disclosed in a press release dated March 14, 2006, contemplated that UPZS would issue shares of common stock in an exempt transaction to the private shareholders of Unique Pizza, which would then become a wholly-owned subsidiary of UPZS. UPZS trades on the Pink Sheets under the symbol of "UPZS."
On March 16, 2006, UPZS again announced the signing of a contract to initiate the merger of Unique Pizza with UPZS. Management of UPZS would like to clarify that this announcement referred only to the Letter of Intent, and confirms that no definitive acquisition agreement has ever been signed.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
The Unique Pizza and Subs Corporation logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2466