MILLER PLACE, N.Y., Jan. 17, 2007 (PRIME NEWSWIRE) -- Rockelle Corp. (OTCBB:RKLC), a developer, owner, operator and franchiser of quick service restaurants and cafes, had previously announced that the Company signed an area development agreement with Kahala Corp. (www.kahalacorp.com), a $450 million dollar international franchiser. That agreement granted Rockelle the exclusive area development rights for Taco Time Restaurants in the New York Metropolitan area.
QSR Magazine (www.qsrmagazine.com), a periodical devoted to the Quick Service Restaurant industry, with a circulation in excess of 30,000 subscriptions, is featuring Taco Time on its current edition's front cover. The subsequent write-up points out that Taco Time was one of the fastest growing franchises with fewer than 300 locations in 2006. The article went on to say that sales for Taco Time in 2006 exceeded $135 million and that sales per unit were $562,000. The article also states that Taco Time executives are projecting major growth for many of its markets in 2007. The chain has developed new and exciting menu items and also plans to roll out breakfast initiatives during the year.
Gerard Stephan, CEO and founder of Rockelle Corp. had this to say about Taco Time, "Entrepreneur Magazine, as shown on AOL, recently listed the top 500 franchises, of which Taco Time is now ranked #145. This increased national awareness, coupled with Taco Time's planned growth initiatives, should provide Rockelle with an excellent program to jump start Taco Time eateries within our exclusive territory covering the greater New York Metro area. We are very excited about our relationship with Kahala Corp. and look forward to what Taco Time will do for our revenue and company growth in the years ahead."
Forward-Looking Statements
Statements released by Rockelle Corporation that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.