Dixie Lee International Industries, Inc. Announces Franchise Restaurant Plans for Expansion Into The United States and Foreign M
16 Juillet 2007 - 2:00PM
Business Wire
Dixie Lee International Industries, Inc. (Pinksheets:DLII), a
growing master franchisor with more than 100 restaurants and over
40 years of continuous operations, announced today that it has
launched its international expansion campaign. The Company intends
to offer their successful franchises in the US market under the
�Dixie Lee Diner� � banner and offer master franchise developments
in Europe, the Middle East and Asian markets, including mainland
China. The expansion plans for the �Dixie Lee Diner� include
offering a trademark designed, re-locatable �Retro� stainless steel
diner, with seating to accommodate from 60 to 80+ persons.
High-visibility locations will be targeted in existing shopping
centers where the diners will be on the street side of available
parking lot �out parcels�. The unique diners will be the signature
brand, with strong customer appeal and a full comfort food menu,
including breakfast, lunch, and Blue Plate dinner specials. The
business plan pursuant to the expansion into foreign territories
forecasts that with a perceived �American franchise program,� there
will be less resistance in some Middle Eastern and Asian countries
than with current �fast-food� franchise programs. The amount of
interest already generated from selected territories in Eastern
Europe and several Arabic countries is currently being evaluated by
franchise specialists. The Company plans on selling specific
territories for a predetermined dollar amount and retained
royalties. �We already have a proven operating system and a solid
following in our current markets. We have over 40 years of history,
so we�re able to provide our franchisees the same level of
comprehension and purchasing power as the industry�s other major
players. What separates us from most franchises is that we operate
in a space that has room to grow, yet our franchisees have the
opportunity to cash flow in the early years of their business,�
stated Joe Murano, Dixie Lee CEO. About Dixie Lee Dixie Lee was
founded in Belleville, Ontario and has been in operation, initially
marketed as supplementary food items to existing restaurants, since
1964. Dixie Lee grew from 8 stores, in 1979, to more than 35 stores
in Ontario by 1987. In 1988 Dixie Lee began selling franchises and
has expanded to over 70 franchised outlets from coast to coast.
Dixie Lee International Industries, Inc. acquired Dixie Lee Food
Systems (U.S.A.) Ltd., the parent company that owns and operates
over 100 stores, and is now pursuing expansion into the United
States and foreign markets with its �Dixie Lee Diner��. All
locations provide high quality food products at economical prices
with a strong emphasis on fast, friendly service. This press
release includes forward-looking statements and projections, made
in reliance on the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The company has made every
reasonable effort to ensure that the information and assumptions on
which these statements and projections are based are current,
reasonable, and complete. However, a variety of factors could cause
actual results to differ materially from the projections,
anticipated results or other expectations expressed in this
release. For a brief discussion of the risks and uncertainties that
may affect our business and future operating results, please refer
to Form 10-K and Form 10-Q�s and the filings which are on file with
the SEC and the subsequent filings to be filed with the SEC.
Statements contained in this press release that are not based upon
current or historical fact are forward-looking in nature. Such
forward-looking statements reflect the current views of management
with respect to future events and are subject to certain risks,
uncertainties and assumptions. Should one or more of these risks or
uncertainties materialize or should underlying assumptions prove
incorrect, actual results may vary materially from those described
herein as anticipated, believed, estimated or expected, or
described pursuant to similar expressions.
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