INDIANAPOLIS, Feb. 14, 2013 /PRNewswire/ -- Noble Roman's,
Inc. (OTC BB: NROM), the Indianapolis based franchisor of Noble Roman's
Pizza and Tuscano's Italian Style Subs, today provided an update on
the continued expansion of its popular take-n-bake (TNB) concept,
both in grocery stores around the country and with the stand-alone
TNB franchise concept.
To date, the Company has signed two new franchise agreements in
the last three weeks, bringing the total number of TNB units open
or in development to 11. Eight units are currently under
development or construction, expected to open during the first half
of 2013.
In addition, in the first six weeks of 2013, Noble Roman's has
continued to expand the number of grocery stores offering Noble
Roman's Take-n-Bake pizza. To date, 1,445 stores offer this
convenient and popular offering. The Company has been steadily
expanding its grocery network, and interest from grocery chains is
growing. Management attends grocery trade shows to create awareness
within the industry, including the National Grocers Association
trade show in Las Vegas this
week.
"Take-n-bake is the fastest growing segment of the pizza
industry," commented Paul Mobley,
Chairman and CEO, Noble Roman's Inc. "And Noble Roman's is at the
forefront of this trend, methodically increasing our presence in
grocery stores around the country and growing our stand-alone TNB
franchises. We continue to grow our pipeline of franchise prospects
for the stand-alone take-n-bake concept, and expect to have several
others under development by mid-year. We are approaching 1,500
grocery stores carrying our TNB product, and expect to add to our
grocery network steadily in the coming quarters. With our
recognized brand and our reputation for great taste and high
quality, we are poised to grow our revenues and profitability due
to the popularity of the TNB concept."
The Noble Roman's Take-n-Bake concept features the chain's
popular traditional hand-tossed style pizza, Deep-Dish Sicilian
pizza, the SuperThin pizza, and Noble Roman's famous breadsticks
with spicy cheese sauce, all in a convenient cook-at-home format.
Additional menu items will include such items as fresh salads,
cookie dough, cinnamon rounds, bake-able pasta, cheesy sticks and
more. The take-n-bake pizza design grew out of the rising
popularity of take-n-bake generally, the Company's success in
licensing over 1,350 groceries nationwide to carry Noble Roman's
take-n-bake pizza, and the company's existing reputation for fun,
great tasting pizza. The Noble Roman's stand-alone take-n-bake unit
requires only 900 square feet with a minimal amount of equipment
and build-out relative to a regular quick-service restaurant,
resulting in a much lower investment cost. Additionally, the
Company anticipates that the take-n-bake unit will require much
less labor and other operating costs, such as utilities, making it
simpler and more affordable to operate, contributing to a
compelling franchise opportunity for potential franchisees.
About Noble Roman's
Noble Roman's, Inc. sells and
services franchises and licenses for non-traditional foodservice
operations under the trade names "Noble Roman's Pizza," "Noble
Roman's Take-n-Bake," and "Tuscano's Italian Style Subs." The
Company has awarded franchise and/or license agreements in 49
states plus Washington, D.C.,
Puerto Rico, the Bahamas, Italy and Canada. The Company has recently developed a
stand-alone take-n-bake pizza prototype, with the first unit opened
on October 29, 2012, the second unit
opened on December 3, 2012 and six
additional franchises under development.
The statements contained in this press release concerning the
company's future revenues, profitability, financial resources,
market demand and product development are forward-looking
statements (as such term is defined in the Private Securities
Litigation Reform Act of 1995) relating to the company that are
based on the beliefs of the management of the company, as well as
assumptions and estimates made by and information currently
available to the company's management. The company's actual results
in the future may differ materially from those projected in the
forward-looking statements due to risks and uncertainties that
exist in the company's operations and business environment,
including, but not limited to, market acceptance of recently
introduced products, competitive factors and pricing pressures, the
current litigation with certain former traditional franchisees,
non-renewal of franchise agreements, shifts in market demand,
compliance with the terms of the company's bank credit agreement,
general economic conditions and other factors including, but not
limited to, changes in demand for the company's products or
franchises, the success or failure of individual franchisees and
changes in prices or supplies of food ingredients and labor as
well. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions or estimates prove
incorrect, actual results may vary materially from those described
herein as anticipated, believed, estimated, expected or intended.
The company undertakes no obligations to update the information in
this press release for subsequent events.
FOR ADDITIONAL INFORMATION, CONTACT:
For media
information: Scott Mobley, President
317/634-3377
Company or Franchise Information: Paul
Mobley, Chairman & CEO 317/634-3377
Investors: Brett Maas, Hayden IR
646/53-7331 or brett@haydenir.com
SOURCE Noble Roman's, Inc.