Kahala Corp Announces Acquisition of BLIMPIE Restaurant Chain
January 24 2006 - 5:34PM
Business Wire
Kahala Corp (Pink Sheets: KAHL) (the "company") -- today announced
it has closed its acquisition of the BLIMPIE quick-service
restaurant chain owned by Blimpie International Inc. The BLIMPIE
concept, which was founded in 1964 and specializes in fresh,
contemporary-deli style sandwiches, soups and salads with Real.
Fresh. Taste(TM), has grown to nearly 1,600 franchised restaurants
across the United States and in select foreign countries. The
company's acquisition does not include the Blimpie restaurant chain
owned by Metropolitan Blimpie Inc. ("Metro") and operated in the
Northeast and Middle Atlantic states by Blimpie Associates, Ltd.,
Metro's licensee. Metro is a co-owner of the Blimpie Trademarks.
BLIMPIE offers a unique twist on the classic deli menu, appealing
to the variety of palates and nutritional preferences of today's
consumer. In addition to panini-grilled sandwiches, BLIMPIE
restaurants feature vegetarian patties, low-carb bread,
fresh-sliced top-quality meats in each restaurant, and artisan
breads in seven flavors -- including cheddar jalapeno, hearty
wheat, marble rye and zesty parmesan -- baked fresh daily in each
restaurant. As the tenth QSR concept under the Kahala umbrella, the
acquisition has boosted the overall number of Kahala franchised
outlets to more than 2,500, and has catapulted annual systemwide
sales to just over $600 million. Other Kahala concepts include Taco
Time, The Great Steak & Potato Co., Johnnie's Pizzeria, Samurai
Sam's Teriyaki Grills, RANCH ONE, Surf City Squeeze, Frullati Cafe,
Wafflo, and Rollerz. To learn more about Kahala Corp and its ten
restaurant concepts, please visit the company Web site at
www.kahalacorp.com.
Kahala (GM) (USOTC:KAHL)
Historical Stock Chart
From May 2024 to Jun 2024
Kahala (GM) (USOTC:KAHL)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Kahala Corporation (GM) (OTCMarkets): 0 recent articles
More Kahala Corp News Articles