LAKEWOOD, CO, May 09, 2010
/24-7PressRelease/ -- The cold winter blast during the first quarter of this year failed to put a chill on Einstein Bros. Bagels' expansion of licensed locations as the quick-casual restaurant chain continued to meet the growing demand for its fresh, high-quality menu items and unmatched customer service.
Following the record growth it experienced in 2009, the popular quick-casual bakery chain was off to a fast start in the first quarter of this year with the opening of five new licensed locations.
"We have built tremendous momentum behind our license expansion and consider it a key to achieving our vision of becoming the fastest-growing fast casual chain in North America," said Jeff O' Neill, chief executive officer of Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL). "Dining management groups recognize us as the leader in offering quality, freshness and convenience where portability and affordability are essential, and they are more than eager to add our brand to their facilities."
Einstein Bros. Bagels opened 31 licensed locations in a variety of venues, including universities, healthcare facilities, military bases and corporate headquarters in 2009. This year, the company plans to exceed its 2009 openings for another record year.
"By delivering the quality and freshness of a bakery/cafe with the speed of a QSR, we've built demand for our products among college students, military personnel, medical center professionals and travelers," added O'Neill.
At the end of 2009, the company had more than 180 licensed Einstein Bros. locations in the United States, along with 500-plus corporate and franchised stores across its three brands.
About Einstein Noah Restaurant Group
Einstein Noah Restaurant Group, Inc. is a leading company in the quick casual restaurant industry that operates and licenses locations primarily under the Einstein Bros.' and Noah's New York Bagels brands and primarily franchises locations under the Manhattan Bagel brand. The company's retail system consists of more than 600 restaurants in 36 states and the District of Columbia. It also operates a dough production facility. The company's stock is traded on the NASDAQ under the symbol BAGL. Visit http://www.einsteinnoah.com for additional information. For information about franchise opportunities, contact Kevin Kruse at kkruse@einsteinnoah.com.
Forward-looking statements
Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "estimate," "project," "plans to," "has slated," "is designed to," "expectations," "intend," "indications," "expect," "should," "would," "believe," "target," "trend," "will be able," "is going to be," "will play" and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the actual results or achievements to differ from those expressed or implied by such forward-looking statements. These factors include but are not limited to the following: plans to open licensed stores are subject to a variety of factors including reaching agreements with prospective licensees and the ability of licensees to find suitable locations, reach acceptable lease terms, have adequate capital, find available contractors, build the locations, obtain licenses and permits, locate and train staff appropriately and open new restaurants. These and other risks are more fully discussed in the Company's SEC filings.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Read more Press Releases from Gregg Cebrzynski:
