Section 8 - Other Events
Item 8.01 Other Events.
Hudson's Grill International, Inc. (the "Company"), a Texas corporation based in Dallas, Texas, reports that it received an executed franchise agreement on January 13, 2006, from Cappuccino, SD, Inc., a corporation controlled by Peter and Cindy Palm. Peter and Cindy Palm also guaranteed the franchise agreement. The new franchisee will convert an existing restaurant to the Hudson's Classic Grill concept; the restaurant will be located at 201 North Lincoln Road in Escanaba, Michigan. This is the second franchise owned by the Palms, who own the DePere, Wisconsin Hudson's Classic Grill franchisee. The new franchisee will open and train their own staff, using staff from the DePere Hudson's Classic Grill. The Company anticipates that the new Hudson's Classic Grill will open sometime in Spring 2006. The initial franchise fee received by the Company will be recognized as income when the new franchisee opens for business.
Section 9 - Financial Statements and Exhibits
Item 9.01(c) Exhibits.
1. Press Release dated January 19, 2006, regarding the signing of a Hudson's Grill franchise agreement by Cappuccino SD, Inc.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: January 19, 2006
HUDSON'S GRILL INTERNATIONAL, INC. s/s Robert W. Fischer Robert W. Fischer, Director |
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