Exhibit 99.1
NEWS BULLETIN RE: NOBLE ROMAN'S, INC.
1 Virginia Avenue, Suite 300
Indianapolis, IN 46204
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
Noble Roman's Take-N-Bake Franchise Concept Continues to Expand
Nine Take-N-Bake Units Currently Under Development, Will Bring to 16 Total
to Date Grocery Store TNB Concept Reaches 1,625 Stores
(Indianapolis, Indiana) - June 17, 2013 - 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.
The Company has signed five new stand-alone TNB franchise agreements in the last
two weeks, bringing the total number of TNB units open or in development to 16.
To date, seven of those units are currently open and nine are under development
or construction and expected to open during the next several months.
In addition, Noble Roman's has continued to expand the number of grocery stores
offering Noble Roman's Take-n-Bake pizza. To date, approximately 1,625 license
agreements have been signed. 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 International
Dairy Deli Bakery Association trade show in Orlando this month.
In addition to expanding the Company's presence with take-n-bake pizzas, Noble
Roman's continues to steadily grow in the non-traditional venue other than
grocery stores and has added 22 non-traditional franchise/license agreements
thus far in 2013.
"Take-n-bake continues to be one of the fastest growing segments 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 over the coming weeks. We have signed license agreements for
approximately 1,625 grocery stores to carry our TNB product, and expect to add
to our grocery network steadily in the coming months. Our new hot pizza by the
slice offering has helped us to accelerate our penetration with grocery stores
around the country. 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 grocery stores 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 take-n-bake units 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 all 50 states plus
Washington, D.C., Puerto Rico, the Bahamas, Italy, Canada and the Dominican
Republic.
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, competitive factors and pricing
pressures, non-renewal of franchise agreements, shifts in market demand, general
economic conditions, changes in purchases of or demand for the company's
products, licenses or franchises, the success or failure of individual
franchisees and licensees, changes in prices or supplies of food ingredients and
labor, and the success or failure of its recently developed stand-alone
take-n-bake operation. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions or estimates prove incorrect,
actual results may differ 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.
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