QUIZNO'S SIGNS 17 NEW AREA DIRECTOR AGREEMENTS
Denver, Colorado, June 26, 1997 - the QUIZNO'S Corporation (Nasdaq: QUIZ)
announced today it has signed 17 Area Director agreements since the first of
the year, including six agreements for expanded territories by existing Area
Directors. This brings the total number of QUIZNO'S markets under development
to more than 80, adding British Columbia, Canada and Puerto Rico.
"Our Area Directors currents are developing territories that cover
approximately 59% of the population of the United States as well as portion of
the Canada, "said Rick Schaden, President/CEO of The QUIZNO'S Corporation.
"Through ongoing development of these markets by our Area Directors, we're
moving forward towards our goal to position QUIZNO'S in a solid third place
among all sub sandwich brands in terms of units open by the end of 1997".
The Area Directors and their territories are as follows:
- - Sam and Karen Herr of Valencia, California; Santa Barbara, Santa Maria and
San Luis Obispo markets;
- - Mark Roby and Geoff Roby of Boise, Idaho; developing Chico-Redding, Eureka
and El Dorado in California;
- - Dave West of Clovis, California; Fresno-Visalia and West County in
California;
- - David Bloom and Brad Bayliss d/b/a Falcon Financial Corporation of
Englewood, Colorado; developing El Paso County in Colorado;
- - Paul Mattison of Sarasota, Florida; Ft. Myers-Naples market in Florida;
- - Bruce Schilling of Gillette, Wyoming; Minot, Bismarck and Dickinson in North
Dakota;
- - Roger Grieco of Farragut, tennessee; Knoxville an dChattanooga in Tennessee;
- - Mark Rosen of Springfield, Missouri; Springfield, Missouri and
Joplin-Pittsburgh, Kansas markets;
- - Ron Morris of Sea Bright, New Jersey; Charlotte and the Greenville-
Spartanburg-Ashville areas covering counties in North Carolina, South
Carolina and Georgia;
- - Brooksy Smith and Bob Smith d/b/a Equity Securities, Inc. of Englewood,
Colorado; developing the Houston and Victoria markets in Texas;
- - Rafael Perez Zayas, Maria Elena Torres and Arnaldo Zayas d/b/a Aprendo
Strada, Inc. of Dorado, Puerto Rico; developing the Puerto Rico towns of
San Juan, Trujillo Alto, Carolina, Guaynabo, Bayamon and Caguas;
- - Chris Moradian and Alvin Blaise of North Vancouver, British Columbia;
British Columbia, Canada market
In other company news, the The QUIZNO'S Annual Meeting was held June 6 in
Denver, and all issues put before the shareholders were ratified. Items
approved including election of directors to serve until the next meeting or
until their successors are duly elected and qualified, an increase from 90,000
to 140,000 in the number of shares of the Company's Common Stock reserved for
the Non-Employee Directors and Advisors Stock Option Plan and the ratification
of Ehrhardt Keefe Steiner & Hottman PC as independent auditors for the 1997
fiscal year.
QUIZNO'S, a popular Denver-based chain for 16 years, is a quick-service,
Italian deli-style concept which serves signature oven-baked Classic Subs.
The QUIZNO'S Corporation completed an IPO in February 1994 as part of a
strategy to take the concept national. Currently, QUIZNO'S restaurants are
open in 28 states and Canada.
This release contains forward-looking statements (as defined in the Private
Securities Litigation Reform Act of 1995) that are subject to risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. Such risks and uncertainties
include the effect of national and regional economic and market conditions and
the eating habits of the American public. Such risks are detailed from time
to time in the Company's reports filed with the SEC, including the report on
Form 10-KSB for the year ended December 31, 1996.
Contact for more information:
Sue Hoover or Deb Leider, QUIZNO'S Corporate Communications, (303) 706-9338
(direct line).