The Asian Quick Service Restaurants Expand U.S. Presence
TSX Trading Symbol: "MTY"
MONTREAL, May 17, 2017 /PRNewswire/ - Thaï Express® (www.ThaiExpress.ca) is proud to announce that it has opened its first location in the United States, in the food court of the Mall of America, in Bloomington, MN.
"This is the first of many locations in the United States for Thaï Express. We are thrilled to bring the American consumer one of MTY's most successful Canadian brands" said Stanley Ma, Chairman of the Board and Chief Executive Officer of MTY Food Group Inc. ("MTY"). "We plan to aggressively develop Thaï Express in the United States in the coming years; opening the first store is a great milestone in our development plan".
About Thaï Express
Thaï Express® is a new take on traditional Thai cuisine that began in Canada and is currently expanding into the U.S. Tailored to your taste and prepared fresh when you order, Thaï Express provides fun, flavorful and healthy meals. As a premier Thai food franchise, the company believes in providing variety, quality and authenticity at modern food boutiques. In 2004, Thaï Express was acquired by MTY Food Group Inc. and now has over 285 locations across North America. For more information about Thaï Express, visit www.ThaiExpress.ca.
About MTY Food Group Inc.
Headquartered in St-Laurent, QC (Canada), MTY is one of the leaders in the quick service restaurant industry, with 60 brands and over 5,500 restaurants in operation in the United States, in Canada and internationally. MTY's network is expected to generate over $2 billion in sales in 2017. To learn more about MTY, please visit the company's website at www.mtygroup.com.
This press release includes forward-looking statements, which are often identified by the words "may," "might," "believes," "thinks," "anticipates," "plans," "expects," "intends" or similar expressions and reflect management's expectations regarding future events and operating performance, speak only as of the date hereof. These forward-looking statements include statements about MTY's expectations regarding its ability to expand the Thaï Express brand and business in the United States. The factors that could cause actual results to differ materially from MTY's expectations are detailed in filings of MTY's annual and quarterly reports and include the following: risks related to MTY's ability to successfully implement its domestic and international growth strategy; risks related to MTY's ability to compete domestically and internationally in an intensely competitive industry. Other than as required under Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise.
SOURCE MTY Food Group Inc.