LAS VEGAS, Nov. 19, 2014 /PRNewswire/ -- Dixie Foods International, Inc. (OTCQB: DIXI), which earlier this week announced that it is changing its name to "Preferred Restaurant Brands", announced it opened its first Papa John's location (@ 2169 Sunset Blvd. in Rocklin, California) last week.
"We are excited to be partnering with Papa John's International to be expanding Papa John's presence in Northern California," noted PRB's CEO Ken Antos. "This store opened to strong results this past weekend; and we look forward to serving this fast-growing community with Papa John's pizza and service."
Rocklin is a city in Placer County, California located at the intersection of Interstate 80 and State Highway 65 - approximately 22 miles northeast of Sacramento, California and about 6.1 miles northeast of Roseville. Besides Roseville, Rocklin shares borders with Loomis and Lincoln. According to Rocklin's web site (www.rocklin.ca.us), Rocklin has been one of the fastest-growing cities in California. Its population grew 67% from 2000-2014 to a current population of approximately 60,000. The web site also noted that: "Rocklin is a preferred location to live, work, visit, and grow business because of its convenient location, high quality of life, excellent schools, abundant recreational opportunities, and the highest commitment to public safety. Rocklin is located in proximity to many tourist locations and recreational amenities. It is within 20 minutes of Folsom Lake, 30 minutes of downtown and Old Sacramento, and less than 2 hours from Lake Tahoe, the Pacific Ocean and San Francisco."
The Rocklin location is in approximately 1,200 square feet of space, leased and renovated by Preferred Restaurant Brands, in a shopping center anchored by a fitness facility, a pharmacy and a bank. The center is on a well-traveled street in an upscale neighborhood within close proximity to the main retail hubs for Rocklin and Roseville – Placer County's busiest and most affluent trade areas.
Preferred Restaurant Brands currently has 10 additional Papa John's locations in the Fresno and Sacramento areas in various stages of planning and construction. The Rocklin location and the locations currently under development are in connection with its exclusive rights to develop Papa John's in trade areas stretching from Fresno to north of Sacramento, California. Preferred Restaurant Brands has committed, per its March 2014 Area Development Agreement with Papa John's, to build 27 locations by the end of 2015.
"We expect to open meet our Papa John's-related growth targets over the next 12 months in addition to our pending acquisition of two existing Papa John's locations in the Fresno area," noted Antos
Headquartered in Las Vegas, Nevada, Preferred Restaurant Brands, through its recently-acquired KCI Investments, LLC, operates 13, franchised Capriotti's Sandwich Shops throughout its development areas - consisting of: parts of Dallas/Fort Worth, Southern California markets (Orange County, San Diego County and parts of Los Angeles County), as well as parts of Las Vegas. Besides its pending Papa John's locations, KCI also has a number of new Capriotti's in development in various development areas.
In addition Preferred Restaurant Brands currently manages Elements Fine Casual Dining & Cocktails, and has in various phases of development and construction: an Alex Stratta Italian Steakhouse and TAPAS by Alex Stratta.
For information contact:
Preferred Restaurant Brands, Inc.
This press release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events and similar expressions. Forward-looking statements may be identified by use of words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," or "potential" or similar words or phrases which are predictions of or indicate future events or trends. Statements relating to plans and objectives for future operations, including those relating to KCI Investments, LLC, are based on Preferred Restaurant Brands' current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Any of these statements could prove to be inaccurate and actual events or investments and results of operations could differ materially from those expressed or implied. To the extent that Preferred Restaurant Brands' assumptions differ from actual results, Preferred Restaurant Brands' ability to meet such forward-looking statements may be significantly and negatively impacted. You are cautioned not to place undue reliance on any forward-looking statements and Preferred Restaurant Brands disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, future events or other changes. Please refer to Preferred Restaurant Brands' Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") for the fiscal year ended August 31, 2013 and subsequently filed SEC reports for further information
SOURCE Dixie Foods International, Inc.