Noble Roman’s Expands Rapidly in Grocery Venue with 8 New Distribution Centers; Continues Focus on all 3 Target Venues
With These Newest Additions, Noble Roman’s Now Has 26 Grocery Distribution Centers
INDIANAPOLIS, IN / CRWEPRESSRELEASE / September 17, 2015 / Noble Roman’s, Inc. (OTCMKTS: NROM), the Indianapolis based franchisor and licensor of Noble Roman’s Pizza and Tuscano’s Italian Style Subs, today announced that during the current quarter, the company has provided inventory to eight new grocery distribution centers. The company now supplies Noble Roman’s products from a total of 26 grocery store distribution centers across the country.
Scott Mobley, President and Chief Executive Officer, commented, “Interest in our grocery store venue continues to expand, and we are building the network to enable us to take advantage of this opportunity by adding distribution centers, which gives us new potential customers for further expansion. We are certainly very encouraged by this progress.” The company counts a distribution center as part of its network only after initial inventory orders are delivered and the center is stocked and ready to service accounts.
During the current quarter, the company has also signed agreements for nine new non-traditional franchises and one franchise for a stand-alone take-n-bake.
The company continues to focus on growth in three primary venues: non-traditional franchises and licenses other than grocery stores (“host premise” venue), the sale of take-n-bake pizzas through grocery deli departments and stand-alone take-n-bake franchised locations.
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, the success of new franchise programs with limited operating history including the stand-alone take-n-bake locations, 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 dependence on continued involvement of current management. 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.
FOR ADDITIONAL INFORMATION, CONTACT:
For Media Information: Scott Mobley, President & CEO 317/634-3377
For Investor Relations: Paul Mobley, Executive Chairman 317/634-3377
or Brett Maas, Hayden IR, 646/536-7331 or email@example.com
SOURCE: Noble Roman’s, Inc.