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Franchise News Release: Sherman Oaks, CA - (Jan-15-2003) Worldwide Restaurant Concepts, Inc. Announces Ten-Restaurant Franchise Agreement at Sizzler USAWorldwide Restaurant Concepts, Inc. (NYSE: SZ) today announced that its Sizzler USA division has signed an area development agreement with T. Dhillon, Inc. that will add ten new Sizzler® restaurants in Northern California over the next five years. T. Dhillon, Inc. currently operates ten Lyon's Restaurants and will be converting these to Sizzler® restaurants. Two locations are expected to open as Sizzler® restaurants during the Company's current fiscal year. "Sizzler® is an important part of Worldwide Restaurant Concepts' heritage and its future growth. Our agreement with T. Dhillon, Inc. is the first step in expanding Sizzler's domestic Franchise system," said Charles Boppell, President and CEO of Worldwide Restaurant Concepts. "We're excited to be joining the Sizzler® family," said Bobby Dhillon, President of T. Dhillon, Inc. "After considering several concepts, Sizzler® was the obvious choice. The Sizzler® brand combines great food and great value, served in a style that matches today's fast-paced, on-the-go lifestyle." "We recently completed a revised Uniform franchise Offering Circular and plan to actively seek new franchisees for the Sizzler® system. T. Dhillon, Inc. is our first new domestic area developer in over ten years and we hope the first of many to come," said Ken Cole, President and CEO of Sizzler USA. Worldwide Restaurant Concepts, Inc., formerly known as Sizzler International, Inc., operates, Franchises or joint ventures 322 Sizzler® restaurants worldwide, 110 KFC® restaurants primarily located in Queensland, Australia, and 17 Pat & Oscar's(SM) restaurants. |
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