WorldWide Papa’s, Plc.
WorldWide Papa’s Plc: WORLDWIDE PAPA’S CONTINUES RAPID GROWTH IN RUSSIA
WorldWide Papa's Plc / Key word(s): Market Report 01.03.2012 / 19:35 --------------------------------------------------------------------- Corporate Press Release March 1st, 2012 PRESS RELEASE WORLDWIDE PAPA'S CONTINUES RAPID GROWTH IN RUSSIA Papa John's area developer opens seventh store in Russia, first in north Leningrad region LONDON - March 1st 2012-- WorldWide Papa's, Plc (FSE: 1PJ.F), the exclusive area developer of Papa John's International, Inc. restaurants in St. Petersburg and the Leningrad region of Russia, announces the opening of its seventh restaurant. Located in the heart of one of the region's most affluent areas, WWP is pushing north with the opening of its first restaurant in this part of St. Petersburg. This restaurant will focus on the highly successful 'Original Papa's' dine-in business model with seating for up to 70 while at the same time offering delivery and takeout options, extending the reach of the Papa John's pizza brand to more than 500,000 residents. 'This is our first location in the northern part of St. Petersburg and with such a ready customer base we quickly expect it to compete alongside our other locations as one of the top grossing Papa John's stores in the world. Considering there are over 3,780 Papa John's stores worldwide to date that's saying a lot!' said Darrin Stock, CEO and Founder of WorldWide Papa's. 'We've almost doubled in size in the last year and we're still gathering momentum. With so much opportunity before us our ultimate goal of having at least 40 operating restaurants in the region by 2015 is more than achievable.' Steve Kendall, COO and VP of Finance, of WorldWide Papa's, echoed Stock's sentiments, 'The area in which the restaurant is opening is one of the most densely populated sectors of the city. It's continuing to grow and develop, and has significantly higher demand for pizza delivery than other parts of the city. We're excited to bring Papa John's premium products and proven business model to this customer base.' Hot on the opening of store number seven, WorldWide Papa's will continue its growth in 2012 with the opening of their eighth store in the second quarter and stores nine and ten in the third quarter. About WorldWide Papa's WorldWide Papa's, Plc is an international management company, formed in 2004, with exclusive area development rights to Papa John's International, Inc. restaurants in St. Petersburg, Russia and the Leningrad region. WorldWide Papa's opened its first Papa John's restaurant in St. Petersburg in 2005. The company currently operates seven restaurants in the region, with plans in place for reaching a total of 40 restaurants by 2015. Papa John's restaurants in St. Petersburg were recognized in 2010 and 2011 as the winning establishment in a local pizza taste-test competition, named as having the best pizza against the leading competitors in the marketplace. For more information about WorldWide Papa's visit http://www.worldwidepapas.com. The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings. End of Corporate News --------------------------------------------------------------------- 01.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 159048 01.03.2012
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