WorldWide Papa’s, Plc.
WorldWide Papa’s Plc: WorldWide Papa’s Opens Sixth Location and Grows Brand Presence to Further Regions of St. Petersburg
WorldWide Papa's Plc / Key word(s): Product Launch/Miscellaneous 08.11.2011 / 17:30 --------------------------------------------------------------------- Corporate Press Release November 8th, 2011 PRESS RELEASE WorldWide Papa's Opens Sixth Location and Grows Brand Presence to Further Regions of St. Petersburg Regional Developer of Papa John's Restaurants Serves Pizza to Koroleva Residents LONDON - November 8th, 2011 -- 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 sixth restaurant location in Koroleva. 'We strategically targeted this area of St. Petersburg after identifying it as one well in need of greater pizza brand options; in fact, we've recognized the opportunity to develop three additional restaurant locations in this part of the city to further extend the reach of the Papa John's brand to the more than 600,000 nearby residents,' said Darrin Stock, CEO and Founder of WorldWide Papa's. Additionally the company has secured locations for the next four restaurants within St Petersburg and Mr Stock further stated 'We also strongly believe there is additional growth potential in Koroleva and look to adding stores in this area soon, as we continue to build towards our goal of more than 40 restaurants by 2014.' Restaurant No. 6, (the 'King' location) is located near the Pioneer metro station and on the main floor of a newly constructed, high-rise apartment building, and has a 70-person capacity for dine-in patrons as well as a playground area for kids. This location also offers delivery service to a very significant number of people, which was a critical element of planning for this restaurant given the area's high demand potential. 'Having opened in July, we've already begun to see impressive sales performance both from dine-in and delivery service from this location,' said Gary Hamilton, Secretary/Treasurer and Co-founder of WorldWide Papa's. 'As we focus on creating local awareness for this new location among St. Petersburg residents, we also continue to press on in development of additional locations around St. Petersburg. We hope to have another several locations open by the end of the year, or very early in 2012.' About WorldWide Papa's: WorldWide Papa's, Plc is an international restaurant 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 five restaurants in the region, with plans in place for the expansion of reaching a total of 40 restaurants by 2014. 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 two leading competitors in the market. For more information about WorldWide Papa's visit http://www.worldwidepapas.com Contact: Gary Hamilton WorldWide Papa's, Plc ghamilton@worldwidepapas.com Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: 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 with the Securities and Exchange Commission. End of Corporate News --------------------------------------------------------------------- 08.11.2011 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 --------------------------------------------------------------------- 145245 08.11.2011
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