WorldWide Papa’s, Plc.
WorldWide Papa’s Plc: WORLDWIDE PAPA’S LAUNCHES ADDITIONAL OPERATIONS FACILITY TO MEET INCREASING DEMAND
WorldWide Papa's Plc / Key word(s): Product Launch/Miscellaneous 25.01.2012 / 10:00 --------------------------------------------------------------------- Corporate Press Release January 25, 2012 10.00am Central European Time WORLDWIDE PAPA'S LAUNCHES ADDITIONAL OPERATIONS FACILITY TO MEET INCREASING DEMAND After expanding to seven stores, World Wide Papa's begins development of a second Quality Control Center in Russia LONDON - January 25, 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, has announced plans to develop its second Quality Control Center (QCC) in the territory. The addition of a second QCC, which is slated to open in 2012, will increase WorldWide Papa's pizza dough manufacturing capacity and manage the rapid growth and increased demand WorldWide Papa's has experienced. The addition of a significantly larger second QCC will more than quadruple WorldWide Papa's pizza dough manufacturing capacity and play a critical role in the aggressive growth plans of the company. Located in the center of the city as opposed to the southwest quadrant, the second QCC will dramatically reduce the overall delivery costs of raw materials to stores as WorldWide Papa's continues its rapid growth within St. Petersburg. 'With the business nearly doubling in size in the last year alone, the opening of a second QCC in the region is an essential piece in meeting our goal of opening 40 stores by 2015,' said Darrin Stock, CEO and Founder of WorldWide Papa's. 'The proprietary Papa John's pizza dough plays an integral role in the consumer experience and the addition of a second QCC will ensure uninterrupted supply and ultimately facilitate the rapid growth of our brand throughout the region.' WorldWide Papa's first QCC was one of the only international facilities to be honored with a 'superior score' by Papa John's International quality assurance. Following the model created in the first facility, WorldWide Papa's will continue to set the highest standards for its newest QCC. 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. Contact: Gary Hamilton WorldWide Papa's, Plc ghamilton@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 --------------------------------------------------------------------- 25.01.2012 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 --------------------------------------------------------------------- 153829 25.01.2012
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