FOR: MERITAGE HOSPITALITY GROUP INC.
Meritage Reports First Quarter 2012 ResultsMAY 1, 2012 - 15:29 ET
GRAND RAPIDS, MI--(Marketwire - May 1, 2012) - Meritage Hospitality Group Inc. (
First Quarter 2012 Highlights
"Our focus remains on operational excellence, margin improvements and facility upgrades in our Wendy's restaurant portfolio. We are aggressively seeking opportunities to implement our web-based operating platform and team in the Wendy's restaurant system," stated Robert E. Schermer, Jr., the company's CEO. The Company's wholly owned Twisted Rooster casual dining restaurants continue to perform well, and the Company plans to add one to two new restaurants in 2012.
Meritage is one of the nation's premier restaurant operators, currently operating 89 quick service and casual dining restaurants. The Company is headquartered in Grand Rapids and employs a workforce of approximately 2,800. Meritage seeks growth opportunities to capitalize on its substantial restaurant development and operating expertise. The Company's public filings can be viewed at www.otcqx.com under the stock symbol MHGU, or at the Company's website, www.meritagehospitality.com.
SAFE HARBOR STATEMENT
Certain information in this news release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, constitutes forward-looking statements. Factors set forth in our Safe Harbor Statement, in addition to other possible factors not listed, could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company's Safe Harbor Statement at http://www.meritagehospitality.com.