QualityStocks would like to highlight UFood Restaurant Group, Inc. (OTCBB: UFFC). Headquartered in Boston, Mass., UFood Restaurant Group, Inc. is a franchisor and operator of fast-casual food service restaurants. UFood Grill offers a healthy lifestyle alternative to consumers in the fast-casual restaurant space and is positioned to become a leading player in the "better-for-you" quick-serve restaurant category.
In the company’s news yesterday,
UFood Restaurant Group, Inc. announced it has granted a territorial franchise agreement to ASA Capital Alliance for the development of 10 UFood Grill units in British Columbia. The first unit is slated to open in Vancouver by April 2012.
ASA is an organization focusing on operating high-quality food establishments in the Vancouver metro market. ASA currently operate two Persian cuisine Cazba Restaurants in North Vancouver. The organization’s focus is complementary to UFood’s UFood Grill, which offers on healthier food choices, serving low calorie and low fat food, and when possible, serves meals that are antibiotic and hormone-free, gluten-free as well as natural, grass-fed beef and cage-free eggs.
“I am proud to bring UFood’s better-for-you quick-service model to Canada,” ASA CEO Zaid Al Chalabi stated in the press release. “Like Americans, Canadians are also focused on nutrition and health. UFood is a perfect solution for those with busy lifestyles who care about eating well.”
UFood has plans to expand into the military channel and will open three units at Aberdeen Proving Ground in Maryland, the first of which is under construction and the second is planned for construction start in eight weeks. UFood has airport locations in Boston, Cleveland and Dallas, and is approved for two more locations in the Salt Lake City airport, which will open in April of this year.
“The executives of ASA embrace a long family history of restaurant experience, real estate selection expertise, financial capability, local immersion and commitment to serving their customers the highest quality food,” said UFood CEO George Naddaff. “Mr. Chalabi’s proven success with the Cazba Restaurants and his drive to introduce healthy affordable food alternatives to consumers make him and his organization the ideal partner for UFood to expand into British Columbia. We look forward to working toward our first opening this spring.”
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