UFood Restaurant Group Closes Salt Lake City Restaurant
UFood Restaurant Group, Inc. (OTCBB: UFFC) announced today that its Salt Lake City franchisee has terminated the operation of the UFood Grill Restaurant in the city, as a casualty of the recession.
George Naddaff, the Company’s Chairman and Chief Executive Officer, stated, “We are disappointed that the recession is significantly reducing the number and size of consumer transactions that were at such high levels just a short time ago. Certain areas of the country have experienced severe declines in consumer traffic, which penalizes any style restaurant. Our success with nontraditional restaurant locations that include airports and hospitals are representing a compelling business model for our food concept. We remain persistent in being innovative in developing new menu items and price points that will continue to drive the consumer to our restaurants. While the times are difficult, we are encouraged how we are positioned to expand our concept of providing affordable, convenient, quick-service restaurants offering delicious food choices that are ‘better-for-you.’”
Investors wanting to be added to the UFood Restaurant Group email distribution list please email investor@ufoodgrill.com and you will be added to the list.
About UFood Restaurant Group, Inc.
UFood Grill takes a back-to-basics approach to tasty, healthful cooking, where everything served is high quality and guests are encouraged to make dining choices that work for their life and the way they like to eat. The UFood Restaurant Group was founded by George Naddaff, best known for his role as founder of Boston Chicken (now Boston Market), Living and Learning Schools, and Mulberry Childcare Centers. To learn more, please visit ufoodgrill.com.
