Business
Pizza Pizza to Report Financial Results for First Quarter on May 2, 2007
Pizza Pizza to Report Financial Results for First Quarter on May 2, 2007.
About this update from Pizza Pizza Royalty Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, April 18 /CNW/ - Pizza Pizza Royalty Income Fund (the "Fund")\n(TSX: PZA.UN) today announced that it will issue its first quarter results via\nnews release at the close of business on May 2, 2007.\n\n\nThe Fund invites analysts and portfolio managers to participate in a\nconference call with Daniel Vukovich, Chief Operating Officer, Curtis Feltner,\nChief Financial Officer and Pat Finelli, Chief Marketing Officer to discuss\nthe results. The call will take place on Thursday, May 3, 2007 at 9:00 a.m.\nUnitholders and media are also invited to listen to the call.\n\n\nDetails of the Conference Call:\n\nDate: Thursday, May 3, 2007\nTime: 9:00 a.m. EST\nCall in number: 416-642-5212 or 1-866-321-6651\nRecording call in number: 416-915-1028 or 1-866-244-4494 available\n until midnight, Wednesday, May 16, 2007\nReservation number: 775289\n\n\nAbout the Fund, a publicly-traded entity\n\n\nThe Fund is a limited purpose, open-ended trust established under the\nlaws of Ontario to indirectly acquire the trademarks and trade names used by\nPizza Pizza Limited ("Pizza Pizza") in its restaurants. The trademarks were\nlicensed to Pizza Pizza in 2005 for 99 years, for which Pizza Pizza pays the\nFund a royalty equal to 6% of the system sales of its Pizza Pizza restaurants\nin the Royalty Pool. As of January 1, 2007, there were 531 Pizza Pizza\nrestaurants in the Royalty Pool.\n\n\nA key attribute of the Fund is that it is based on top-line, system sales\nof the Royalty Pool restaurants and not on the profitability of either Pizza\nPizza or the restaurants in the Royalty Pool. The success of the Fund depends\nprimarily on the ability of Pizza Pizza to maintain and increase system sales\nof the Royalty Pool and to meet its royalty obligations.\n\n\nThe Fund's trust units are listed on the Toronto Stock Exchange under the\nsymbol PZA.UN.\n\n\nAbout Pizza Pizza Limited, the privately-owned operating company\n\n\nPizza Pizza Limited, a privately-held Canadian corporation, is one of\nCanada's most successful operators in the quick service restaurant industry\nand is celebrating its 40th anniversary this year. Founded in 1967, Pizza\nPizza is guided by a mission to provide the "best food, made especially for\nyou" and a focus on quality ingredients, customer service, community\ncontribution and continual i...