Business
Pizza Pizza to Report Financial Results for Second Quarter on August 1, 2007
Pizza Pizza to Report Financial Results for Second Quarter on August 1, 2007.
About this update from Pizza Pizza Royalty Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, July 16 /CNW/ - Pizza Pizza Royalty Income Fund (the "Fund")\n(TSX: PZA.UN) today announced that it will issue its second quarter results\nvia news release at the close of business on August 1, 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, August 2, 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, August 2, 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\n available until midnight, Wednesday,\n August 15, 2007\nReservation number: 786640\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 in its restaurants. The trademarks were licensed to Pizza Pizza in\n2005 for 99 years, for which Pizza Pizza pays the Fund a royalty equal to 6%\nof the system sales of its Pizza Pizza restaurants in the Royalty Pool. As of\nJanuary 1, 2007, there were 531 Pizza Pizza restaurants in the Royalty Pool.\n\n\nA key attribute of the Fund's structure is the fact that it is a\n"top-line" fund. Royalty income of the Fund is based on top-line system sales\nof the royalty pool restaurants and is not determined by the profitability of\neither Pizza Pizza or the Pizza Pizza restaurants in the royalty pool. Given\nthis structure, the success of the Fund depends primarily on the ability of\nPizza Pizza to maintain and increase system sales of the royalty pool.\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...