Business
Pizza Pizza to Report Financial Results for Third Quarter on November 12, 2007
Pizza Pizza to Report Financial Results for Third Quarter on November 12, 2007.
About this update from Pizza Pizza Royalty Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, Oct. 22 /CNW/ - Pizza Pizza Royalty Income Fund (the "Fund")\n(TSX: PZA.UN) today announced that it will issue its third quarter results via\nnews release during the morning of Monday, November 12, 2007. A conference\ncall will be held Monday, November 12, 2007 at 4:30 p.m.\n\n\nDetails of the Conference Call:\n\nDate: Monday, November 12, 2007\nTime: 4:30 p.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,\n Monday, November 26, 2007\nReservation number: 346887\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. The Fund, through a subsidiary, has acquired the trademarks\nand trade names used in Pizza Pizza and Pizza 73 branded restaurants. The\nPizza Pizza trademarks were licensed to Pizza Pizza Limited in 2005 for 99\nyears, for which it pays the Fund a royalty equal to 6% of the system sales of\nits Pizza Pizza restaurants in the Royalty Pool. Effective July 24, 2007, the\nFund acquired the Pizza 73 trademarks and trade names and licensed them to\nPizza Pizza Limited, for which it pays the Fund a royalty equal to 9% of the\nsystem sales of the 41 Pizza 73 restaurants added to the Royalty Pool. By\nadding these 41 Pizza 73 restaurants to the 531 Pizza Pizza restaurants\nalready in the pool, the Fund's Royalty Pool is 572 restaurants for the\nremainder of 2007.\n\n\nA key attribute of the Fund is that revenues are based on top-line,\nsystem sales of the Royalty Pool restaurants and not on the profitability of\neither Pizza Pizza Limited or the restaurants in the Royalty Pool. The success\nof the Fund depends primarily on the ability of Pizza Pizza Limited to\nmaintain and increase system sales of the Royalty Pool and to meet its royalty\nobligations.\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\n\n\nPizza Pizza Limited, a privately-held Canadian corporation, is one of\nCanada's most successful operators in the QSR industry. It operates franchised\nand corporate restaurants under the brand names Pizza Pizza and Pizza 73. The\nPizza Pizza brand is celebrating its 40th anniversary this year and dominates\nthe Ontario pizza QSR. The Pizza 73 brand is...