Business
Pizza Pizza to Report Third Quarter 2006 Results October 31, 2006
Pizza Pizza to Report Third Quarter 2006 Results October 31, 2006.
About this update from Pizza Pizza Royalty Corp.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Oct. 20 /CNW/ - Pizza Pizza Royalty Income Fund (the \"Fund\")\n(TSX: PZA.UN) today announced that it will issue its Third Quarter 2006\nresults via news release at the close of business on October 31, 2006.\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 Wednesday, November 1, 2006 at\n9:00 a.m. Unitholders and media are also invited to listen to the call.\n\n>\n\nAbout the Fund, a publicly-traded entity\nThe Fund is a limited purpose, open-ended trust established under the\nlaws of Ontario to indirectly acquire certain trademarks and trade names used\nby Pizza Pizza Limited (\"Pizza Pizza\") in its restaurants. The trademarks are\nlicensed to Pizza Pizza for 99 years, for which Pizza Pizza pays the Fund a\nroyalty equal to 6% of the system sales of its Pizza Pizza restaurants in the\nRoyalty Pool. As of January 1, 2006, there were 501 Pizza Pizza restaurants in\nthe Royalty Pool.\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.\nThe Fund's trust units are listed on the Toronto Stock Exchange under the\nsymbol PZA.UN.\n\nThe Company\nPizza Pizza Limited, a privately held-Canadian corporation, is one of\nCanada's most successful operators in the quick service restaurant industry.\nFounded in 1967, Pizza Pizza is guided by a mission to provide the \"best food,\nmade especially for you\" and a focus on quality ingredients, customer service,\ncommunity contribution and continual innovation.\nThe Fund's trust units are listed on the Toronto Stock Exchange under the\nsymbol PZA.UN.\n%SEDAR: 00022262EF\n\n\n","length":2595,"tagName":"div"}]