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Noble Roman, Inc. (NROM) Gives Update On Expansion Efforts Of Take'N’Bake Concept

|Includes: Noble Roman's, Inc. (NROM)

Indianapolis based franchisor of Noble Roman's Pizza and Tuscano's Italian Style Subs, Noble Roman, provided an update today on the continued expansion of its popular take-n-bake (TNB). The expansion currently targets grocery stores around the country as well as market growth of its stand-alone take-n-bake franchises.

The company has signed four new stand-alone TNB franchise agreements in the last two weeks alone, bringing the total number of take-n-bake franchises open or currently in development to 20 total. Of those, seven are currently in operation and open; 13 are under construction and have tentative openings scheduled during the next several months.

As of today approximately 1,650 license agreements have been signed. Noble Roman has been steadily expanding its grocery network, promoting additional interest from grocery chains nationwide. Management continues to attend grocery trade shows to create industry awareness, including the International Dairy Deli Bakery Association trade show in Orlando in June, and as a result, interest has been steadily expanding.

"We have been extremely pleased with the initial reception to our take-n-bake concept, both for stand-alone franchises and grocery stores, and this has been reflected in the growth we've seen thus far in 2013," commented Paul Mobley, Chairman and CEO, Noble Roman's Inc. "Take-n-bake continues to be one of the fastest growing segments of the pizza industry, and Noble Roman's is at the forefront of this trend. We continue to grow our pipeline of franchise prospects for the stand-alone take-n-bake concept, and expect to have several others under development over the coming weeks. We have signed license agreements for approximately 1,650 grocery stores to carry our TNB product, and expect to add to our grocery network steadily in the coming months."

Additionally, Noble Roman continues its steady growth in non-traditional venue areas, adding 30 non-traditional franchise/license agreements in 2013 thus far.

Noble Roman's Take-n-Bake creations are anchored in the chain's popular hand-tossed style pizzas. Some of those pizzas include Deep-Dish Sicilian and the SuperThin pizza. Noble Roman's famous breadsticks with spicy cheese sauce are also a great draw. All items are in a convenient cook-at-home format. Additional menu offerings will include cinnamon rounds, fresh salads, cookie dough, bake-able pasta, cheesy sticks, and more.

The company's current success comes from strategic grocery store licensing agreements to carry Noble Roman's delicious take-n-bake pizzas. The Noble Roman stand-alone take-n-bake unit requires only 900 square feet with minimal equipment, resulting in a much lower investment cost. In addition the take-n-bake units require less labor and generate lower operating costs such as utilities, making it an affordable franchise for many to operate.

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