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UFood Restaurant Group (UFFC) Sees Upcoming Expansion with Military Channel Growth via Joint Venture Agreement

|Includes: Ufood Restaurant Grp (UFFC)

Located in Boston, Massachusetts, UFood is a franchisor and operator of fast-casual food service restaurants that is poised to leave their presence on the marketplace by offering a healthy lifestyles alternative to traditional fast-food restaurants. Today, UFood announced they have signed a joint venture agreement to focus on the expansion of the UFood Grill concept within U.S. military installations around the world.

The joint venture agreement is with MBUF, LLC, which is a private investment group of military veterans. This venture will launch with the opening of the first of three UFood Grills at the Aberdeen Proving Ground in Maryland with construction to begin immediately.

Francis L. Shea, whom serves as a partner for MBUF, stated, “It is clear that healthier dining options are being mandated by the military leadership, their soldiers and their families. As we have begun meeting with bases to discuss the concept, we’ve received an overwhelmingly positive reception. Bringing the UFood Grill concept to military installations will give our military and their families’ access to better-for-you food served fast, a perfect fit for the military lifestyle.”

Leading the way at UFood is George Naddaff whom serves as the company’s CEO. Naddaff commented, “Since we began planning for Aberdeen, we realized that the military could represent a significant growth opportunity for us, given our national focus on nutrition and the well-being of our military. Our partners in this, military veterans themselves with distinguished careers, are uniquely suited to guide us through this expansion. We look forward to our upcoming opening at Aberdeen and to creating new opportunities together.”

Currently, UFood Restaurant Group is trading in the $0.15 range. To learn more about UFood Restaurant Group, visit their corporate website at: ufoodgrill.com

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