UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report: (Date of Earliest Event Reported):
January 11, 1999
THE QUIZNO'S CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 000-23174 84-1169286
(State or other (Commission File (IRS Employer
jurisdiction Number) Identification No.)
of incorporation)
1099 18th Street, Suite 2850, Denver, Colorado, 80202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 291-0999
None
(Former name or former address, if changes since last report)
Item 5. Other Events. Other event
Press release regarding opening of restaurant at the Yurakucho Train station in
the heart of Tokyo's Ginza district.
Exhibit No. Description Reg. S-B Item No.
99.1 Press release 99
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE QUIZNO'S CORPORATION
Date: January 11, 1999 By:/s/ John L. Gallivan
John L. Gallivan, Chief Financial
Officer
FOR IMMEDIATE RELEASE
February 11, 1999
First QUIZNO'S Restaurant Opens in Japan
DENVER, Colo. - The Quizno's Corporation (Nasdaq: QUIZ) based here in Denver
announced that it opened its first QUIZNO'S Classic Subs restaurant at Yurakucho
Train station in the heart of Tokyo's Ginza district on January 28.
The opening is the first of many QUIZNO'S restaurants planned in Japan over the
next ten years under a Master Franchise Agreement granted late last year to KMN
U.S.A., LLC, based in California. KMN sub-licensed the agreement to Quizno's
Japan Corporation.
Japan represents the second international development underway by the growing
QUIZNO'S restaurant concept. In addition to some 450 QUIZNO'S Classic Subs open
in 35 U.S. states and Puerto Rico, another 35 QUIZNO'S are open in British
Columbia and Toronto under a national Canadian Master Franchise Agreement held
by Quizno's Canada
Corporation.
Nick Nishigane, president of KMN, and Mr. Kazuyoshi Abe, president of Quizno's
Japan, reported strong early sales and very positive response to the QUIZNO'S
Classic Subs product by Japanese customers.
Rick Schaden, President and CEO of The Quizno's Corporation, attended the ribbon
cutting on opening day.
"Our Japanese partners appear to have selected a very good first site with a
large potential customer base of office workers and business people very similar
to our QUIZNO'S core customers in the U.S.," said Schaden.
Hundreds of thousands of Japanese office workers pass by the QUIZNO'S throughout
the day on their way to and from the train station.
QUIZNO'S is an Italian deli-style restaurant that serves signature oven baked
Classic Subs. The chain consisted of 18 restaurants in 1991 when Schaden, a
former franchisee, took the helm.
This release contains forward-looking statements (as defined in the Private
Securities Litigation Reform Act of 1995) that are subject to risks and
uncertainties that could cause actual results to differ materially from those
set forth in the forward-looking statements. Such risks and uncertainties
include the effect of national and regional economic and market conditions, the
eating habits of the American, Canadian and Japanese public, cost of labor and
employee benefits, cost of marketing, intensity of competition for locations as
well as customers, perception of food safety, legal claims and the availability
of financing for the Company and its franchisees. Such risks are detailed from
time to time in the Company's reports filed with the SEC, including the report
on Form 10-KSB for the year ended December 31, 1997.
CONTACT: Sue Hoover, EVP, The Quizno's Corporation, (303) 291-0999,
ext. 3242
