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):
March 18, 1999
THE QUIZNO'S CORPORATION
(Exact name of registrant as
specified in its charter)
Colorado 000-23174 84-1169286
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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
Item 5. Other Events. Other event
Press release regarding Quizno's heading for United Kingdom, Australia
Exhibit No. Description Reg.S-B Item No.
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*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: March 22, 1999 By:/s/ John L. Gallivan
John L. Gallivan, Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Reg.S-B Item No.
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*99.1 Press release 99
For Release 8 a.m. ET Thursday, March 18, 1999:
QUIZNO'S(R) Headed for United Kingdom, Australia
DENVER, Colo. - The Quizno's Corporation (Nasdaq: QUIZ) announced that it has
awarded Master Franchises for the development of QUIZNOS Classic Subs
restaurants in the United Kingdom and Australia.
The agreements bring the number of international developments for the chain to
four. Currently, there are 40 QUIZNO'S open in Canada in British Columbia and
Toronto. The first QUIZNO'S in Japan opened in downtown Tokyo in January.
Several hundred QUIZNO'S locations are anticipated in each of those countries
over the next decade under Master Franchise agreements there.
The principals of Quizno's Canada Corporation, which holds the Master Franchise
for Canada, have also bought the rights to develop 100 QUIZNO'S over the next
ten years in the United Kingdom for a fee of $510,000.
The first QUIZNO'S is scheduled to open in London this summer.
Glenvista Enterprises PLC has acquired the rights to a Master Franchise to open
100 QUIZNO'S over the next ten years in areas of Australia including Queensland,
New South Wales, Victoria and the Australian capital territory. The fee for this
franchise was $221,069.
"We have had significant interest in QUIZNO'S from several foreign countries,"
said Rick Schaden, President and CEO of The Quizno's Corporation. "So far, our
concept and our food have been very well received outside the U.S."
QUIZNO'S, an Italian-style deli which serves signature oven baked Classic Subs,
has grown from 18 restaurants in Denver in 1991 to more than 500 restaurants
open today in 35 states, Puerto Rico, Canada and Japan.
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, Japanese, UK and Australian 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. For
More Information Contact: Sue Hoover, Executive Vice President of Marketing The
Quizno's Corporation 303-291-0999, ext. 3242
