Burgerfuel Sales Up 41%
Attention Business Editors
For Immediate
Release
July 9, 2007
BURGERFUEL SALES UP 41%
BurgerFuel today announced that its total system
sales have jumped 41%. It reported that unaudited total
system sales for the first quarter to June 30, 2007 were
$5,074,935 against $3,593,238 for the same period last
year.
BurgerFuel’s prospectus reported total system sales for the year ended March 31, 2007 of $16.4 million. Today the company said that the weekly average for the first quarter to June 30, 2007 was $390,379 as against its $276,403 per week average for the same period last year. It reports that last week’s unaudited total system sales were $445,011.
Increased total system sales correlate directly to increased revenue for BurgerFuel Worldwide.
The company’s Chief Executive Officer Chris Mason says that part of the IPO process has been about highlighting our brand and product to not only existing customers but new customers as well.
“Although we are experiencing larger sales as a result of IPO interest, BurgerFuel sales have been growing based on our quarter by quarter comparison to last year. Each new store we open adds on average over $1 million in sales per year to total system sales.”
BurgerFuel says Computershare has received close to a thousand applications for share parcels and that the offer still has 11 days to run.
“The loyalty and interest from our customers and investors is hugely encouraging, they’re backing BurgerFuel to go global,” says Mason.
Mason says that investors now understand the BurgerFuel business model and the value of the brand with interest in both the IPO and the company escalating daily.
“What people are experiencing is our stores, our product, our brand and our ability to market professionally with a strong degree of innovation,” says Mason.
BurgerFuel will open its 21st store next week in Queen Street Auckland. “We have a great location in the Civic Building next to Borders at the entry to one of New Zealand’s busiest cinema complexes,” says Mason.
The company’s prospectus contains an offer for 15 million shares issued at $1.00 each, with one option for every five shares acquired in the IPO.
The BurgerFuel Worldwide IPO offer closes on Monday July 16, 2007.
A copy of the
registered prospectus can be obtained free of charge online
at www.burgerfuel.com/shares and is available from any
BurgerFuel store or NZX Advisors.
Burger Fuel Worldwide Limited has applied to NZX for listing as an NZAX issuer. All the requirements of NZX for quoting of securities, that can be complied with on or before the date of distribution of this press release, have been complied with. However NZX accepts no responsibility for any statement in this press release.
ENDS