WINSTON-SALEM, N.C., Oct. 21 /PRNewswire-FirstCall/ -- Krispy Kreme Doughnut
Corporation announced today that it has entered into a franchise development
agreement with Dominspec, S.A. for the development of 14 Krispy Kreme shops
over the next five years in the Dominican Republic. Dominspec, S.A. is a
quick service restaurant (QSR) conglomerate that operates Burger King and Papa
John's restaurants in the Dominican Republic.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991216/NYTH146 )
"Having an experienced and successful franchise partner like Dominspec, S.A.
introduce Krispy Kreme in the Dominican Republic is a great opportunity for
Krispy Kreme," said Jeff Welch, Krispy Kreme President, International.
"Dominspec, S.A. has significant QSR experience and we look forward to working
with them to share the one-of-a-kind Krispy Kreme experience with consumers
there."
"The addition of Krispy Kreme will strategically complement and widen
Dominspec, S.A. existing food and beverage operations," said Isabel Turull,
Managing Operator of Dominspec, S.A. "We are delighted to enter into a
franchise relationship with Krispy Kreme and be part of their international
expansion. Krispy Kreme is a well known brand around the world with terrific
tasting unique products and we expect Krispy Kreme to do very well in the
Dominican Republic."
The Krispy Kreme Original Glazed(®) doughnut can be found in 18 countries,
including the United States, Australia, Bahrain, Canada, Indonesia, Japan,
Kuwait, Lebanon, Malaysia, Mexico, the Philippines, Puerto Rico, the Republic
of Korea, Qatar, the Kingdom of Saudi Arabia, Turkey, the United Arab
Emirates, and the United Kingdom.
About Dominspec, S.A.
Is a conglomerate with more than 15 years of experience in the fast food
business, which includes Burger King with 30 restaurants, Papa John's with 3
restaurants, and entertainment business Palacio del Cine movie theatres with
25 screens in the country.
About Krispy Kreme
Krispy Kreme is an international retailer of premium-quality sweet treats,
including its signature Original Glazed® doughnut. Headquartered in
Winston-Salem, N.C., the company has offered the highest-quality doughnuts and
great-tasting coffee since it was founded in 1937. Krispy Kreme is proud of
its Fundraising program, which for decades has helped non-profit organizations
raise millions of dollars in needed funds. Today, Krispy Kreme can be found in
approximately 530 locations around the world. Krispy Kreme Doughnuts, Inc.
(NYSE: KKD) is listed on the New York Stock Exchange. Visit us at
www.KrispyKreme.com.
Information contained in this press release, other than historical
information, should be considered forward-looking. Forward-looking statements
are subject to various risks, uncertainties and assumptions. Should one or
more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
anticipated, estimated or expected. Among the key factors that may have a
direct bearing on Krispy Kreme's operating results, performance or financial
condition are the outcome of pending governmental investigations, including by
the Securities and Exchange Commission (the "SEC") and the United States
Attorney's Office for the Southern District of New York; potential
indemnification obligations and limitations of our director and officer
liability insurance; the quality of Company and franchise store operations;
our ability, and our dependence on the ability of our franchisees, to execute
on our and their business plans; our relationships with our franchisees; our
ability to implement our international growth strategy; our ability to
implement our new domestic operating model and refranchising strategy;
currency, economic, political and other risks associated with our
international operations; the price and availability of raw materials needed
to produce doughnut mixes and other ingredients; compliance with government
regulations relating to food products and franchising; our relationships with
wholesale customers; our ability to protect our trademarks; risks associated
with our high levels of indebtedness; restrictions on our operations and
compliance with covenants contained in our secured credit facilities; changes
in customer preferences and perceptions; significant changes in our
management; risks associated with competition; and other factors discussed in
Krispy Kreme's Annual Report on Form 10-K for fiscal 2008 and other periodic
reports filed with the SEC.
SOURCE Krispy Kreme Doughnut Corporation
Brian K. Little, Krispy Kreme, +1-336-726-8825, blittle@KrispyKreme.com
