NuCO2 and Friendly Ice Cream Sign Master Service Agreement
20 Juni 2006 - 11:19PM
PR Newswire (US)
STUART, Fla., June 20 /PRNewswire-FirstCall/ -- NuCO2 Inc.
(NASDAQ:NUCO), the largest supplier in the U.S. of bulk CO2 systems
and services for carbonating fountain beverages, today announced
the signing of a master service agreement with Friendly Ice Cream
Corporation (AMEX:FRN), the Massachusetts-based operator and
franchiser of more than 515 Friendly's restaurants located in the
Eastern United States. The agreement with Friendly Ice Cream
formalizes an existing long-term relationship between the two
companies. The agreement covers 324 corporate and franchised units
and names NuCO2 as the preferred CO2 supplier for all of its
franchised units. "We are very pleased to enter into this Master
Service Agreement with Friendly's, and are appreciative of the
business we have enjoyed to date and the business we will gain as a
result of this formalized agreement," said Jack Wilson, EVP and
Chief Customer Officer of NuCO2. "For 70 years Friendly's has grown
its reputation for providing an environment where family and
friends can enjoy quality food and beverages. We are delighted to
have the opportunity to play our role in making Friendly's fountain
beverages taste as great as their food." About Friendly's Friendly
Ice Cream Corporation is a vertically integrated restaurant company
serving signature sandwiches, entrees and ice cream desserts in a
friendly, family environment in more than 515 company and
franchised restaurants throughout the Eastern United States.
Friendly's also manufactures ice cream, which is distributed
through more than 4,500 supermarkets and other retail locations.
With a 70-year operating history, Friendly's enjoys strong brand
recognition and is currently revitalizing its restaurants and
introducing new products to grow its customer base. Additional
information on Friendly Ice Cream Corporation can be found on its
website at http://www.friendlys.com/ About NuCO2 NuCO2 Inc. is the
leading and only national provider of bulk CO2 products and
services to the U.S. fountain beverage industry. With service
locations within reach of virtually all of the fountain beverage
users in the Continental U.S., NuCO2's experienced professionals
comprise the largest network of sales and support specialists in
the industry serving national restaurant chains, convenience
stores, theme parks and sports and entertainment complexes, among
others. NuCO2's revenues are largely derived from the installation,
maintenance and rental of bulk CO2 systems and delivery of beverage
grade CO2, which are increasingly replacing high pressure CO2,
until now the traditional method for carbonating fountain
beverages. The technology offers consistent quality, greater ease
of operation, and heightened efficiency and safety utilizing
permanently installed on-site cryogenic storage tanks. NuCO2
provides systems and services that allow its customers to spend
more time serving their customers. Visit NuCO2's website at
http://www.nuco2.com/ . Statements contained in this press release
concerning the Company's outlook, competitive position and other
statements of management's beliefs, goals and expectations are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and are subject to risks and uncertainties
that could cause actual results to differ materially from those
expressed in or implied by the statements. With respect to such
forward-looking statements, we claim protection under the Private
Securities Litigation Reform Act of 1995. These risks and
uncertainties include, but are not limited to, the ability of the
Company to add new accounts, competition and future operating
performance. The Company disclaims any obligation to update any
forward-looking statement as a result of developments occurring
after the date of this press release. DATASOURCE: NuCO2 Inc.
CONTACT: Michael E. DeDomenico, Chairman and CEO, or John E.
Wilson, Chief Customer Officer and Executive Vice President, both
of NuCO2 Inc., +1-772-221-1754 Web site: http://www.nuco2.com/
http://www.friendlys.com/
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