SCOTTSDALE, Ariz., July 21, 2016 /PRNewswire/ -- Kahala Brands,
Ltd.™ ("Kahala Brands")
(OTC:KAHL) (www.KahalaBrands.com) announced that the proposed
merger with a wholly-owned subsidiary of MTY Food Group, Inc., was
approved by the company's shareholders during a special
shareholder meeting today.
About Kahala Brands™
Kahala Brands™ is an
international franchising company with a portfolio of 18
quick-service restaurant brands with approximately 2,900 locations
in 27 countries including
Cold Stone Creamery®, Blimpie®,
TacoTime™, Samurai Sam's Teriyaki Grill®,
The Great Steak & Potato Company™,
NrGize Lifestyle Cafe™, Surf City
Squeeze®, Johnnie's New York Pizzeria™,
Cereality®, Kahala Coffee Traders®,
Frullati Café & Bakery™, Rollerz™,
Ranch One®,
America's Taco Shop®, Planet
Smoothie®, Tasti D-Lite™, Maui Wowi®
and Pinkberry®.
For more information about Kahala Brands™, please
visit www.KahalaBrands.com.
About MTY Food Group, Inc.
MTY is the franchisor and operator of approximately 2,700
restaurants, operating mainly in Canada and in 14 other
countries around the world. MTY is among the leaders in the
Canadian quick service restaurant industry, with systemwide sales
of over C$1 billion and 40 brands under its portfolio.
MTY is headquartered in St.-Laurent, Quebec, Canada and is traded on the
Toronto Stock Exchange under the symbol "MTY."
For more information about MTY, please visit MTY's website
at www.MTYGroup.com or visit SEDAR's website
at www.Sedar.com under MTY's name.
Note on Forward-Looking Information
Certain statements in this News Release may constitute
"forward-looking" statements that involve known and unknown risks,
uncertainties, future expectations and other factors which may
cause the actual results, performance or achievements of
Kahala Brands and/or MTY or industry
results to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. In some cases, forward-looking
statements can be identified by such terms as "anticipate",
"estimate", "may", "will", "expect", "predict", "believe", "plan"
and other terminology. Such statements reflect our current intent,
belief and expectations about future events and operating
performance, speak only as of the date of this News Release and are
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in the
forward-looking statements. Except as required by law, we assume no
obligation to update or revise forward-looking statements, whether
as a result of new information, future events or otherwise.
Additional information about MTY is available in MTY's Management's
Discussion & Analysis, which can be found on SEDAR at
www.Sedar.com.
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SOURCE Kahala Brands, Ltd.