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Photo Release -- Meritage Announces Grand Reopening of Restaurant

GRAND RAPIDS, Mich., March 20, 2015 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX:MHGU), one of the nation's premier restaurant operators, announced the reopening of its Wendy's restaurant located in Lilburn, GA. The restaurant represents the Company's seventh Image Activation restaurant and first renovation of the older image-style Wendy's building.





Photos accompanying this release are available at

http://www.globenewswire.com/newsroom/prs/?pkgid=31536

http://www.globenewswire.com/newsroom/prs/?pkgid=31537

Meritage continues to execute an exciting growth plan with acquisitions, new development, and restaurant renovations associated with the Wendy's brand transformation. The Company believes these growth initiatives will foster a more relevant consumer brand and economic model.

The Company's 2015 financial guidance includes;

  • Sales growth of 25% to 30%
  • EBITDA growth of 60% to 65%
  • Net earnings growth of 90% to 95%

Meritage Hospitality Group is one of the nation's premier restaurant operators, with 151 QSR and casual restaurants located in Florida, Georgia, Michigan, North Carolina, South Carolina and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with approximately 4,100 employees. The Company's public filings can be viewed at www.otcqx.com, under the stock symbol MHGU, or the Company's website www.meritagehospitality.com.

SAFE HARBOR STATEMENT

Certain information in this new release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, constitutes forward-looking statements. Factors set forth in our Safe Harbor Statement, in addition to other possible factors not listed, could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements.

CONTACT: Robert Schermer, Jr. CEO 616-776-2600Source:Meritage Hospitality Group Inc.