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Meritage Announces Opening of Multiple Wendy’s Locations

GRAND RAPIDS, Mich., July 22, 2015 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX:MHGU), one of the nation’s premier restaurant operators, announced the grand opening of two new Wendy’s locations; Nocatee, FL and Spout Springs, GA. The new Wendy’s will represent the Company’s 151st and 152nd restaurants in operation. In addition, the Company is hosting the grand re-opening of Standale, Michigan which is a newly renovated “image activation” Wendy’s restaurant.

Photos accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/915c63d7-73e3-4703-8a47-8802f785b62d

http://www.globenewswire.com/NewsRoom/AttachmentNg/2bbba810-0c9a-43e5-8168-2ba91be5f0ac

http://www.globenewswire.com/NewsRoom/AttachmentNg/0a44469a-9d9b-4122-a761-0742daf91eec

“The Company’s new Wendy’s restaurants continue to generate impressive sales volumes and very high customer satisfaction. The system goal is to have 60% of the restaurants image activated by the end of 2020, and we are currently on schedule for 10% of our restaurants to be image activated by year end,” stated Meritage CEO, Robert E. Schermer, Jr.

Meritage continues to deploy investment capital on new restaurant development, acquisitions and renovations associated with the Wendy’s brand initiatives.

Meritage Hospitality Group is one of the nation’s premier restaurant operators, with 152 QSR and casual restaurants located in Florida, Georgia, Michigan, North Carolina, South Carolina and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a growing workforce of 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.


Robert Schermer, Jr. CEO 616-776-2600

Source:Meritage Hospitality Group, Inc.