SOURCE: Meritage Hospitality Group Inc

Meritage Hospitality Group Inc

December 22, 2014 09:46 ET

Meritage Announces Grand Opening of 142nd Restaurant

A New Ultra-Modern Design Wendy's Located at Parkway Shops Jacksonville, FL

GRAND RAPIDS, MI--(Marketwired - Dec 22, 2014) - Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation's premier restaurant operators, announced the opening of its 142nd restaurant located in the Airport Parkway Shops - Jacksonville, FL. 

"We continue to open next generation Wendy's restaurants in the Southeastern U.S., offering many new career opportunities in the region," stated President and Chief Executive Officer, Robert E Schermer, Jr.

Meritage continues to execute its growth plan with acquisitions, and new development, and restaurant re-imaging associated with the Wendy's brand transformation. The Company believes its growth initiatives create a more efficient franchise business supported by brand and economic model relevance.

Company 2015 financial expectations include a twenty percent (+20%) revenue increase through a combination of same restaurant sales growth, new restaurant openings, and sales from a recent acquisition in Atlanta.

Meritage Hospitality Group is one of the nation's premier restaurant operators, with 142 QSR and Casual Dining restaurants located in Florida, Georgia, Michigan, North Carolina, South Carolina and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with approximately 5,100 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.

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