SOURCE: Meritage Hospitality Group

Meritage Hospitality Group

March 08, 2013 08:58 ET

Meritage Reports Acquisition of Wendy's Restaurant in Buford, Georgia

GRAND RAPIDS, MI--(Marketwire - Mar 8, 2013) - Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation's premier restaurant operators, announced the acquisition of its 112th Wendy's restaurant located in Buford, Georgia. 

This transaction represents our eighth Wendy's acquisition in recent years. "We are committed to growth in the Wendy's brand and welcome our new team members to Meritage," stated Robert Schermer, Jr., CEO of Meritage Hospitality Group. 

Meritage continues to invest in the long-term fundamentals of the Wendy's restaurant brand and remains focused on executing its restaurant growth plan, targeting growth in both existing and new designated market areas. The Company owns and operates 112 restaurants in six states including Florida, Georgia, Michigan, North and South Carolina and Virginia.

The Company is headquartered in Grand Rapids, MI and employs a workforce of approximately 3,500 people. The Company's public filings can be viewed at www.otcqx.com under the stock symbol MHGU, or at 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.
Please review the Company's Safe Harbor Statement at http://www.meritagehospitality.com