SOURCE: Meritage Hospitality Group

Meritage Hospitality Group

September 13, 2013 09:44 ET

Meritage Reports Acquisition of Two Wendy's Restaurants in Jacksonville Designated Market Area

GRAND RAPIDS, MI--(Marketwired - Sep 13, 2013) - Meritage Hospitality Group Inc. (OTCQX: MHGU), one of the nation's premier restaurant operators, announced the acquisition of two Wendy's restaurants in the Jacksonville, FL designated market area.

The newly acquired Wendy's restaurants are located in Kingsland, GA and Jacksonville, FL.

"On behalf of Meritage we wish to welcome our 90 new Wendy's team members to the Company." stated Robert Schermer, Jr., CEO of Meritage Hospitality Group. "Meritage remains committed to acquisitions, new store development and the modernization of its Wendy's restaurant portfolio," added Mr. Schermer.

In addition Meritage has commenced construction on three Wendy's "Image Activation" remodel programs, which the company believes will accelerate the brand transformation of its Wendy's portfolio. 

The Company is headquartered in Grand Rapids, MI and employs a workforce of approximately 3,900 people. The Company owns and operates 115 restaurants in six states including Florida, Georgia, Michigan, North and South Carolina and Virginia.

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