MTY Food Group Inc.

MTY Food Group Inc.

September 06, 2006 13:50 ET

MTY Food Group Inc.: Sushi Shop Acquisition Closed

MONTREAL, QUEBEC--(CCNMatthews - Sept. 6, 2006) - MTY Food Group Inc. (TSX VENTURE:MTY) Further to the Company's news releases dated July 21, 2006 concerning the proposed acquisition of all of the assets, tradenames, trademarks and franchise systems of Sushi Shop and Sushi Shop Express, the Company is pleased to announce that the transaction has now closed.

This is a great acquisition for the Company as it provides a great potential opportunity for further development.

There are presently 48 existing Sushi Shop and Sushi Shop Express outlets in operation in Quebec, for the retail sale of fresh sushi and related products for carryout and on-premise consumption. Eight new Sushi Shop outlets are scheduled to open within the next few months.

The Acquisition of Sushi Shop represents the Company's ninth acquisitions in the past few years. This acquisition will complement and expand the Company's existing quick service franchise operations, and bring the number of quick service franchise outlets in operation to over 780.

On Behalf of the Board of Directors of MTY Food Group Inc.

Stanley Ma, Chairman of the Board

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information