SOURCE: Spicy Pickle Franchising, Inc.

November 08, 2010 16:01 ET

Spicy Pickle Franchising Appoints New Director to Board

DENVER, CO--(Marketwire - November 8, 2010) -  Spicy Pickle Franchising, Inc. (OTCBB: SPKL), operator of the fast casual Spicy Pickle® restaurant chain in the United States and BG Urban Café™ restaurant chain in Canada, today announced it has appointed Carl Vertuca to its seven member board of directors. 

Mr. Vertuca is president of the Vertuca Group, a venture capital and real estate investment company and is a managing member of the limited liability company that is the general partner of SOB Ventures, a private equity fund. In his career, Mr. Vertuca has held senior financial positions at IBM and Storage Tech Corporation.

Mr. Vertuca is also a director of DDI Corp., a publicly held company, where he serves as chairman of the audit committee and a member of the finance, nominating, and governance committees. He previously was executive vice president of finance, corporate development and administration and a director of The Dii Group, a publicly held company, until it was sold to Flextronics International. 

In making the announcement, CEO and director Mark Laramie noted that, "Mr. Vertuca brings to our board very strong credentials in business and finance and completes our move to an extremely capable and professional board of directors all of whom have 'been there before'. I believe this is now the strongest board with which I have ever been associated, and I have been associated with some excellent boards."

Other serving directors are:

Dr. Presley O. Reed (chairman of the board), chief medical officer and chairman of Reed Group, Ltd, a workplace absence management business, and publisher of the MDGuidelines;

Morris J. Siegel (chairman of the audit committee), investor, and co-founder and previously CEO of Celestial Seasonings, Inc., the largest manufacturer and retail marketer of herbal and specialty teas in North America. Mr. Siegel also serves on the board of Whole Foods Market, Camelback Corp., and Annie's Homegrown Foods;

Gregory K. Marshall (chairman of the compensation committee), head of the Marshall Consulting Group, independent consultant to the food service industry. Previously Mr. Marshall was senior vice president of Sysco Corporation, a national, multi-billion dollar foodservice distributor. Mr. Marshall also founded Sygma Network, Inc. and built it into the nation's second largest distributor to restaurant chains before selling it to Sysco. He serves on the board of CiCi's Pizza;

Patricia S. Reed, previously president of the Reed Group, Ltd; and

Raymond J. BonAnno, CEO and chairman of the board of Fleet Car-Lease, Inc., a new and used vehicle transport business. 

Mr. Siegel, Mr. Marshall and Mrs. Reed joined the board in March 2010, and Mr. Laramie joined the board in April 2010.

ABOUT SPICY PICKLE® AND BG URBAN CAFÉ™ BRANDS:
Founded in 1999, Spicy Pickle Franchising, Inc. (OTCBB: SPKL) serves high quality meats and fine artisan breads baked fresh daily, along with a wide choice of eight cheeses, 22 toppings, and 14 proprietary spreads to create healthy, delicious panini and sub sandwiches with flavors from around the world. As a leading "fast-casual" concept, Spicy Pickle restaurants offer menu items that are far beyond traditional fast food without the price points of casual dining. The hallmark of a Spicy Pickle restaurant is great food and quality service in an enjoyable atmosphere. The company is headquartered in Denver, Colorado, with restaurants in 10 states. A Spicy Pickle Franchising subsidiary owns and operates as franchisor of the BG Urban Café brand in the metropolitan Vancouver, Canada area. BG Urban Café locations serve coffee, pastries, breakfast items, lunch, dinner and a wide variety of desserts. Visit our website at www.spicypickle.com.

Forward-Looking Statements:
Certain statements in this press release, including statements regarding the number of restaurants we intend to open, are forward-looking statements. We use words such as "anticipate," "believe," "could," "should," "estimate," "expect," "intend," "may," "predict," "project," "target," and similar terms and phrases, including references to assumptions, to identify forward-looking statements. The forward-looking statements in this press release are based on information available to us as of the date any such statements are made and we assume no obligation to update these forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the statements. These risks and uncertainties include, but are not limited to, the following: factors that could affect our ability to achieve and manage our planned expansion, such as the availability of a sufficient number of suitable new restaurant sites and the availability of qualified franchisees and employees; risks relating to our expansion into new markets; the risk of food-borne illnesses and other health concerns about our food products; changes in the availability and costs of food; changes in consumer preferences, general economic conditions or consumer discretionary spending; the impact of federal, state or local government regulations relating to our franchisees and employees, and the sale of food or alcoholic beverages; the impact of litigation; our ability to protect our name and logo and other proprietary information; the potential effects of inclement weather; the effect of competition in the restaurant industry; and other risk factors described from time to time in our SEC reports.