SOURCE: Tilden Associates

October 25, 2005 08:00 ET

Tilden Associates, Inc. Announces Name Change and Letter of Intent to Franchise Got Pizza Music Café

WEST HEMSTED, NY -- (MARKET WIRE) -- October 25, 2005 --Tilden Associates (OTC BB: TLDN) announces that it has received shareholder and board approval to change its name to Franchise Development Corporation to better reflect the new business direction of the company.

Tilden Associates announces that it has signed a definitive letter of intent to purchase the rights to franchise Got Pizza Music Café internationally from Blue Moon Group, Inc., based in Tampa. Got Pizza's proven concept sells the absolute best testing pizza, lasagna, stromboli and other popular Italian fare, in a music-filled, casual-but-elegant atmosphere. Excellent Italian food and the exciting sounds of the newest musical talent available for sale: under the Blue Moon label.

Americans eat approximately 100 acres of pizza each day. They buy an average of 1.6 million CDs in the same amount of time, each industry outpacing each other at a rate of $30 billion a year. Got Pizza Music Café is positioned in the fastest growing popular food industry (Pizza and Italian food) and is America's fastest growing restaurant concept (Fast Casual) with Music and CD sales.

Tilden is excited about this new venture and looks forward to final agreements being signed within the next sixty days.

The statement which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including both not limited to, changes in the market for the internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words "intend," "expect," "should," "project," and "anticipate" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date they were made.

Contact Information

  • For more information contact:
    Robert Baskind
    (561) 746-7911