|By PR Newswire||
|August 27, 2014 09:40 AM EDT||
PITTSBURGH, Aug. 27, 2014 /PRNewswire/ -- Unique Pizza and Subs Corporation (OTC Pink: UPZS), a Delaware Corporation, is pleased to announce 30 million shares of its common stock will be removed from the issued and permanently retired and the company also announces the development of a frozen breakfast pizza. With the retirement of the stock, the total issued and outstanding is 50,593,923. This cuts the overall issued stock by over 37% and keeps the company in a strong position moving forward. Unique Pizza and Subs is also developing a breakfast pizza for distribution to the major fast food industry. Capitalizing on Dr. Reddy's contacts they are in discussions with major fast food chains in the United States to distribute this new product line.
James Vowler, President and CEO of Unique Pizza and Subs Corporation, said, "It is our corporate goal to make sure as we grow, we also continue to build share value for our loyal shareholders. By retiring over 37% of the common stock it positions Unique to achieve our company goals while allowing the shareholders to enjoy the much deserved assurance that we will continue to make the right choices for the company and for their much valued investment." Vowler continues, "About 12 years ago we developed an entire line of breakfast pizzas and had a lot of success in the locations we sold them in. Dr. Reddy has always expressed a strong interest in developing and supplying a Unique gourmet frozen breakfast pizza to the major fast food industry and is willing to use his connections to open those doors for us. Retiring this stock and developing a frozen breakfast pizza were always part of the overall corporate plan and is another positive and transparent step in achieving our worldwide expansion."
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE Unique Pizza and Subs Corporation
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