DALLAS, June 6, 2006 (PRIMEZONE) -- Hudson's Grill International, Inc. (OTCBB:HGIIA), based in Dallas, Texas, announced today that on May 26, 2006, the company signed a franchise agreement with Service Solutions of Oshkosh, Inc., a Wisconsin corporation formed to open a new Hudson's Classic Grill in Oshkosh, Wisconsin. Service Solutions of Oshkosh, Inc. is owned by Jim and Lisa Stabile, who also own a franchise in Appleton, Wisconsin. Mr. Stabile is the Midwest representative for Hudson's Grill International.
This will be the third Hudson's Grill restaurant with which Mr. Stabile has been associated. It will be located at 1051 S. Washburn Street, Oshkosh, Wisconsin. The property has been used recently as a restaurant. The franchisee anticipates opening the new restaurant in early July after renovating it.
Hudson's Grill International, Inc. plans to purchase the property located at 1051 S. Washburn, Oshkosh, Wisconsin, and then lease it to its new franchisee for 20 years. Closing for the purchase is currently set for June 9, 2006.
The company also announced that the Hudson's Grill restaurant in San Luis Obispo, California, recently closed and that Hornblowers, a restaurant in Ventura, California, that was obligated to the company on a note receivable, also closed. The company does not anticipate any recovery from the closed restaurants.
Hudson's Grill International is a public company; the company's class A common shares are currently being quoted and traded over the counter on the bulletin board under the NASD symbol HGIIA.
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