MILLER PLACE, N.Y., Dec. 5, 2005 (PRIMEZONE) -- Rockelle Corporation (OTCBB:RKLC), a franchiser, developer and operator of specialty food restaurants and cafes, announces today that it has begun trading on the Nasdaq over-the-counter market.
Gerard Stephan, President and Founder of Rockelle Corporation, said, "I am pleased to announce that after years of hard work and effort, Rockelle Corporation is a publicly traded company." In early 2005, Rockelle Corporation purchased the exclusive rights to operate and franchise Taco Time restaurants in all five Burroughs of New York (Manhattan, Brooklyn, the Bronx, Staten Island and Queens) as well as Nassau and Suffolk Counties, in Long Island, NY. The population of these combined areas, covered by Rockelle's exclusive rights agreement, exceeds 11 million people.
Taco Time is an upscale Mexican food franchise with a forty-plus year history. The Taco Time franchise chain has over 300 locations, primarily in the Northwestern United States, and multiple international locations in other countries, including Canada and Japan. Taco Time International, Inc. (www.tacotime.com) was purchased in 2004 by Kahala Corporation (www.kahalacorp.com), a $450 million dollar international food/restaurant franchiser, currently franchising six different restaurant concepts.
Mr. Stephan stated, "I have been in the quick service restaurant business and the commercial construction industry for over thirty years. I believe that with my combined experience and the population demographics we will be marketing to, we are well positioned to take advantage of commercial build-out cost savings and the franchising and marketing opportunities presented to us."
According to the Restaurant Industry Association forecast, restaurant-industry sales will continue to rise, reaching a record $440 billion in 2004, marking the 13th consecutive year of real sales growth. The quick-service restaurant sales were expected to increase to $124 billion. The fastest growing sector in the quick-service food industry in the U.S. is the "Mexican" food establishments, which account for approximately 40% of this sector's increase.
Additionally, Rockelle Corp. has several other food and food related concepts that they plan to pursue over the weeks and months ahead. Rockelle Corp. believes this will provide a strong foundation for future growth.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides "safe harbor" for forward-looking statements. This press release contains forward-looking statements regarding intent, belief or current expectations of the Company and members of its senior management. While the Company believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, prospective investors are cautioned that such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that would cause actual results to differ materially from those contemplated within this press release include but are not limited to, those associated with general business conditions; client concentration; dependence on network providers; timely and efficient implementation of customer contracts; developments in health care reform and other regulatory issues and changes in laws and regulations in key states where the Company operates; future capitol needs; control by directors and officers; and the loss of key management personnel. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events.