Mr. Macdonald: Afton is a company that was founded late in 1993. It was founded to act as a consolidator of franchisors. We have developed the company over the past years that has grown into a leading franchisor in Canada. We also have operations across North America, and we also have operations in Saudi Arabia. We've grown our company to some 500 stores, primarily franchised, which is one of the strengths of the company. We control five leading brands, Robin's' Doughnuts, 241 Pizza', Mrs. Powell's Bakery Eatery', Ruffage' and Donut Delight Caf‚. We've grown from a standing start to a company that now generates more than $200 million a years in system sales, and $30 million in revenue on an annualized basis. We have been cash flow positive and earnings positive in a growth mode now for almost five years.
TWST: Is Robin's a company which you recently acquired?
Mr. Macdonald: We purchased Robin's on March 31, 2000, which took us up
to the goal that we set for this company a little more than five years
ago, and it got us to our goals of number of stores and systems sales,
and earnings as well.
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