Mr. Dreibholz: Historically, the company was part of a much larger corporation by the name of Daka International until approximately 1998. In 1999, a new management team came on board and took control of the company, which included Bill Baumhauer, the CEO, myself as CFO and Don Lamb as the COO. Since that point in time, we've grown the company from 18 company-owned restaurants to 51 company-owned restaurants, so we've had some considerable growth. Our revenues have grown at a compounded annual rate in excess of 20% during that period of time. Currently we operate restaurants from California to New Jersey, from Minneapolis to Florida and from Texas to Cleveland. We're located in 22 states, so we have a very good geographic footprint across the country. Most of our restaurants range in size from about 8,500 square feet to 11,000 square feet and generate on average about $4.7 million in sales. Our current prototypical restaurant is about 8,500 square feet. In terms of some of the things we're doing right now, we've had record profitability and earnings per share over the past six quarters, so we're very proud of that. To put things into perspective, in our second quarter that just ended January 2, we had income from operations of approximately $3.9 million. In the previous year, we had $3.2 million income from operations for the second quarter, and the year prior to that, we had income from operations of about $2.3 million. As you can see, the profitability of the company has been growing. Right now we're anticipating opening approximately six to eight restaurants a year and we're on track to open six restaurants this current year. In addition, we just entered into a joint venture with Star Concessions out of Dallas, Texas, to open up our first airport operation in the Dallas-Fort Worth International terminal.
Tickers included in this excerpt: CMPP
For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.