off the press
Contact: Ted Storey
Senior Vice President, Business Development
Round Table Franchise Corporation
Round Table Pizza is First to Expand into Mongolia with Ten Restaurant Development Agreement
Ulan Bator, Mongolia – Round Table Pizza, an American pizza restaurant icon known for gourmet quality and fresh innovation, announced the signing of an exclusive agreement with Mongolia International Food Holding to develop 10 restaurants in Mongolia. Round Table Pizza’s entrance into Mongolia is a first for any major restaurant franchisor and reflects the growing importance of Mongolia in international commerce as it continues to develop its natural resources. The first Round Table Pizza restaurant is expected to open in Ulan Bator in September 2012. The announcement brings the total number of international Round Table Pizza restaurants operating or slated for development to 47.
“We continue to see increased interest from abroad as entrepreneurs recognize the value in the Round Table Pizza brand,” notes Round Table Pizza CEO and President Rob McCourt. “We are eager to work with partners, like Mongolia International Food Holding, who have the skills and resources to bring our core values of dedication to families and serving a superb pizza to a larger global audience.”
“We are excited to bring the great taste of Round Table Pizza to Mongolia,” said Mr. Ali Ghali, CEO of Mongolia International Food Holding. “Round Table Pizza is dedicated to bringing its quality ingredients and superior tasting pizza to Mongolia, and we are working hard with them to bring our customers the best of America. The food and beverage market in Mongolia is very promising and has a large potential for growth. To demonstrate our vision, we have entered into this partnership and investment with a valuable and an internationally recognized brand.”
About Round Table Pizza
Founded in California’s San Francisco Bay Area, Round Table Pizza was founded by Bill Larson in 1959 to create a place where families could relax and share a superb pizza. More than fifty years later, Round Table Pizza remains true to its founder’s vision with 450 restaurants across the western United States and the world. Round Table’s signature tagline, "The Last Honest Pizza", describes its commitment to quality and authenticity. Round Table Pizza has prospered as the market share leader in one of the most competitive markets in the United States, and it has more than 50 years of success in bringing families together to share a wonderful meal. Round Table is uniquely structured to provide its partners with the tools and flexibility necessary to launch successful, international restaurants.
About Mongolia International Food Holding
Mongolia International Food Holding (“MIFH”) is based in Ulan Bator and was founded by partners from Mongolia and the Gulf Cooperation Council (GCC), including one of the largest privately held companies in Mongolia. MIFH is an investor, developer and operator of international fast food franchise businesses across Mongolia and Central Asia. Through local partners in Mongolia, it has access to prime real estate ideal for international fast food franchises.