Same Store Sales Growth for the period January 1, 2006 through April 30, 2006 was 11.3%, compared to the same period last year.
Royalties paid to the Fund will be adjusted annually to include the franchise revenues of the new Boston Pizza restaurants opened prior to December 31 of each year. Since January 1, 2006, 16 new full-service restaurants have opened, bringing the total number of restaurants open in Canada as of June 9, 2006 to 242.
The Fund is a limited purpose, open-ended trust established under the laws of British Columbia to acquire indirectly certain trade marks and trade names used by Boston Pizza International Inc. (“BPI”) in its Boston Pizza restaurants in Canada. The trade marks are licensed to BPI for 99 years for which BPI pays the Fund 4% of franchise revenues of its 226 Boston Pizza restaurants in Canada as at December 31, 2005.
The trustees of the Fund have approved the contents of this news release.