IrvT, a franchise may be relatively cheap, at this point in time.

Here's the latest update from OTC Journal. I agree this is a -not-for-tomorrow- gain:

There's been a little activity around Ufood of late, and some have been asking for an update. So, here you go. It's worth noting the company, at the current time, can not make any forward looking statements about where they are. The company is in a registration process with the SEC for the shares associated with their Spring financing, and therefore is supposed to remain rather mum.

As for the announceable events, the company is moving forward, albeit more slowly than hoped pre recession. Since the franchising world is dead at present domestically, Ufood is moving forward with locations in non-traditional venues.

Of late, the company has announced new locations will be built in both Logan (Boston) and Oakland airports. The second Logan location will be company owned, and the Oakland location will be owned by a franchisee.

The airport locations represent a great opportunity for Ufood to get stronger brand recognition. Million of travellers will have the opportunity to try the Ufood faire as the company expands to more and more airports.

On the "non-traditional" front Ufood is pursuing, they have made a breakthrough that is noteworthy. My two restaurants stories- Ufood and Spicy Pickle share a common problem. At present, franchising in the US is dead. There's no financing available for franchisees to open units, and retail customers are more scarce. Both companies recognize the reality of their situations, and are taking steps to find alternate ways to expand. Spicy Pickle has taken the route of acquiring a second brand in Western Canada, and most of their growth is coming from another country where the conditions are different.

Ufood is pursuing a different tact. The company is looking to expand to non-traditional locations like hospitals and universities. These are the kinds of facilities that recognize the need to convert their offerings from the standard terrible fast food brands to a healthier, but still palatable offering.

To the end, Ufood announced one of its franchisees is now building a location in Parkland Memorial Hospital in Dallas - a 685-bed hospital with 9,000 employees including 1,300 physicians, 2,300 registered nurses and 1,200 fellows and residents.

Come December, a Ufood grill will be replacing a McDonald's that has been at the Parkland Facility since 1954. This is the wave of the future. The Dallas news published an article recently- click here to read it.

As far as the stock goes, it is trading very anemically in the $.15 range. Once through the regsitration process we'll see where we are on stock price and liquidity. Until then, this is a revolutionary concept who's time will come, but only suggested as a position for very long term investors at this point in time.

Home Page : www.otcjournal.com

Irv, if the price stays at .14 or less, I may buy a little... UFood is not as advanced as Spicy Pickle but I think it will do well in America, especially with a recession coming to an end.

GLTY

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