FOR IMMEDIATE RELEASE
Pizza Fusion terminates merger with Unique Pizza & Subs
International organic pizza franchisor severs ties with Unique Pizza & Subs; pursuing alternative financing for greater shareholder value.
(BOCA RATON, Fla.) June 5, 2013 – Pizza Fusion (http://www.pizzafusion.com), the international organic pizza franchisor, announced today that it has terminated its Definitive Agreement with Unique Pizza & Subs Corporation (UPZS) providing for the acquisition of Pizza Fusion Holdings by Unique Pizza & Subs.
Pizza Fusion ended its merger arrangement with Unique Pizza & Subs due to the company’s inability to meet the terms of its Definitive Agreement to acquire Pizza Fusion.
“Our decision to terminate the agreement with Unique Pizza & Subs was made in the best interest of our shareholders,” Vaughan Lazar, CEO and co-founder of Pizza Fusion, states. Lazar continued by stating “Pizza Fusion is pursuing alternative financing that will not only bring greater value to shareholders, but also supports the future growth of the Pizza Fusion brand and development of the chain.”
About Pizza Fusion
Founded in the best interest of the individual and the environment, Pizza Fusion is the #1 green franchise in North America. Based out of Boca Raton, FL, the all-natural pizza restaurant chain offers fresh, natural, and healthier foods at its eco-friendly locations worldwide. Pizza Fusion’s mission is to uphold the highest level of integrity in all they do, from the quality and origin of their food to their care for the health of their customers and the environment. The nationally expanding restaurant chain was recognized by Nation’s Restaurant News in 2010 with its “Hot Concept” award. Pizza Fusion, “Saving the Earth, One Pizza at a Time.” For additional information on Pizza Fusion, visit http://www.pizzafusion.com.
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