The Company Enters Arrangement with Dine Brands to Sell IHOP®'s Iconic Food Items from Multiple Ghost Kitchen Locations
VANCOUVER, BC, April 26, 2022 /CNW/ – Just Kitchen Holdings Corp. ("JustKitchen" or the "Company") (TSXV: JK) (OTCQB: JKHCF) (FRA: 68Z), a technology focused and enabled operator of ghost kitchens specializing in the development of delivery-only food brands, is pleased to announce an agreement (the "Agreement") with Dine Brands International, Inc. ("Dine Brands") to sell IHOP®'s World-Famous Pancakes, Breakfast Combos, Omelettes, Burritos, Bowls, and more from a minimum of seven of its ghost kitchen locations in Taiwan. The initial seven locations are selected by the Company's Data Science team to further its data analysis for highest product market fit, with additional rollouts to follow. IHOP®'s innovative menu with easy portability in mind will be offered to delivery-only consumers via mobile applications and prepared at JustKitchen's locations in Neihu, Bade, Zhonghe, Fuzhou, Renai, Minsheng and Sanchong. The Agreement grants JustKitchen the right to cook and prepare IHOP® meals using ingredients and recipes approved by Dine Brands.
For more than 63 years, IHOP® has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, and a wide selection of popular lunch and dinner items. As of September 30, 2021, there are 1,750 IHOP® restaurants around the world, including restaurants in the United States and the District of Columbia, Puerto Rico, and Guam as well as Canada, Ecuador, India, Mexico, Pakistan, Panama, and Peru. Once IHOP® is successfully launched by JustKitchen in Taiwan, the Company will strive to offer the brand in its other current markets.
Management Commentary
"We are excited to be working with Dine Brands and our data analytics show that the cuisine gap and demand exists for JustKitchen to begin serving IHOP® to new and existing customers in the Asia Pacific region. I am proud of our team for continuing to add to our portfolio of global brands and for being able to bring a brand as iconic as IHOP® to the delivery-only food market in Taiwan," said Jason Chen, Co-Founder and Chief Executive Officer of JustKitchen. "Dine Brands and JustKitchen are committed to offer and market the IHOP® brand and bring its international appeal to our customers. Moreover, we will work hard to make this deal a success and are looking forward to identifying future opportunities for growth with Dine Brands," added Mr. Chen.
"At Dine Brands, we are continuing to grow our iconic brands' international presence through multiple channels, including innovative ghost kitchens," said Gary Moore, Regional Vice President of Franchise Operations, Dine Brands Global, Inc. "Thanks to our partnership with JustKitchen, we will now be able to serve IHOP®'s world-famous pancakes and familiar comfort foods to residents in Taiwan."
ABOUT DINE BRANDS GLOBAL, INC.
Based in Glendale, California, Dine Brands Global, Inc. (NYSE: DIN), through its subsidiaries, franchises restaurants under both the Applebee's Neighborhood Grill + Bar and IHOP® brands. With approximately 3,440 restaurants combined in 16 countries and approximately 350 franchisees, Dine Brands is one of the largest full-service restaurant companies in the world. For more information on Dine Brands, visit the Company's website located at www.dinebrands.com.
ABOUT JUSTKITCHEN
JustKitchen is primarily a technology focused and enabled operator of ghost kitchens specializing in the development and marketing of proprietary and franchised delivery-only food brands for customers. The Company currently operates in Taiwan, Singapore and Hong Kong with plans to expand operations to other Asian countries. JustKitchen uniquely utilizes a hub-and-spoke operating model, which features advanced food preparation taking place at larger hub kitchens and final meal preparation taking place at smaller spoke kitchens located in areas with higher population densities. The Company combines this operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company's other business, JustMarket, is an e-commerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen.
For more information about the Company, please visit investors.justkitchen.com. JustKitchen's final prospectus, financial statements and management's discussion and analysis, among other documents, are all available on the Company's profile page on SEDAR at www.sedar.com.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur including but not limited to the Company's comments regarding finalizing the menu in the near future; offering IHOP®-branded meals to delivery-only consumers via mobile applications and preparing them at seven locations in Taiwan; and offering IHOP®-branded food items in Hong Kong, the Philippines and Singapore, as well as others, in the future. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks, including those risk factors identified in the Company's prospectus dated March 26, 2021, and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
SOURCE Just Kitchen Holdings Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2022/26/c3134.html
Related Quotes
(Bloomberg) — Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets.Most Read from BloombergElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionElizabeth Holmes Urges Judge to Overturn Verdict and Acquit HerWalmart, Gap and Others Amass $45 Billion in Extra Stuff to SellRussian Wins in Eastern Ukraine Spark Debate Over Course of WarUkraine Latest: EU Leaders Talk t
Stop investing in mediocre businesses. Buy the best, instead.
Amazon's stock split will take place on June 3, but don't expect to wake up to riches overnight.
(Bloomberg) — The stock market has staged a ferocious rebound in the past week after almost falling into a bear market. Don’t get too excited about that, says Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth.Most Read from BloombergElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionElizabeth Holmes Urges Judge to Overturn Verdict and Acquit HerWalmart, Gap and Others Amass $45 Billion in Extra Stuff to SellRussian Wins in Eastern U
‘I have made an earnest attempt to get the bank to take their money back, so I was wondering if at any point or time the money would become legally mine.’
The stock market pulled back from the brink of a bear market as rate-hike expectations eased, at least for now. Here's what it will take to signal a bottom.
Markets are shaky. Your income stream doesn’t have to be.
Real estate mogul Barbara Corcoran didn't mince words when asked about Tesla (TSLA) CEO Elon Musk's recent behavior.
Don't make the same mistake as Zillow when you try to price a home.
If we can find high-quality stocks with high dividend yields, all the better. In this article, we'll take a look at three high-yield stocks that are also attractive on a total return basis. The company targets the lower end of the market with smaller, more attainable single-family homes in 15 states in the U.S. In addition, it has a mortgage-origination business for its homebuyers, insurance coverage for the homes it sells, and related products and services.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
Will we have enough to ‘live a simple life’ in retirement? Many other retirees wonder the same thing as you, and may be in similar financial circumstances where they’re able to pay the bills and have money saved in their retirement accounts. Your interest rate is fantastic, you’re capable of making the monthly payment from just your pension and Social Security without tapping into your 401(k) and you have so much of your home already paid off — all wins.
Stocks have been inching back in recent days from the brink of bear market territory. It may be time to scoop up shares at steep discounts.
Here's what a fundamental and technical analysis says about Google stock. GOOGL stock buybacks remain high as web search and YouTube advertising rebound. But cloud computing growth is key.
Whether you're looking for household goods at discounted prices or need to buy your grocery items in bulk, Costco is the go-to retailer for millions of shoppers across the U.S. But despite its ability to attract a loyal following, Costco has made a number of changes recently that haven't thrilled customers. In April, the warehouse retailer got rid of its special COVID hours for seniors, and just this month, Costco ended its mortgage program for members. Now, the retailer has a new warning for sh
The stock market selloff has made many stocks look cheap—but smart investors need to be selective. Here are six high-quality companies that trade at reasonable valuations.
Meanwhile, the growth-stock-focused Nasdaq Composite is off 30% from its November record closing high. Going shopping during steep corrections and bear markets offers investors the opportunity to buy innovative growth stocks that can deliver transformational wealth…with some patience, of course. What follows are five examples of growth stocks with supercharged return potential that can, over many years or decades, put investors on a path to complete financial independence.
Risk and reward are the yin and yang of stock trading, the two opposite but essential ingredients in every market success. And there are no stocks that better embody both sides – the risk factors and the reward potentials – than penny stocks. These equities, priced below $5 per share, typically offer high upside potentials. Even a small gain in share price – just a few cents – quickly translates into a high yield return. Of course, the risk is real, too; not every penny stock is going to show th
When Buffett buys, the market listens.
Qualcomm CEO Cristiano Amon weighs in on the outlook for the semiconductor industry and his company's future.

source

Shop Sephari