• Noble Roman's revenue rises slightly in 2002

INDIANAPOLIS -- Noble Roman's, Inc. (OTC Bulletin Board: NROM), an Indianapolis-based franchisor of pizza-focused foodservice operations, announced that its revenue for the first three quarters of 2002 was up 6.25 percent. However, its profit dropped 7.4 percent for the period.

According to a company release, for the quarter ended Sept. 30, '02, Noble Roman's reported net income of $189,000 (1 cent per share on 16.1 million average shares outstanding), compared to $172,000 (1 cent per share on 15.4 million average shares outstanding) for the same period one year prior.

Total revenues for this year's third quarter were $1.8 million, compared to $1.5 million for the same period in 2001. According to the release, the growth in revenue primarily reflects continued growth of Noble Roman's franchising efforts.

For the first nine months of the year, the company reported net income of $552,000 (4 cents per share on 16.1 million average shares outstanding) compared to $596,000 (4 cents per share on 14.4 million average shares outstanding) for the same period last year.

Revenues for the first nine months of the year were $4.8 million, compared to $4.5 million for the same period in 2001.

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