Noble Roman's Inc., the Indianapolis-based franchisor of Noble Roman's Pizza and Tuscano's Italian Style Subs, announced an initiative to reduce future dilution and simplify the company's capital structure.

In addition, the company announced that it had restructured its current bank line on favorable terms. To do so, it is purchasing all shares of its Series B Preferred stock outstanding pursuant to the call provision of the preferred stock.

Additionally, Noble Roman's announced it has now signed a total of 37 franchise agreements for its newest venue of standalone take-n-bake pizza franchises. Of the 37 franchise agreements signed, 12 locations have now been opened with four additional locations scheduled to open next week.

Company executives said there is "a significant backlog of leads" and they expect to sign several more franchises before year-end and open several more of the signed franchises before year-end, as well.

"Our marketing initiatives to attract potential take-n-bake franchisees continue to be successful in generating a significant number of leads," said Paul Mobley, chairman and CEO. "Our initial goal was to sign 30 locations in 2013. Take-n-bake continues to be one of the fastest growing segments of the pizza industry, and Noble Roman's is leveraging this growth opportunity with our economical concept, our reputation for fine quality products, and our proven ability to support our franchisee base."

To generate interest in the concept, Noble Roman's expanded its advertising efforts last week, increasing the use of web-based franchise referral systems. The company began using the systems in late January 2013 and increased the effort from three portals to five portals. In addition, the company initiated direct advertising on Google.

Read more about franchising and growth.

Related Content

User Comments – Give us your opinion!
Products & Services

Granbury Websites

http://global.networldalliance.com/new/images/products/6815.png

6815/Granbury-Websites

Nationwide Criminal Records

http://global.networldalliance.com/new/images/products/Criminal_Search_iix.gif

1427/Nationwide-Criminal-Records

Restaurant Digital Signage Advertising Network

http://global.networldalliance.com/new/images/products/6691.png

6691/Restaurant-Digital-Signage-Advertising-Network

Custom Digital Signage Templates

http://global.networldalliance.com/new/images/products/6683.png

6683/Custom-Digital-Signage-Templates

Distribution RFP’s & RFQ’s

http://global.networldalliance.com/new/images/products/6411.png

6411/Distribution-RFP-s-RFQ-s

Free Menu Board Media Player Promotion

http://global.networldalliance.com/new/images/products/6675.png

6675/Free-Menu-Board-Media-Player-Promotion

Mobile Ordering

http://global.networldalliance.com/new/images/products/5933.png

5933/Mobile-Ordering

PeopleMatter HIRE™

http://global.networldalliance.com/new/images/products/4625.png

4625/PeopleMatter-HIRE

Meatballs

http://global.networldalliance.com/new/images/products/6789.png

6789/Meatballs

Mexican-Style Meats

http://global.networldalliance.com/new/images/products/6795.png

6795/Mexican-Style-Meats

Digital Menu Boards and ROI
Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.