San Diego, California (January 4, 2012) /PRNewswire/ IN2IT Franchising, Inc. announced today that its sales and net income continued to grow in the Fourth Quarter 2012.
"We are making solid gains against our strategic initiatives. Our comparable store sales improved across the system with our Company-owned store posting a fourth consecutive quarter of increases," said Dennis Rieder, president and CEO, IN2IT Franchising, Inc. “Our financial position is also strengthening with quarterly gross sales up 21% and net income increasing by 7%,” he added.
"Franchise development was strong in addition to international interest and activity. We are expecting franchise openings in the Middle East and the Philippines by mid-2012,” said Carl J. Kosnar, Managing Partner of the Kosnar Group, franchise development consultants for IN2IT Franchising, Inc.
"IN2IT launched a new growth concept with its Express Model juice bar format. This Express format offers a full menu of our brand's most popular nutrition smoothies and allows IN2IT to rapidly expand availability in venues such as gyms, mall kiosks, schools, colleges, and other similar outlets,” added Kosnar.