Ponderosa International Development, Inc. Announces Development Agreement to Franchise Ponderosa Steakhouse Restaurants in Egypt

PLANO, Texas, July 1, 2013 /PRNewswire/ -- Ponderosa International Development, Inc. today announced an agreement granting franchise rights to Egypt to Mr. Kareem Awny Abdel Dayem. The agreement calls for a minimum of five Ponderosa Steakhouse restaurants to be developed in Egypt.

(Photo: http://photos.prnewswire.com/prnh/20130701/DA33959)

"We are very excited to enter into this relationship with Kareem, who shares our vision of continuing the growth of Ponderosa Steakhouse restaurants throughout the Middle East and indeed the rest of the world," stated Thomas A. Sacco, President and Chief Executive Officer of Homestyle Dining LLC, the parent company of Ponderosa International Development, Inc.

"Kareem is a consummate business professional who shares our total dedication to quality and customer satisfaction," Sacco added.

Mr. Abdel Dayem's family owns the Alpha Tex Group, a textile company established by his grandfather in the 1930s. In addition, he is the co-founder of Kryptonite Toys, a specialty store that sells licensed and proprietary collectibles including comic books and hobby items.

"I have fond memories of Ponderosa from my childhood family visits to Orlando and I am delighted to be bringing this iconic brand to Egypt," stated Mr. Abdel Dayem.

"More recently, during my visits to Ponderosa Steakhouses in Bahrain and Dubai I have been impressed by the quality of the dining experience and how families can enjoy a great steak and a healthy, all you can eat food bar at a family price; Egypt needs a place like that," he added.

There are over 200 Ponderosa and Bonanza Steakhouses currently operating in the United States, Canada, Puerto Rico, the United Arab Emirates, Qatar, Bahrain, Jordan, and Taiwan.

About Homestyle Dining LLC

Homestyle Dining LLC, owns, operates, and franchises family-focused restaurants throughout the United States and internationally under the Ponderosa Steakhouse and Bonanza Steakhouse brands where guests can enjoy flame-grilled steaks and entrees along with a high quality buffet featuring an endless selection of salads, soups, appetizers, vegetables, and desserts at affordable prices.

Contact: Sunil K. Dewan
Phone: +1-206-295-1145

SOURCE Homestyle Dining LLC