Obee's Franchise Systems, Inc. Announces Major Restructuring

(Wednesday, March 26, 2008) - Obee's
Franchise Systems, Inc. (OTC Pink Sheets: OBFM) announced today that its
Board of Directors has approved a reverse split of Obee's Franchise System
common stock at a ratio of 100-for-1 shares.

"We believe the reverse stock split will better position our company to
apply for a listing on a national securities market or exchange. Our goal
is to work towards meeting their listing standards, and reverse split of
our shares will place us one significant step closer to achieving that
goal. Moreover, the company believes that a higher share price would
broaden OBFM's appeal to new investors," said Mr. Peter Brown, Division
President of Obee's Franchise Systems, Inc.

About Obee's Franchise System, Inc.

Obee's Franchise Systems Inc., (OBFM, OTC Pink Sheets) is the parent
company of obee's soup, salad, subs(R), a fast casual franchise chain
offering a fascinating blend of fresh, healthy, and hearty choices. Obee's
opened its first location in 1995 in Port Charlotte, Fl. and at present has
over 50 locations open or under development. OBFM has commitments from a
nationwide network of area developers to open an additional 1,000 stores
over the next ten years.

This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, including,
among others, the potential for additional customer growth from acquired
operations and additional opportunities for growth. There are important
factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements, including: general
economic business conditions, unfavorable weather conditions, the success
of certain cost containment initiatives, changes in regulations or
regulatory treatment, availability and the cost of capital, the success of
growth initiatives, and other factors discussed in our filings with the
Securities and Exchange Commissions. Additionally, this release may not be
considered as legal, accounting, or investment advice, and is not, and may
not be considered, a solicitation for the purchase of any securities issued
by Obee's Franchise System, Inc.



Contact:

Obee's Franchise Systems, Inc.
1515 International Parkway
Suite 2013
Heathrow, Fl 32746
Main Phone: (866)623-3462
Fax: (407)333-8852
http://www.obees.com


SOURCE Obee's Franchise Systems, Inc.

View all Obee's Press Releases

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