QUANTUM BLOCKCHAIN TECHNOLOGIES PLC — AGM Information 2015

Apr 23, 2015

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CLEAR LEISURE PLC - SoSushi 2014 Financials

PR Newswire

London, April 22

                                                              23 April 2015                               Clear Leisure plc                       ("Clear Leisure" or "the Company)                            SoSushi 2014 FinancialsThe company is pleased to announce that the 2014 SoSushi financials have beenapproved by the SoSushi Shareholder AGM.Since the Company's acquisition of its 99.3% stake, SoSushi has beenrestructured and simplified.During the restructuring, which is still in progress, the best franchises havebeen re-signed with improved contract terms; others, without adequate qualitystandards, were terminated.SoSushi today comprises 5 franchises based on the new agreements and 4 innegotiation. SoSushi now has no directly owned restaurants in Italy, butreceives a monthly fee from an affiliated restaurant and from 2015, 4% of theyearly revenue of each franchise restaurant. The average annual sales of afranchise are about €300,000.The Company has started a program to open directly owned restaurants in themajor capitals in Eastern Europe (with attractive margins, economic growth andmuch lower costs). The first one has already been opened and operatingprofitably since January 2015.In 2014, SoSushi reported an income of €70,279, a profit of €45,077 and a netequity value of €698,608.For further information please contact:Alfredo Villa, CEO and Executive Chairman                 Tel: +39 02 4795 1642                                                           www.clearleisure.comZAI Corporate Finance Limited (Nominated Adviser)Tim Cofman / Daphne Zhang                             Tel: +44 (0) 20 7060 2220Peterhouse Corporate Finance (Broker)Lucy Williams / Heena Karani                          Tel: +44 (0) 20 7469 0935About Clear Leisure PlcClear Leisure Plc (AIM: CLP) is an AIM listed investment Company pursuing adynamic strategy to create a comprehensive portfolio of companies primarilyencompassing the leisure and real estate sectors mainly in Italy but also otherEuropean countries. The Company may be either a passive or active investor andClear Leisure's investment rationale ranges from acquiring minority positionswith strategic influence through to larger controlling positions. For furtherinformation, please visit, www.clearleisure.com