Ultimate Franchise Systems Releases Clarification of H3 - Fransaction Inc. Purchase HEATHROW, Fla., April 20 /PRNewswire-FirstCall/ -- Ultimate Franchise Systems Inc. (OTC:UFSY) (BULLETIN BOARD: UFSY) released a statement this morning clarifying the current status of the purchase of FransAction Inc. by The Halls of HipHop, Inc. and the final details of its proposed business relationship with the company. The statement was issued to be a response to the release by The Halls of HipHop, Inc. on Monday, April 18, announcing that a Final Purchase Agreement had been signed by the two companies. Ultimate Franchise Systems Inc. did not author nor approve the final text of that release. The statement reads: Ultimate Franchise Systems Inc. has signed, as stated in yesterday's release by The Halls of HipHop, Inc., a definitive purchase agreement for the sale of a controlling interest in FransAction Inc. (OTC Pink Sheets: FCTN). UFSY is looking forward to developing a progressive and profitable business relationship with the new company and its management. UFSY believes that there are numerous possible avenues by which our two companies may cooperate in the development of new franchises and the retail distribution of their line of H3 beverages and merchandise. The final terms and conditions of these opportunities have not been formally agreed to and will be addressed in a public notice once finalized. Ultimate Franchise Systems Inc. will be filing an SEC Form 8-K to provide the exact details of this transaction. Ultimate Franchise Systems Inc. and all of its affiliate companies publish all news and information materials in full accordance with the notices recommended in the Safe Harbor provisions of the SEC. Please refer to the statement below as an inclusion to that release. This press release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities and Exchange Act of 1934 and is subject to the safe harbor created by these sections. Ultimate Franchise Systems Inc., Obee's Franchise Systems Inc. and Quality Restaurant Ventures Inc. assume no obligation to update the information contained in this press release. Certain information included herein may contain statements that are forward-looking, such as statements relating to plans for future expansion and other business development activities as well as operating costs, capital spending, financial sources and the effects of competition. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results. Accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Companies. CONTACT: Ultimate Franchise Systems Inc., 407-333-8587 x250, Web site: http://www.ufsi.net/ DATASOURCE: Ultimate Franchise Systems Inc. CONTACT: Ultimate Franchise Systems Inc., +1-407-333-8587, ext. 250 Web site: http://www.ufsi.net/

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