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    AFC to Build Habitat Home in South Korea

  • Industry News August 6, 2001
    Atlanta-based AFC Enterprises, Inc. (Nasdaq: AFCE) and the AFC Enterprises Foundation announced today the company's commitment to build 100 additional Habitat for Humanity homes beginning with Habitat's annual Jimmy Carter Work Project (JCWP) in South Korea August 5 - 11. To date, AFC and its operating companies have built 315 Habitat homes in 12 countries, 26 states and across 4 continents. With this new commitment, AFC will reach 400 Habitat homes in the next 5 years.

    As part of the JCWP, AFC and its franchise partners from Popeyes® Chicken & Biscuits, Cinnabon® and Seattle's Best Coffee® will join the more than 9,000 volunteers from around the world to help build 72 homes in Asan, South Korea. Forty-eight homes will also be built at the five other Korean sites, Daegu/Gyeongsan, Gunsan, Jinju, Paju and Taebaek.

    "We are pleased to be building along side our friends former President Jimmy Carter and his wife Rosalyn Carter,'' said Frank Belatti, Chairman and CEO of AFC Enterprises. "AFC, by committing to build an additional 100 homes, continues to strengthen communities and improve the lives of families around the world,'' adds Belatti.

    AFC's presence in South Korea has grown rapidly over the last 5 years. To date, Popeyes® Chicken & Biscuits, Cinnabon® and Seattle's Best Coffee® have almost 180 restaurants, bakeries and cafes throughout the country. Popeyes franchise partner Kwe Seung Shin, President of Haimarrow Company, Ltd., operates 174 restaurants throughout South Korea. Mr. II Yong Shin, Chairman of CFC Korea and a famous Korean actor during the 70's, runs a 5-story SBC Cafe in the trendy shopping district of Myungdong and recently opened a 4-story SBC Cafe in the city of Pusan. Cinnabon's franchise partner, Mr. Young-Jae Chung, President of YBM FNB, Inc. opened his first bakery in April with a commitment to build 50.

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