Quiznos Appoints Greg Brenneman President and Chief Executive Officer

DENVERQuiznos, one of the nations fastest-growing quick-service (QSR) restaurant chains and pioneer of the toasted sandwich, today announced that it has appointed Greg Brenneman as president and CEO, effective immediately. Quiznos also announced that TurnWorks, Inc., Brennemans private-equity firm, has taken an equity position in the company. The company also said that Rick Schaden, previously chairman and CEO, will now serve as chairman.

Quiznos is one of the best-kept secrets in the quick-service restaurant industry, if not one of the best in any industry, said Brenneman, now CEO, president and partner of Quiznos. Since 1991, Rick Schaden, and Quiznos employees and franchise owners, have grown the business from 18 to over 5,000 restaurants, making the company one of the fastest-growing QSR concepts in decades. Together they have done an outstanding job.

The cornerstone for this incredible growth has been delivering innovative award-winning food. Quiznos is famous for serving outstanding toasted sandwiches. The soups and salads are terrific, as well. We will never, ever lose focus on the quality of our food. The food is the reason my family and I have been huge Quiznos fans for years.

Moving forward, our primary mission will be to relentlessly work on increasing restaurant profitability for our franchise owners. At the same time, we will build our brand awareness and expand our loyal customer base. We will also continue our focus on growth internationally, which is still very much in the early days, and in the U.S., where we will continue our disciplined unit growthparticularly in small towns by utilizing traditional and innovative distribution channels.

We are confident that Greg brings the right mix of experience, strategic foresight and drive to take the Quiznos brand to the next level of growth and profitability, Rick Schaden said. Gregs strategic vision and his ability to execute are well known and have been documented time and again, most recently at Burger King, and before that, Continental Airlines and PricewaterhouseCoopers. Greg also brings an excellent track record working with franchise owners to improve their unit economics and the ability to spearhead revenue growth through innovative new products, concepts and opportunities.

Quiznos is one of the fastest-growing restaurant chains and the second-largest player in the U.S. sandwich market. The restaurant is primarily national in scope, but has a growing presence in 20 international markets. Through its offering of oven-toasted subs, gourmet soups and fresh salads, Quiznos appeals to a broad demographic of consumers looking for a high-quality alternative fresh made for you to traditional fast food.

In May 2006, Cervantes Capital sold part of its ownership in Quiznos to J.P. Morgan Partners, a private-equity division of JPMorgan Chase & Co., in order to take the company to the next level. CCMP Capital Advisors, LLC, a private equity firm formed by the former buyout/growth equity professionals of J.P. Morgan Partners, manages the investment for J.P. Morgan Partners. Cervantes Capital, J.P. Morgan Partners and TurnWorks, Inc. now all have equity positions in the company. Brennemans primary focus will be on Quiznos but he will continue to be involved in TurnWorks, Inc. as he has since 1994.

About Quiznos
Celebrating its 25th anniversary in 2006, Denver-based Quiznos is a national chain designed for today's busy consumers who are looking for a tasty, fresher alternative to traditional fast food restaurants. Using only premium quality, real ingredients, Quiznos restaurants offer creative, chef-inspired recipes for sandwiches, soups and salads. With more than 5,000 franchise restaurants, Quiznos is one of the fastest-growing quick service restaurant chains.