Burger King Corporation

AFC Enterprises is the franchiser and operator of Popeyes Chicken & Biscuits, one of the world's largest quick-service chicken concepts based on number of units. Popeyes has more than 1,800 restaurants in the United States, Puerto Rico, Guam and nearly 25 other countries. Sales by company-operated restaurants reached more than $300 million and revenues of the franchises were more than $110 million in 2003. Franchising is the main aspect to AFC s business, and it offers support to its franchise operators, from new restaurant designs and menu items to operational and marketing services. The company has decentralized its field operations, reorganized Popeyes marketing strategy and built a new management team. AFC is also the former owner of Church's Chicken, Cinnabon and the Seattle Coffee Company, which was bought by Starbucks. AFC Enterprises is headquartered in Atlanta.

As one of the largest hamburger restaurant chains, BURGER KING markets itself with the popular tagline, HAVE IT YOUR WAY. In 1954, James McLamore and David Edgerton opened the first BURGER KING restaurant and three years later introduced the original WHOPPER sandwich that became an instant sensation. Today, the BURGER KING system operates more than 11,000 restaurants throughout the United States and over 65 countries worldwide. Approximately 90 percent of BURGER KING restaurants are owned and operated by independent franchisees, many of which are family-owned operations that have been in business for decades. Its restaurants serve a variety of food items that include flame-broiled burgers, onion rings, chicken sandwiches, desserts, salads and beverages. Its menu also features BK Stackers, BK VEGGIE burgers, BK JOE coffee, ICEE drinks and CHICK N CRISP sandwiches. The restaurants also sell a prepaid card, BK CROWN CARD, which allows its customers to spend up to the value loaded onto the card.

Tim Hortons, which was established in Hamilton, Ontario, in 1964, merged with Wendy s International in 1995 and offers casual dining with a drive-through option. Originally known for its coffee and donuts, Tim Hortons menu has expanded to include sandwiches, soups, stews and baked goods. Tim Hortons regional headquarters in the United States are located in Dublin, Ohio. Tim Hortons is a subsidiary of Wendy s International. Founded in 1969 in Columbus, Ohio, Wendy s International is a restaurant-operating and franchising company. It has more than 9,900 restaurants and brands, including Wendy s Old Fashioned Hamburgers, Tim Hortons and Baja Fresh Mexican Grill. The company also has investments in Caf Express and Pasta Pomodoro and owns and operates two bakeries in Zanesville, Ohio, that supply many Wendy s Old Fashioned Hamburgers restaurants in the United States with sandwich buns.