To OTC Journal Members:
 

Pickle (OTC BB: SPKL) Delivers Surge In Same Store Sales

Marc Geman, CEO of Spicy Pickle, will have something Spicy to discuss on today's conference call, which probably will have ended by the time you read this edition. 

As the company disclosed just at the close today, the revenues at Spicy Pickle restaurants in Q1 were up 4.64% from 2007 to 2008. During this period in time, there were 16 stores opened, 4 of which were outside of Colorado. The numbers compare the top line of these 16 stores that were opened in both time frames.

Today, there are 36 stores open, so the 20 not opened yet were not included in the comparison. 

So, how does this stack up against other restaurant chains? Doing a quick search on the internet, I found both Wendy's (NYSE: WEN) and Denny's (NASDAQ: DENN) had declining sales. The only one I could find that reported improving sales was IHOP (NYSE: IHP). IHOP owns Applebees and the venerable pancake house chain, IHOP. At IHOP, the pancake chain was up 3.7%, and Applebees was up .5%. 

IHP was rewarded with about a 3.5% bump in share price on this news. DENN and WEN both sold off on their same store sales comparisons.

It would be unfair to call these apples to apples comparisons (excuse the crude pun towards Applebee's). These chains are long standing and have different models. However, we can assume the market will embrace this news, and I believe it is an outstanding development against the backdrop of a recession causing most businesses at the local level to suffer.

It appears the market likes the idea of the first open conference call, as the stock price has been improving of late on increasing volume, which is always a good sign. Here's the chart:

What you see here are three moving averages- the 10 day (green), 50 day (blue), and 100 day (red). Sorry the colors are a little faint. As you can see, the stock price has begun to improve on increasing volume- always a good sign.

Based on today's news I'm pretty comfortable predicting the stock is an easy shot for the 50 day moving average- which would put us just about $1. Perhaps it will trade there in the early going tomorrow.

A breakout above the 100 day moving average of $1.15 would suggest a longer term uptrend is back in place.

Hopefully, you listened to today's conference call, and are now forming your own opinion of the upside potential in Spicy Pickle. I said it before, and I'll keep saying it- if you are wondering what all the hoopla is about, go try the food. 

Here's the complete text of today's news for your review:
 

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Larry Isen, the editor and publisher of the OTC Journal, through various entities he controls, has purchased 1,200,441 shares of Spicy Pickle at an average cost of $.2125 per share. These purchases were made in Spicy Pickle private offerings. The aforementioned purchases were made between August of 2005 and August of 2006. On 12/15/07, on entity controlled by Larry Isen participated in an additional financing wherein 12 shares of convertible preferred, converting at $.85 into 120,000 shares and 90,000 warrants with an exercise price of $1.60 were purchased. In addition, Larry Isen has received 785,000 shares of Spicy Pickle common stock for consulting services. In addition, MarketByte LLC, an entity controlled by Larry Isen, has received a fee of $30,000 cash, and 300,000 newly issued restricted shares for coverage of Spicy Pickle. TGR Group LLC, the publisher of the Small Cap Network, has received $30,000 and 300,000 newly issued restricted shares for coverage of Spicy Pickle. Mr. Isen is an affiliate of TGR Group. In addition, two other individuals affiliated with TGR Group have purchased a total of 300,000 shares at $.25 per share and received an additional 70,000 for consulting services.

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