Page 6
Little Mint May Join Wiener King Chain
GREENVILLE - Little
Mint Inc., the fast-food
franchiser, has tentatively
agreed to convert most of its
units to Wiener,King fran
chises and’ become an area
distributor for Wiener King
Corp.
The two North Csrolina
based companies are negoti
ating a final agreement under
July 4 A Booming Day
Across Tar Heel State
by JOHN COIT
Financial Timet Writer
It was, for the travel and leisure
industry, anyway, the weekend that was.
July 4 in North Carolina was a busy,
crowded and profitable day.
After a year of continous advertising,
promotion and an improving economy to
boot, tourists by the thousands entered
the state and hit its beaches, resorts and
historic monuments. Places like Tryon
Palace, Halifax, Old Salem and Moore’s
Creek were setting attendance records
like they’ve never seen before and may
never see again.
Said Sylvia Bolton of the state’s travel
development section: ‘There are no rooms
at the beach or in the mountains and there
might not be any for a few days after the
4th. We've had calls from people in other
states asking if we can help them get
rooms. At all the beach motels, there were
no vacancies.”
Endless caravans of ears, trucks,
campers, bicycles and hikers made their
way to North Carolina’s beaches. Said
Aycock Brown of the Dare County Tourist
Bureau, Tve never seen anything like this
year down here.” He has been promoting
tourism on the banks for nearly 40 years.
CP&L Raises
Dividend
RALEIGH Directors of
Cardins Power Si Light Co.
have declared the usual
dividends on the company's
preferred and preference
stock and raised the quarterly
dividend rate on common
stock by three cents per
The new quarterly dividend
rate is 48 cents, compared to
the former rate of 40 cents.
Bhearon Harris, CPAL
chairman and president, said
the increase in the common
dividend was necessary for
the company to improve its
competitive position in the
capital markets and maintain
its ability to provide poorer to
customers in future yean.
FINANCE, Accounting. E.D.P.
and Engineering Specialists. We
find the right people (or your
company. Also, we find better
jobs for qualified people. sl2-30
r "° 9 * CONFIDENTIAL.
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MhuUkitt
which Little Mint would
become an exclusive area
distributor for Wiener King in
the eastern half of North
Carolina and southeastern Vu>
ginia.
Under the agreement.
Little Mint would convert at
least 17 of its 21 company
owned units to Wiener King
franchises within four years.
North Carolina benefited from a national
Bicentennial advertising blitz that stress
ed travel on the eastern Seaboard. The
state’s own promotion efforts brought a
tourist increase of 25% over last year—to
which you can add another 15% for the
Bicentennial weekend.
North Carolina, with its natural
attractions, also is a state steeped in
history and the military parks at Guilford
Courthouse and Moore's Creek have been
having a very big year.
Park Ranger Terry Maze at Moore’s
Creek battleground said the numbers of
persons visiting the site was up 84% over
last year and that thousands were
expected over the July 4 weekend.
“This is the biggest year we’ve had,” he
said, adding that more people from the
West and Midwest have written for
information.
Jerry W. Reece, executive director of
the Boone Chamber of Commerce, said his
mountain town has been booming with
visitors and that the July 4 weekend was
expected to be a “sellout. There won’t be
any room and I think it will be the high
point of the summer.”
Welcome centers reported a heavy
influx of travelers coming into the state
just prior to the July 4 weekend, up 25%.
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Little Mint would also
agree to sell or open at least
60 new Wiener King units
within 13 years. The Green
ville-based company would
have exclusive rights to sell
Wiener King franchises with
in its area.
Both companies would
share in future franchise fees
and royalties from converted
and new units. Businessmen
holding existing Little Mint
franchises would be allowed
to convert their units to
Wiener King franchises if
there is no conflict with an
existing Wiener King unit.
Spokesmen for Charlotte
based Wiener King and Little
Mint said the agreement is
subject to the signing of a
“It’s
the KIDS IPlllip
that count ..”
Helen a Democrat M
CRAIG
PHILLIPS
State Superintendent
of Public Instruction
Paid for by Craig Phillips Campaign Committee
definitive agreement and the
approval of Little Mint stock
holders.
Little Mint has 21 company
owned and 13 franchised units
in North and South Carolina
while Wiener King has 24
company-owned and 55 fran
chised units in 25 states.
Wiener King also has another
67 units under construction.