This excerpt taken from the BOBS 10-K filed Apr 4, 2007.
15. SUBSEQUENT EVENTS
In the beginning 2007, the Company, through its new holding company in Brazil, 22 N, reached an agreement with Yum! Brands, owner of KFC brand in Brazil.
By this agreement, 22 N will assume the operations of KFCs four directly owned and operated restaurants in Rio de Janeiro, as a Yum! Brands franchisee and will be responsible for developing and expanding KFCs chain in Brazil through new own-operated restaurants and franchisees, as well as managing the chains operations in Brazil.