WEN » Topics » Current Arbys restaurant locations may become unattractive, and attractive new locations may not be available for a reasonable price, if at all.

This excerpt taken from the WEN 10-K filed Mar 1, 2007.

Current Arby’s restaurant locations may become unattractive, and attractive new locations may not be available for a reasonable price, if at all.

The success of any restaurant depends in substantial part on its location. There can be no assurance that current Arby’s locations will continue to be attractive as demographic patterns change. Neighborhood or

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economic conditions where Arby’s restaurants are located could decline in the future, thus resulting in potentially reduced sales in those locations. In addition, rising real estate prices, particularly in the Northeastern region of the U.S., may restrict the ability of ARG or Arby’s franchisees to purchase or lease new desirable locations. If desirable locations cannot be obtained at reasonable prices, ARG’s ability to effect its growth strategies will be adversely affected.

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