CHRONICLE OF ALLIED BRANDS FALSE OR MISLEADING PRESS RELEASES CONTINUES!

Allied Brands Ltd. (ABQ) is again posting press releases in a vain attempt to get some pricing movement in their shares. This weeks press release from new press release shill Shane Radbone says the company has signed an agreement for Cookie Man expansion into Cyprus!

NOTABLE IN THE ANNOUNCEMENT? No hint of the "partner company" name, hence nothing anyone can check. Then the announcement goes on to "hint" at other "big deals coming". TYPICALLY VAGUE ALLIED BRANDS BULLSHIT!

The ASX and ASIC require public companies to adhere to a policy of "continuous disclosure" to the market. In the case of Allied Brands, it's "continuous hype" - ABQ is the diarrhoea of continuous disclosure.

Hopefully not as big as the "deals" for Bayswiss and Villa & Hut, both said to be near collapse with angry franchisees reportedly telling customers no new stock has been seen in weeks. Bayswiss was losing so much money that the previous owners, Freedom Home, GAVE the stores away to get this anchor off their books. Now they're on Allied Brands books, eating away cash and dragging the company down, down, down.

The announcement is also a lie in regards to the actual ownership of Cookieman shops in China, India, and other markets. Shops in those countries are majority owned by venture capital firms in India & China, with Allied Brands never having reached agreement for majority ownership with those parties. When the Indians and Chinese don't trust your company, you've clearly got serious problems. Check it out!

Here's a review of the other Allied Brand Lies told that have never come true. (Only the biggest ones are here, there isn't enough space for all of them):

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16 Apr 2008: Big announcement about Cookie Man International expansion. NOTHING HAS HAPPENED

12 March 2008: Says company has "undertakings or deposits" for 25 new stores to open by July 2008. ANOTHER STATEMENT NEVER HAPPENED They never tell investors how many stores are closing. Misleading, misleading.

3 December 2007: Says company will see "significant boost in store numbers in WA" in eighteen months. Says "we will increase number of Kenny's Cardiology stores to 18 over the next 18 months". The result after 18 months? FIVE STORES with TWO SHOWN AS FOR SALE.

This press statement also says Allied Brands is obtaining sites first to prove they work, and then finding franchisees. This hasn't happened. Results speak for themselves. Why are 40% of Kenny's Cardiology shops in Western Australia for sale? Don't they know the company is planning big expansion?

The "big expansion" also means Sydney, with 11 shops, has FIVE FOR SALE - ALMOST HALF THE FRANCHISEES TRYING TO GET OUT!

20 November 2008: Big press release telling everyone it would start Cookie Man shops in "at least three new countries by the end of 2008". They say "strong interest" from these countries would make them open there.

ANOTHER STATEMENT NEVER HAPPENED

8 July 2005: This shows how long the history of misleading or wrong company statements can be. On 8 July 2005 Peter Graham announced ALLIED BRANDS WILL BUY WENDY'S. This never happened, the company never explained why, but Wendy's franchisees all realise their good profits were going to vanish if they were forced to be Baskin Robbins brand. Allied Brands also says in this press release that they have 88 Baskin Robbins stores open. To this day 88 stores have never been open at the same time. New ones open, and others fail.

Look at Australia Stock Exchange record on Allied Brands statements. Can you find one that ever comes true? NONE. LOOK FOR YOURSELF!