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!

ALLIED BRANDS FANCIFUL LIES HAVE NO BELIEVERS ANYMORE AS FIGURES PROVE TO BE MANIPULATED NONSENSE

THE DESPERATE ATTEMPT BY ALLIED BRANDS MANAGEMENT TO PROP UP THE SHARE PRICE HAS FAILED.

Why?

The continual torrent of lies and deception previously noted in their public statements is the likely reason. Who believes anything these people say?

READ HERE

Clearly not the market. Shares are down again today.

ALLIED BRANDS ANNUAL MEETING - COMPANY LIES AND SPINS, ANGRY SHARE OWNERS CALL MANAGEMENT LIARS, ASK WHERE WENT ALL THAT CASH???

Despite the spin and press releases from Allied Brands Ltd. (ABQ) touting "strong sales" and "increased profits", angry shareholders yesterday called management on the lies and deceit of the last several years.

In one example, ABQ management said sales at Baskin Robbins had "strongly increased" by 12%. Since this is after a 25% across-the-board pricing increase forced on franchisees, clearly this shows that sales are actually tracking backwards.

A shareholder said the market has "lost confidence" in management after being told LIE AFTER LIE. Likewise another shareholder said that brokers had begun to see thru the lies told by the company, and a flood of negative information available about the company was being "covered up" by management. One example was that the number of retail locations predicted to be opened is never achieved by the company, going back five years. One shareholder called management's continually announced plans for new shops "fairy tales".

One director called a questioning shareholder a "dickhead" for pointing out how little detailed information was being released by the company compared to competitor Retail Brands (RFG). Management refused to answer any more of this shareholder's questions, threatening to eject him from the meeting.

It was also noted that the predicted per-share profit, still substantially below what was predicted for the YE June 30 2009, was now spread over almost twice the number of shares that had been dumped on the market.

Where did all this cash go? No one seems to know. The company refused to answer.

NO ETHICS - - THE CORNERSTONE OF ALLIED BRANDS!

ALLIED BRANDS MASSIVE ICE CREAM PRICING INCREASES TAKE ANOTHER VICTIM - ALL BASKIN ROBBINS SHOPS IN THAILAND TO CLOSE IMMEDIATELY!

Allied Brands Ltd, (ABQ) who used a brief dip in the AU $ exchange rate to rape shop owners with a 35% price increase on imported AND domestic products, have seen this strategy take down 44 shops in one hit.

Baskin Robbins franchisor for Thailand, Centara today announced closure of all 44 Baskin Robbins shops in Thailand, with a loss of some 700 jobs.

ANNOUNCEMENT HERE

Thailand Baskin Robbins shops have seen the same abusive price increases that have been imposed by Allied Brands in Australia. The result of this strategy is clear - - -

COLLAPSE OF THE CHAIN.

Australian franchisees have expressed horror that the ice cream pricing has been used to prop up Allied Brands corporate spending, company cars, lavish lunches, and corporate boxes at horse and car races. The closure of Baskin Robbins shops in Australia will now accelerate as the folly of this pricing abuse by Allied Brands becomes clear.

BEN & JERRY'S ON THE ATTACK IN AUSTRALIA - BASKIN ROBBINS NO WHERE TO BE FOUND

American Ice Cream Powerhouse franchise Ben & Jerry's have this week arrived in Australia, with huge media hype and powerful, high-end products to match.

In stories about the new competitor, Baskin Robbins is NOWHERE TO BE FOUND! Relegated to the cheapie market alongside Wendy's, except that Baskin Robbins shops have massively overpriced product! Such is the "terrific job" done by Allied Brands for the 18 years they have driven this once-proud brand into the muck.

And note that Baskin Robbins has had two failed beachside locations at Manley. Clearly unable to compete even before the arrival of Ben & Jerry's.

ALLIED BRANDS SHARE PRICE MANIPULATION CONTINUES?

With Allied Brands Ltd. (ABQ) shares continuing to slide in response to their inability to source ice cream for their angry franchisees, attempts are apparently underway again at the company to "prop up" the share price.

With shares trading at 13.5 cents the last two days (keep in mind these shares were originally issued at 45 cents), the share price rocketed up to 14.5 cents in early trading today.

ON 100 SHARES TRADED!

That's right, someone paid a trading commission ($20 or more) to trade 100 shares, worth $14.50.

This kind of shady dealing has occurred previously with Allied Brands Ltd. shares, usually in conjunction with some kind of bullshit announcement.

Once again the shoddy ethics of this company are on view for all to see. Korda Mentha partners, take notice!

THE END IS NEAR FOR BASKIN ROBBINS AUSTRALIA AS STOCK DWINDLES

Franchisees today were shocked to be told that

Allied Brands Ltd and

Baskin Robbins Australia are

OUT OF VANILLA ICE CREAM.

This leaves the shops access to less than 12 flavours.

OUT OF VANILLA?

THE END IS NEAR.