SUBWAY

To Whom It May Concern:
In the early spring of 2000, my company decided we needed a bigger
presence in the Sneads Ferry area of North Carolina. My SUBWAY,
restaurant is in a fantastic location, but the signage at the
site is quite limited. I had noticed that there were a few vacant
Fairway billboards in the area, so I inquired as to their availability.
A few weeks later, we had come to an agreement.
We leased three billboards in the Sneads Ferry area. Two of these
boards were directional signs leading to our Sneads Ferry location;
the third was a directional sign to our Surf City store some 10
miles away. Though we knew we would not generate a great deal
of traffic in Surf City directly from that sign, we were hoping
that simply having an additional sign in the Sneads Ferry area
would create more name recognition for our product, and more sales
in that restaurant.
We had leased two small, unlighted boards previously with Tri-State
for another of our stores. We had been pleased with the performance
of these boards, but felt that for our Sneads Ferry location,
we needed something larger and lighted, as that was more functional
with the traffic patterns in the community.
The sales results with these billboards have been nothing
short of phenomenal. Comparing the most recent twenty-six
weeks of 2002 (when our stores were promoted with the Fairway
Billboards) vs the same period in 1999 (the last year we did not
have billboards), our Snead's Ferry store's sales have increased
an amazing 81.4 %.
To compare, the average SUBWAY, store in the state of North Carolina
has ''only'' seen sales increased of 26 % over the same time period;
good to be sure, but nothing compared to what this location has
done. Our other two restaurants, both promoted with billboards
of other companies, are doing extremely well in their own right
over the same time period, but cannot compare to the increases
seen within our Sneads Ferry stores with the Fairway Billboards.
We will continue to use Fairway billboards wherever we can. The
prices are second to none, and they produce results that increase
sales.
Sincerely,
David S. Gladstone
President
Del Sol Management Corporation |