Papa Johns 2000 Annual Report Download - page 19

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14
7. Our planned conversion of Perfect Pizza restaurants to Papa John’ s restaurants over the next four
to five years represents the first time we have attempted to expand the Papa John’ s brand in this manner.
There can be no assurance that all conversion issues will be identified and successfully addressed in a
timely and cost-effective manner or that the existing Perfect Pizza market share can be successfully
converted to Papa John’ s.