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Sonic President, CEO Sells Shares and Wendy's Still Mulling Possible Sale

City of Industry, CA --(www.USEquityNews.com)-- 10/30/2007 - Fast food franchise industry alert provided by U.S. Equity News. The president and chief executive of Sonic Corp. (NASDAQ: SONC) sold 278,836 shares of common stock, according to a Securities and Exchange Commission filing. In a Form 4 filed with the SEC, Clifford Hudson reported he sold the shares recently for $25 apiece. Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

IHOP (NYSE: IHP), one of America's favorite restaurants for breakfast, lunch and dinner, recently announced that its Chairman and CEO, Julia A. Stewart, has received the 2007 Chain Leadership Award. The Chain Leadership Award is presented as part of Chain Leader magazine's Execution Awards, which are awarded annually to honor leaders in the chain restaurant industry. Stewart was acknowledged at a ceremony during Chain Leader LIVE, a conference for restaurant executives that was held Oct. 24-27 in Newport Beach, Calif.

Wendy's International Inc. (NYSE: WEN) said changes at its restaurants are paying off, but that a decision about the possible sale of the nation's third-largest hamburger chain is taking longer than expected. "It's a complicated process. I know you'd like to hear more, but the board's special committee is following a very disciplined approach," Wendy's Chief Financial Officer Jay Fitzsimmons said on a conference call to discuss the company's third-quarter results, released recently.

Famous Uncle Al's Hot Dogs & Grille, Inc. (OTCBB: FDOG) announced it has expanded its reach to Phoenix, AZ. The company opened its newest restaurant this week in Phoenix at 4727 East Bell Rd., Phoenix, AZ 85032. The new restaurant is the first Famous Uncle Al's Hot Dogs & Grille restaurant in Arizona. President, Dean Valentino commented, "As part of our plan to expand the chain nationwide this restaurant will serve as our southwest flagship restaurant."

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