Last Trade: 0.151 Bid: 0.1510 Last Size: 5,200 Ask: 0.1600 Trade Time: 10:58am Bid x Ask Size: 5000x5000 Change: +0.0000 (+0.00%) Day's Range: 0.15 - 0.16 Prev Close: 0.1510 52wk Range: 0.00 - 0.00 Open: 0.1550 P/E (ttm): N/A Volume: 54,800 EPS (ttm): -0.048

Spicy Pickle Franchising, Inc. engages in the franchise and operation of Spicy Pickle restaurants primarily in the United States. Its Spicy Pickle restaurant is a fast-casual restaurant specializing in sandwiches, salads, soups, and soft drinks. As of March 31, 2007, the company had 28 franchisees. Spicy Pickle Franchising was founded in 1999. It was formerly known as Spicy Pickle Franchising, LLC and changed its name to Spicy Pickle Franchising, Inc. in 2006. The company is headquartered in Denver, Colorado.

Larry Isen, the editor and publisher of the OTC Journal, through various entities he controls, has purchased 1,200,441 shares of Spicy Pickle at an average cost of $.2125 per share. These purchases were made in Spicy Pickle private offerings. The aforementioned purchases were made between August of 2005 and August of 2006. On 12/15/07, on entity controlled by Larry Isen participated in an additional financing wherein 12 shares of convertible preferred, converting at $.85 into 120,000 shares and 90,000 warrants with an exercise price of $1.60 were purchased. In addition, Larry Isen has received 785,000 shares of Spicy Pickle common stock for consulting services and has purchased 213,343 shares in the open market at an average cost of $.89 cents per share. In addition, MarketByte LLC, an entity controlled by Larry Isen, has received a fee of $30,000 cash, and 300,000 newly issued restricted shares for coverage of Spicy Pickle. TGR Group LLC, the publisher of the Small Cap Network, has received $30,000 and 300,000 newly issued restricted shares for coverage of Spicy Pickle. Mr. Isen is an affiliate of TGR Group. In addition, two other individuals affiliated with TGR Group have purchased a total of 300,000 shares at $.25 per share, 21,961 in the open market at $.76 per share and received an additional 70,000 for consulting services. Current positions of the aforementioned can be found at www.otcjournal.com and www.smallcapnetwork.com in the Spicy Pickle information section.