Highlights of Ace Sushi’s 2011 FDD, including its financial performance representations under Item 19.

Ace Sushi Bars sell sushi at competitive prices as carry-out items for off-premises consumption.

Ace Sushi Bars are generally located in mainstream grocery stores, supermarkets, and other locations owned and operated by third-party operators who have entered into oral or written agreements with the franchisor to have proprietary products provided for sale at their stores.

Ace Sushi can be found either at sushi bar departments in stores where the franchisee prepares the sushi as an on-site sushi chef (“main sushi bar”), or pre-packaged in display and merchandising cases at stores in the general geographic vicinity of the franchisee’s main sushi bar (“satellite stores”).

As of the end of 2010, Ace Sushi had 330 franchised and 21 company-owned outlets.

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