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Wendy's International, Inc.

WEN

Wendy's International, Inc. is mainly involved in the operation, development and franchising of a system of quick-service and fast-food restaurants. At January 2, 2005, there were 6,671 Wendy's restaurants in operation in the U.S. and in 19 other countries and territories. Of these restaurants, 1,487 were operated by the Company, and 5,184 by its franchisees. Wendy's International, together with its franchisees, also operated 2,721 Tim Hortons restaurants with 2,470 restaurants in Canada, and 251 restaurants in the U.S., of which 98 were Company-operated. Wendy's International and its franchisees also operated 295 Baja Fresh restaurants in 26 states, composing 144 company-operated restaurants and 151 franchise restaurants. Additionally in January 2005, Wendy's International operated 19 Cafe Express restaurants in Texas.

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