DALLAS - (Feb. 17, 2009) - Red Mango, one of the nation's fastest-growing retailers of all-natural nonfat frozen yogurt, has signed a multi-unit development agreement with Steve Mosh for five stores in North Carolina.

Mosh's development agreement covers a six-county corridor that encompasses the Research Triangle and Piedmont Triad, including Raleigh, Durham, Chapel Hill, Winston-Salem, and Greensboro, where the first store will open this summer.

Mosh recently retired after a 30-year career with Ecolab, a leading global supplier to the foodservice industry. During that time, he and his family lived all over the country, with stops in Chicago, Dallas, New York, and the Twin Cities, before his final transfer nine years ago to Greensboro, North Carolina.

"My family and I have lived in Greensboro longer than anywhere else, and it's truly our home," he said. "We're very involved in the community, and we wanted to open a business that would benefit our friends and neighbors in North Carolina. Red Mango is more than frozen yogurt, it's a frozen treat that meets the needs of increasingly health-conscious consumers."

Upon retirement, Mosh decided to realize a lifelong dream and open his own business, which he has named Carolina Mango, Inc.

"I started really digging into Red Mango's company history, its evolution, and plans for growth, and I realized it was a perfect fit," he said. "I didn't want to be just one more franchisee of an existing, well-known brand. What I wanted was to find an emerging and exciting brand-one that I feel confident will grow into a widely known national presence. Just as importantly, I wanted to be able to introduce and grow it in my own market, and help it reach national prominence. Red Mango is a perfect fit on all these dimensions."

For questions regarding Carolina Mango, please contact Steve Mosh at steve@carolinamango.com.

Red Mango, which received the 2009 Nation's Restaurant News' "Hot Concepts!" award, opened its first store in Los Angeles in July 2007 and has grown to almost 60 locations across 14 states.

Red Mango is currently awarding franchise opportunities in select markets across the country. More information is available at http://www.redmangofranchising.com/.

About Red Mango:

Red Mango, the fastest-growing retailer of all-natural nonfat frozen yogurt, opened its first U.S. store in July 2007 in Los Angeles and has since celebrated almost 60 store openings across Arizona, California, Hawaii, Illinois, Indiana, Massachusetts, Minnesota, Nevada, New Jersey, New York, Ohio, Texas, Utah, and Washington. Red Mango received Nation's Restaurant News' 2009 "Hot Concepts!" award and has been named the best frozen yogurt in Seattle, Las Vegas, Chicago, Utah and New York by independent publications. Headquartered in Dallas, Red Mango serves uniquely delicious frozen yogurt that is all-natural, nonfat, gluten-free and packed with beneficial live and active probiotic cultures that support a healthy immune and digestive system. Red Mango's frozen yogurt has been certified by the National Yogurt Association's Live and Active Culture Seal for meeting the required criteria for healthy frozen yogurt. Additionally, Red Mango recently introduced the first iced teas fortified with probiotics.

Red Mango's investors include CIC Advantage Holdings, LLC, a holding company formed by CIC Partners and leading retail restaurant operators to invest in and add value to multi unit retail companies. For more information about Red Mango, please visit http://www.redmangousa.com/. For franchising information, please visit http://www.redmangofranchising.com/ or call 214-302-5930. 

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