PHILADELPHIA – July 24, 2007 – Jim
Rudolph, Chairman of the Board and CEO of Rita’s Water Ice,
rang the opening bell at the Philadelphia Stock Exchange today.
Samples of the company’s products were on display for tasting.
Remarks began promptly at 9:15 a.m.
Rita’s Water Ice is a Philadelphia first. It was founded in
1984 by a firefighter looking to supplement his income. In May 2005,
the company was sold to McKnight Capital Partners, a private equity
group with extensive franchise experience. Led by Jim Rudolph and
his brother, Bill, McKnight Capital Partners immediately recognized
the organization’s tremendous growth potential. Under this
leadership, Rita’s Water Ice has grown to more than 460 franchised
units in fifteen states with more stores being opened each day.
The Philadelphia Stock Exchange was founded in 1790. The PHLX trades
more than 7,000 stocks, 2,502 equity options, 19 sectors index options
and currency options. For more information about the PHLX and its
products, visit www.phlx.com.
