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Thompson Hospitality, LLC

Even more significant to Thompson Hospitality’s growth than the creation of proprietary restaurants, was its entry into the contract food service arena. The company was awarded its first contract in November, 1993. Within a year, the Company was operating 13 contract accounts. Despite operating several successful contract accounts since 1993, the company entered the contract food service “big leagues” in August 1995, when Morgan State University selected Thompson Hospitality as its provider of choice. The University relied on Thompson Hospitality, awarding an interim contract in August 1995 after terminating its contract with a competitor in year four of a five-year agreement. During the ensuing bid process one year later, the Company was awarded an eight-year contract based upon Thompson Hospitality’s ability to deliver upon its commitments. In 2004, Thompson Hospitality was again awarded Morgan State’s business for an additional ten years. Under Thompson Hospitality’s management, the foodservice program at Morgan State now exceeds $5M in annual revenue.