Penguin Point Franchise Systems is a management company that operates various restaurants throughout Indiana under the Penguin Point trade name. It was established in 1959 and provides catering services for several formal and informal events, such as company meetings, wedding receptions, graduation parties and family reunions. The company s restaurants serve chicken rolls, baked beans, salads, onion rings and mashed potatoes. Its restaurants also offer sandwiches, burgers, hot dogs, fish and french fries, as well as beverages, such as soft drinks, lemonade, iced tea, shakes, coffee and hot chocolate. Penguin Point Franchise Systems provides promotional coupons and gift certificates of various denominations. It additionally manages Indiana Restaurant Equipment Corporation, which is engaged in the engineering, design, and installation of institutional kitchens for schools, hospitals, jails and nursing homes.