American Restaurant Concepts, Inc. Announces Agreement for New Restaurant in Nocatee, FL
JACKSONVILLE, Fla., Sept. 20, 2012 /PRNewswire/ -- American Restaurant Concepts, Inc. (OTCBB: ANPZ), the operator and franchisor of America's award-winning Dick's Wings® restaurants, announced today that it has entered into an agreement for the establishment of a new Dick's Wings® restaurant in Nocatee, Florida.
Nocatee, a new coastal community in Northeast Florida, is located in world renowned Ponte Vedra, Florida, just a few minutes from St. Augustine. American Restaurant Concepts opened its second Dick's Wings® restaurant in the city of St. Augustine earlier this year and has achieved a great deal of success with each of the two restaurants there. The new restaurant in Nocatee will represent the third restaurant that the Company has opened in the greater St. Augustine area. American Restaurant Concepts expects the new restaurant to open in December 2012.
"We are delighted to have entered into an agreement for a new Dick's Wings® restaurant in Nocatee, Florida," stated Michael Rosenberger, CEO of American Restaurant Concepts. "Nocatee is a fast-growing community located in beautiful Ponte Vedra. We expect our new Dick's Wings® restaurant to experience a tremendous amount of success once opened to the public. The restaurant will be located in a brand new plaza and will be open before the end of the year."
American Restaurant Concepts attributes this opportunity to the increased attention it has received from prospective franchisees throughout the year. The Company's decision to open a new restaurant in Nocatee underscores its strategy to open 8-9 additional franchised restaurants through internal marketing efforts in the Company's existing Florida territory. The Company has also taken several steps to expand its footprint outside Florida and into other territories in the Southeastern United States.
"I am very proud of the interest we have been receiving from prospective franchisees," continued Mr. Rosenberger. "We expect to enter into additional agreements for new Dick's Wings® restaurants throughout the balance of this year. This will help us achieve the aggressive growth objectives that we have put in place for the Company during the next 12 months."
About American Restaurant Concepts, Inc.
American Restaurant Concepts, Inc., headquartered in Jacksonville, Florida, is the operator and franchisor of the Dick's Wings & Grill® full-service restaurants and Dick's Wing Express® express restaurants. The company prides itself on the 365 original mouth-watering flavors it has created for its premium grade chicken wings. Dick's Wings® offers customers the freshest wings, sandwiches, burgers, wraps, salads and signature waffle fries, all in a unique setting that combines a family-friendly environment with a sports-themed restaurant. Dick's Wings & Grill's® chicken wings have won numerous awards in Florida and Georgia, including having been voted "Best Chicken Wings in Northeast Florida" 12 consecutive years by Folioweekly magazine. Dick's Wings® currently has 16 full-service restaurants and 2 express restaurants. Fifteen of the restaurants are located in Florida, with one located in Georgia and two located in Canada. For more information on the company, please visit its website at www.dickswingsandgrill.com.
Safe Harbor Provision
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the company's future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors set forth in the company's Annual Report on Form 10-K for the year ended December 25, 2011 and its other filings and submissions with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the company assumes no obligation to update or revise any of the information contained in this press release.
SOURCE American Restaurant Concepts, Inc.
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