American Restaurant Concepts, Inc. Announces Appointment Of Ketan Pandya As Director
LAFAYETTE, La., Aug. 26, 2013 /PRNewswire/ -- American Restaurant Concepts, Inc. (OTCBB: ANPZ), operator and franchisor of the award-winning Dick's Wings & Grill® restaurants, announced today that it has appointed Ketan Pandya to the Board of Directors.
Mr. Pandya brings more than 20 years of sales, marketing and investment banking experience to the Company. He spent the first 15 years of his career at multinational technology companies Ericsson, Cisco and Dell, where he was involved with new product development initiatives, product marketing, investor relations and capital markets management. Thereafter, Mr. Pandya served as the Director of Marketing for Advanced Micro Devices, a multinational semiconductor company. Mr. Pandya currently serves as the Senior Director of National Account Sales for SMART Technologies, a developer of Web-based integrated customer relationship solutions, and serves on the advisory board of Axelo, a developer of advanced sensing technologies.
"American Restaurant Concepts is a terrific company that is poised to capitalize on significant opportunities in the steadily growing casual dining industry," stated Mr. Pandya. "The Company's initial Dick's Wings brand is unique and will enable the Company to continue to benefit from America's insatiable demand for high quality, great value dining experiences. The Company is successfully executing its business plan, as evidenced by its turnaround of the existing franchises and the recent additions to its management team. I look forward to working with the rest of the board and management to extend the Company's leadership position in the casual dining space, leveraging my relationships in the investment community to create shareholder value."
"We are delighted that Ketan has joined our board of directors," added Richard Akam, Chief Executive Officer of American Restaurant Concepts. "Ketan is a very accomplished executive with demonstrated leadership capabilities and extensive experience in sales, marketing and business development. I look forward to working with Ketan as we design and implement new business and marketing strategies for our quickly evolving Company."
Mr. Akam added, "Part of our overall strategy is to establish an accomplished board of directors comprised of qualified individuals who have acquired a diverse range of work experiences in a variety of industries. Our board will support our management team by contributing new ideas, strategies and recommendations that will help guide us down the path to success. We are actively recruiting additional individuals to join our board and expect to periodically announce new board appointments in the future."
About American Restaurant Concepts, Inc.
American Restaurant Concepts, Inc., headquartered in Lafayette, Louisiana, is the operator and franchisor of 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. The Company currently has 15 full-service restaurants and 2 express restaurants. Sixteen of the restaurants are located in Florida, with one located in Georgia. For more information, please visit the company's website at www.BestWingsEver.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 30, 2012 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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