American Restaurant Concepts, Inc. Announces Significant Shareholder Equity Acquisition Seenu Kasturi Increases Equity Stake to Over 6.8%
JACKSONVILLE, Fla., March 4, 2013 /PRNewswire/ -- American Restaurant Concepts, Inc. (OTCBB:ANPZ), the franchisor and operations management of America's award-winning Dick's Wings® restaurants, announced today that Seenu Kasturi has increased his equity position in the company to just over 6.8%.
"I'm a big believer in how American Restaurant Concepts is positioning itself in the fast growing casual restaurant operations and management market. My personal investment is proof of this belief," said Seenu Kasturi, chief executive officer and founder of Blue Victory Holdings. "Having recently added strong management talent and recognizing the new geographic growth opportunities, I see significant opportunities for ARC to grow," added Kasturi.
About American Restaurant Concepts, Inc.
American Restaurant Concepts, Inc., headquartered in Jacksonville, Florida, is the owner, operator and franchisor of the Dick's Wings & Grill® full-service restaurants and Dick's Wing Express®quick-service 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 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 and one is located in Georgia. For more information on the Dick's Wings and Grill, please visit its website at www.BestWingsEver.com.
About Blue Victory Holdings, Inc.
Blue Victory Holdings, Inc., headquartered in Lafayette, Louisiana, is a private equity firm that is focused primarily on the development and management of branded assets. It concentrates its activities on opening, managing, rehabilitating, buying and disposing of a variety of branded assets for the purpose of maximizing shareholder value. The company and its affiliates have produced more than $28 million in revenue during 2012. To receive more information on the company, please register at its website at www.bluevictoryholdings.com.
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SOURCE American Restaurant Concepts, Inc.