BROKEN ARROW, Oklahoma, March 22, 2016 /PRNewswire/ --
Healthy & Tasty Brands Corporation (dba "GRLT" or the "Company") (OTC: GRLT) today C. Keith Wilkerson II, CEO of Healthy & Tasty Brands Corporation, is pleased to announce that the Company is acquiring Bellacino's Pizza & Grinders of Tulsa, Oklahoma.
Mr. Wilkerson stated, "We are pleased to announce that GRLT has executed a Purchase Agreement that has provided for the immediate operational take-over of Bellacino's Pizza & Grinders of Tulsa. It is our plan that this restaurant will have a menu change and will be renamed "SOONER BREAD COMPANY", effective as of March 23, 2016."
This is the second "operational" restaurant to be added to GRLT since February 18, 2016, the date when Mr. Wilkerson became the CEO of the Company. The first restaurant to be added was Full Moon Café of Broken Arrow, Oklahoma.
The new CEO, Mr. Wilkerson, stated, "Based on the latest year-end financials, the combined revenues of these two restaurants is slightly over $2 Million per year, which I believe will increase substantially with aggressive marketing and menu changes that represent GRLT's commitment to serve quality healthy food.
Mr. Wilkerson added, "It is our expectation that GRLT can achieve rapid revenue growth through further acquisitions of solid revenue producing restaurants in the future. As further acquisitions occur, they will be announced to our shareholders."
Forward Looking Statements:
Statements in this press release that are not purely historical facts, including statements regarding Healthy & Tasty Brands' beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "plan", "may", "expect", "anticipate", "intend", "estimate" or "continue" or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding our retained consultants to increase franchise sales in their targeted franchise markets. Additionally, there are number of other risk factors relating to our business more fully explained identified by us in our filings with the OTC Markets, which are available through http://www.otcmarkets.com.
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SOURCE Healthy & Tasty Brands Corporation