MELBOURNE BEACH, Fla., March 20, 2013 /PRNewswire/ -- Solanbridge Group, Inc. (OTC.PK: SLNX - News) is pleased to announce that its management team has decided to move its corporate offices to Atlanta, Georgia to expand its operations to a larger market in the South East region. Solanbridge's management has decided to begin the process of franchising its upscale steakhouse and has decided Atlanta, GA is the most advantageous market to begin the process. The Company will still have a strong presence in the Florida area, but is looking to expand its operations throughout the South East region.
The Company recently announced its subsidiary, David's Steak and Seafood, has entered into a letter of intent to purchase Pisano's Restaurant, located at 4445 Dixie Hwy NE in Palm Bay, Florida. The letter of intent includes a 2 year lease with the option to purchase all of the real estate and building at which Pisano's operates. The Company plans on entering into a definitive agreement after its 45 day due diligence period and changing the name of the restaurant from Pisano's to David's On The River. Since the real-estate is directly on the Indian River, the Company will have several engineers surveying the property over the next 45 days in order to confirm the buildings and lands integrity. Barring any engineering setbacks, the Company plans to enter into a definitive agreement within 45 days. The price for Pisano's is $1 million and the purchase is contingent on funding, completion of due diligence and entry into a definitive agreement.
"By opening new corporate restaurants outside of the Brevard county area enables David's Steak and Seafood the ability to expand its corporate owned restaurants and to start a franchise operation. We are looking to take David's into several 'A' markets and move the next level," stated David Green, CEO of Solanbridge Group, Inc. "We will still keep our locations in Florida and are very excited about our new venture with David's On The River, which will remain one of our flagship locations."
About Solanbridge Group, Inc:
David's Steak and Seafood is a classic, upscale steak house, which presents fine dining in an atmosphere of timeless elegance, offering guests the finest cuts of choice USDA meats, fresh seafood, and much more. David's Steak and Seafood experience is all about providing superior service and classically prepared cuisine in a one of a kind setting.
SOURCE Solanbridge Group, Inc.