TAMPA, Fla., Sept. 22, 2011 /PRNewswire/ -- Bella Petrella's Holdings, Inc., (OTC:QB--BTHR) announced today it has agreed to purchase Vasaturo Holdings LLC which owns a 14,560 square foot lot in Southwest Tampa, Florida with a 3,600 square foot commercial building. The property is leased to Bobby V's Original Philly Westshore Pizza, Inc. and used as an 83-seat pizza and sandwich sports bar and as executive offices for Bella Petrella's two, newly acquired subsidiaries. Annual rent received from the tenant is $60,000 per year.
John V. Whitman Jr., Bella's CEO/Chairman said, "It only makes sense to purchase the real-estate associated with our acquisition of Bobby V's Original Philly Westshore. The location has become an icon located on Westshore Boulevard in Tampa. The building is elaborately signed leaving no doubt in the minds of motorists passing what culinary delights are just inside the front door."
ABOUT THE COMPANY
The Company produces a line of gourmet, reduced acid, pasta sauces, salsas and pizza sauce which is sold institutionally and to retailers. Each of the Company's products is all natural, full flavored and diabetic friendly. The Company's products are perfect for the consumer who suffers from acid reflux and traditionally has avoided tomato based products. The Company is an early revenue-stage enterprise. The Company, through its subsidiaries franchises 37 pizza and sandwich sports bars in Florida and Ohio and operates one 83 seat pizza and sandwich sports bar in Tampa, Florida.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's registration statement and reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements
SOURCE Bella Petrella's Holdings, Inc.