LAS VEGAS, Nov. 17, 2014 /PRNewswire/ -- Dixie Foods International, Inc. ( OTCQB: DIXI) announced that it has changed its name to "Preferred Restaurant Brands" and added six individuals to its Board of Directors.
"Preferred Restaurant Brands better reflects our overall mission for the company," noted CEO Ken Antos. "As franchisee of Capriotti's Sandwich Shops and Papa John's pizza shops and the owner and eventual franchisor of various Alex Stratta-related brands, we are building a multi-brand company that will provide economic operational approaches to rents, construction and management overhead. We have commenced the necessary steps to change our name with the SEC and other regulatory bodies as well as in all public disseminations."
"The individuals we've added to our Board all have equity stakes in the Company and provide meaningful expertise and experience in a wide variety of areas relevant to our current and future plans," added Antos.
The following individuals were elected as additional Directors – joining existing Directors - Ken Antos (DIXI's Chairman, CEO and President) and Donald Porges:
Richard Doermer has been involved as an investor and advisor to various early stage companies in the biotech, entertainment, restaurant and software industries since 2006. Doermer has been a Chicago attorney since 1979 and established his own, multi-attorney practice, Richard Doermer, Ltd., in 1989 focusing on civil litigation. In 2010, Doermer founded McNabb, LLC, marketing consumer products - most notably Cate McNabb Cosmetics and Sunology Suncare. He is an active Board member on various Chicago charities including Allendale School (youth), Luminarts Cultural Foundation at the Union League Club of Chicago and Chicago International Film Festival (arts) and PAWS (Pets Are Worth Saving).
Richard Groberg has served as DIXI's Vice President, Secretary, Treasurer and Chief Financial Officer since June 4, 2014. Mr. Groberg is also the Chief Financial Officer of KCI Investments. Mr. Groberg has more than 22 year of hands-on, senior operating experience starting, managing, growing (both organically and through acquisitions) and effecting exit strategies for start-ups, turnarounds and multi-unit operations seeking to expand rapidly. Groberg also currently serves as the President of Silver State Regional Center, a USCIS-approved EB5 Regional Center. Mr. Groberg is a graduate of Fordham University, where he received a Master's degree in Business, and Emory University where he received a Bachelor's degree in English.
Michael Liu is a native Chinese professional with extensive business and financial experience working on cross-cultural business projects involving Chinese companies. Since 2009, Liu has worked in an Investment Advisory and International Business Consultation role for a Fortune 500 company. In that position, Liu provides various financial advisory services and manages a large portfolio of client assets. Liu, a California resident, has a MPhil in Business and Management (in the United Kingdom) and is a Securities-licensed broker in the United States.
Herbert Press currently serves in DIXI's management as SVP of Real Estate and Construction for DIXI's KCI Investments, LLC subsidiary. Since graduating from The State University of New York in 1963 with a degree in Industrial Engineering and Business Management Press has been involved in the design and construction of hundreds of projects, including more than 100 restaurants, and won numerous awards.
Paul Robichaux currently serves as the CEO of Robichaux Equipment, and also serves in various executive and/or Board with various for-profit and not-for-profit entities roles, including with: Magnolia Financial Group, a privately-owned and managed financial/investment group, and the Port of Southern Louisiana Commission - as its President and Chairman; and, he has founded multiple businesses generating sales across Africa, Asia, Europe, South America and the Caribbean. Mr. Robichaux attended Nichols State University majoring in marketing and psychology, with a minor in business.
Louisiana State Senator Gary L. Smith Jr. currently serves as the State Senator for District 19 of the state of Louisiana. He divides the rest of his professional time among: his legal practice, his family's privately-held dredging business and serving as: co-Founder of Magnolia Financial Group (a privately-owned and managed financial/investment group) and Vice President of Acquisitions and Investments for the Magnolia Companies of LA, LLC. Senator Smith was elected State Senator in 2012 after serving as a Louisiana State Representative for 12 years. Senator Smith previously worked in Washington D.C. for former Congressman Billy Tauzin and U.S. Senator John Breaux.
Headquartered in Las Vegas, Nevada, Preferred Restaurant Brands, through its recently acquired KCI Investments, LLC, currently operates 13 franchised Capriotti's Sandwich Shops in Clark County, Nevada; Dallas/Fort Worth, Texas; and four counties in Southern California. KCI also currently manages Elements Fine Casual Dining & Cocktails, and has a number of additional Capriotti's locations and one Alex Stratta Italian Steakhouse in various phases of development and construction.
Preferred Restaurant Brands also recently announced: an agreement in principal to acquire two Papa John's locations in the Fresno, California area and an agreement to lease space that it will convert into TAPAS by Alex Stratta. Preferred Restaurant Brands also currently has seven additional locations under construction in the Fresno and Sacramento areas as part of its Area Development Agreements with Papa John's International to build at least 25 locations by the end of 2015 in trade areas stretching from Fresno to north of Sacramento, as well as two locations in Las Vegas.
Preferred Restaurant Brands also currently has development areas for Capriotti's Sandwich Shops in parts of Dallas/Fort Worth and its Southern California markets (Orange County, San Diego County and parts of Los Angeles County), and also has the right to open Capriotti's in parts of Las Vegas.
For information contact:
Preferred Restaurant Brands Foods International, Inc.
This press release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events and similar expressions. Forward-looking statements may be identified by use of words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," or "potential" or similar words or phrases which are predictions of or indicate future events or trends. Statements relating to plans and objectives for future operations, including those relating to KCI Investments, LLC, are based on Preferred Restaurant Brands' current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Any of these statements could prove to be inaccurate and actual events or investments and results of operations could differ materially from those expressed or implied. To the extent that Preferred Restaurant Brands' assumptions differ from actual results, Preferred Restaurant Brands' ability to meet such forward-looking statements may be significantly and negatively impacted. You are cautioned not to place undue reliance on any forward-looking statements and Preferred Restaurant Brands disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, future events or other changes. Please refer to Preferred Restaurant Brands' Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") for the fiscal year ended August 31, 2013 and subsequently filed SEC reports for further information.
SOURCE Dixie Foods International, Inc.