Papa Bello Enterprises relocates corporate headquarters after becoming Pink Current
Facilities move provides space for upcoming explosive growth in the company core businesses.
18 Apr, 2012, 08:00 ET
YORBA LINDA, Calif., April 18, 2012 /PRNewswire/ -- Papa Bello Enterprises (PINK Sheets: PAPA) announces that they have obtained the status of 'OTC Pink Current Information' on OTC Markets. Following the completion of this status change, the company has relocated the corporate headquarters to a 82,000 square foot Yorba Linda, California class A facility.
Yorba Linda, California, is situated in the Southern California coastal region and is located 25 miles southeast of Los Angeles and 95 miles north of San Diego. Located within major corridors for transportation, Yorba Linda was selected to give the company sufficient space in order to deliver on its upcoming explosive growth within Mama's Direct and Blow Me Away Media, each of which require real-estate to house goods and build kiosks. The facility is also located within close proximity to suppliers of the materials used within the subsidiaries. The company has secured this location for the long term and expects this location to be the first of many to be occupied.
Jim Wheeler, CEO for Papa Bello states, "We're preparing for an aggressive ramp-up within our subsidiaries, so adding this facility will give us the capacity to deliver against our early projections. I'm expecting that over time, we will add additional facilities throughout the country, but at this juncture this move will deliver our capacity needs for 2012. As we ramp up delivery of materials to customers within Blow Me Away Media and announce our upcoming marketing strategy, this facility will be paramount in our ability to execute against our aggressive goals. Uplisting and the launch of Mama's direct are important upcoming milestones for our company, and we will update investors in the very near future related to these two important objectives."
About Papa Bello Enterprises
Founded in 2005, and based in Yorba Linda, CA, Papa Bello Enterprises (PINK Sheets: PAPA) owns and operates a diversified group of companies as majority owned subsidiaries. In addition, Papa provides expansion tools and operational support services to growth-stage businesses. The company was founded on the principles of providing the consumer with the highest standards of quality, value, and service. Additional information may be found at www.pbe.us.com
Forward-Looking Statements Disclosure This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
Contact: Jim Wheeler of Papa Bello Enterprises, 22600 Savi Ranch Parkway, Yorba Linda, Calif. 92887, (888) 641-2626.
SOURCE Papa Bello Enterprises
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