West Coast Ventures Group CEO Issues Year-End Shareholder Update

DENVER, January 2, 2018 /PRNewswire/ --

Significant Expansion Expected Through the Launch of the Company's National Franchising Model  

West Coast Ventures Group Corp. (OTC: WCVC) ("Company") CEO, James Nixon provided a year-end shareholder update today highlighting the Company's current activities and its corporate strategy for 2018.

"We would like to thank all our shareholders and customers alike, for the support that continues to drive our ongoing corporate success", stated CEO, James Nixon, adding, "As we conclude the year poised for significant growth management wants to ensure shareholders are well-informed regarding our corporate strategy focused on franchising, acquisition and expansion as well as understand the results of our operations for this year through the first three quarters."

FRANCHISING

The Company expects to begin the process of allowing the sale of its wholly owned subsidiary "Illegal Burger" (IB) Franchises through a leading franchise consulting firm to manage all aspects from preparation of the Franchise Agreement to the execution of a strategic sales and marketing program.  An essential aspect of the expected franchise model is the Company's plan to open new locations with the explicit intent of selling them to franchisees. Management believes this will open the market to an additional group of potential franchisees and expedite growth.

Additionally, the Company is in the process of evaluating additional quick-casual restaurant concepts to develop and open proof-of-concept locations. Updates are expected to be announced in Q1 of 2018.

ACQUISITIONS

The Company is currently evaluating a number of potential acquisitions of existing restaurant locations in the Denver and Phoenix, AZ areas. These locations currently generate approximately $6 million in combined annual revenue and are reflective of the size and profile of additional acquisition targets to be identified by the Company as part of its planned acquisition strategy moving forward.

EXPANSION

The Company has engaged a prominent real estate brokerage familiar with the requirements we have set forth for identifying potential locations including our target demographics. The expansion process involving opening new locations in this manner will evolve at the pace of the market and demand to ensure highest probability of success.

RESULTS OF OPERATIONS

Total revenues for the first three quarters of 2017 were $2.1M, an increase of 12.5% over fiscal year 2016. Ongoing restaurant operations are, and have been profitable.

During 2017, we have revamped our corporate back office operations, to include: accounting, payroll, inventory control, POS and operating and training manuals as well as restructuring certain corporate level job positions to create a more seamless and standardized presentation to our customers.

ABOUT West Coast Ventures Group

Based in Denver, Colorado, West Coast Ventures Group Corp. (WCVC) develops, owns and operates two contemporary restaurant concepts: ILLEGAL BURGER, a quick-casual Burger + Bar concept, and El Señor Sol, a full-service fresh Mexican restaurant. Led by seasoned restaurant entrepreneurs, WCVC management is committed to scaling both modern sustainable concepts into national franchise models operating metro-styled restaurants serving only the finest and freshest natural ingredients.

For Further Information: https://www.westcoastventuresgroupcorp.com/  https://www.illegalburger.com/

FORWARD LOOKING STATEMENTS

This release contains certain "forward-looking statements" relating to the business of WCVC and its subsidiary companies, which can be identified by the use of forward- looking terminology such as "estimates," "believes," "anticipates," "intends," "expects" and similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the

Securities and Exchange Commission. These forward-looking statements are based on WCVC's current expectations and beliefs concerning future developments and their potential effects on WCVC. There can be no assurance that future developments affecting WCVC will be those anticipated by WCVC. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual actions taken or results or performance to be materially different from those expressed or implied by such forward-looking statements. WCVC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Press Contact:  
James Nixon 
[email protected]
tel: 303-995-7526    
https://www.illegalburger.com/       

SOURCE West Coast Ventures Group Corp.