Breaking News Coverage for GRILLit, Inc. (GRLT) - November 4, 2013

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Company Snapshot
GRILLit, Inc.

Waterford Business Park
5201 Blue Lagoon Drive
9th Floor
Miami, FL 33126

http://grillitinc.com/

Officers:
Ghazi Hajj, CEO
Raymond Dias, COO
Tel: (305)716-4195
Email: info@grillitinc.com

Sector: Food & Beverage
Ticker Symbol: GRLT
Exchange: OTC Pink
Shares Outstanding:
8,252,502

Float: 477,502

52 Week Low: $0.11
52 Week High: $2.32

 



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New GRILLiT Innovative Franchise Location to Open - Grand Opening for Elizabethtown, Kentucky Slated for November 11
 

 

MIAMI, FL (http://www.financialnewsmedia.com News Alert) - GRILLiT, Inc. (the "Company" or "GRILLiT") (OTC: GRLT) today announced the launch of its newest franchise location in Elizabethtown, Kentucky, featuring the company's first drive-through and stand alone building concept. The grand opening event is scheduled for November 11, 2013. 


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GRILLiT CEO, Ghazi Hajj, stated, "This is an innovative concept and an achievement for a franchise restaurant chain this early in its development. We are very proud to be able to roll out our model for a free standing facility incorporating our drive-through window operation."

Priya Investments, LLC, who owns the Master Franchise rights in Kentucky, Ohio, New Jersey, and New Hampshire, intends to develop these markets itself and is currently evaluating locations in four additional locations within its various territories.

Perry Patel, the owner of Priya, who acquired the rights after visiting GRILLiT's Miami Airpark corporate location while on vacation, commented, "I went to Florida earlier this year and had lunch at GRILLiT and loved it. The menu consists of innovative recipes, the atmosphere is modern while still being comfortable, and the overall concept has significant growth potential in Kentucky and other parts of the U.S."

Mr. Hajj added, "We are extremely proud of Mr. Patel and will provide him with plenty of support as he grows his restaurant's business. We look forward to opening more franchises in his territory and in other States."

About GRILLiT

GRILLiT (GRLT) is a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and Angus beef. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. GRILLiT currently has two locations and expects to have at least 21 corporate and 58 franchised locations open and operating within the next five years. The company is targeting Florida, North Carolina, New Jersey, Pennsylvania, New Hampshire, Ohio, Kentucky, Tennessee and Georgia for new growth. For more information, visit http://www.grillitinc.com.

Forward Looking Statements:

Statements in this press release that are not purely historical facts, including statements regarding GRILLiT's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "plan", "may", "expect", "anticipate", "intend", "estimate" or "continue" or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding the opportunity that the State of Kentucky represents or our ability to open 58 new franchised restaurants in the next five years. Additionally, there are number of other risk factors relating to our business more fully explained identified by us in our filings with the OTC Markets, which are available through http://www.otcmarkets.com.



CONTACT: Robert L. Tucker Director of Corporate Development rltucker@grillitinc.com Tel: +1(305)514-0326 Facebook: https://www.facebook.com/FreshGRILLiT Twitter: @freshgrillit

SOURCE GRILLiT, Inc. .

 

Recent News Events for  GRILLit, Inc. - GRLT

GRILLiT to Enhance Menu With New Healthy Lifestyle Options

 
MIAMI, September 30, 2013 /PRNewswire via COMTEX/ -- GRILLiT, Inc. (the "Company" or "GRILLiT") (OTC: GRLT) today announced that it is currently testing new menu items at its Miami Airpark Plaza location. The new items consist of quinoa, Caribbean rice, and Caribbean honey lime dressing.

Quinoa is a "pseudo-grain" that is becoming more recognized for its high nutritional value. Quinoa provides all of the essential amino acids, which are the building blocks of protein, and is considered a "complete protein" source. In addition, this pseudo-grain is a good source of fiber and contains monounsaturated and polyunsaturated fats. Quinoa also embodies vitamins and minerals such as iron, magnesium, phosphorus, and calcium. For all of its nutritional qualities, it comes as no surprise that the Food and Agricultural Organization (FAO) of the United Nations earlier this year declared 2013 as "The International Year of the Quinoa."

Quinoa, Caribbean rice, and Caribbean honey lime dressing will be available as options within GRILLiT's array of Supreme Salads, Signature Bowls, Pasta Bowls and Cool Wraps after the Company has completed the testing of these new products, which is expected to conclude within 60 days.

 

DR. PAUL AOUN JOINS GRILLIT AS SENIOR MEDICAL ADVISOR TO THE BOARD OF DIRECTORS -  The Company Seeks to Enhance Franchising Value Proposition

 
MIAMI, FL: September 23, 2013: GRILLiT, Inc. (OTC: GRLT) ttoday announced that the Company has retained Dr. Paul Aoun to serve as Senior Medical Advisor to the Company’s Board of Directors. Dr. Aoun is an endocrinologist who specializes in the prevention and treatment of diabetes, thyroid, and other metabolic and endocrine conditions. He will offer his expert medical knowledge and skills in order to continue promoting a positive health culture for the Company, and assist with creating new healthy menu item options for GRILLiT customers.

GRILLiT’s Chief Executive Officer, Ghazi Hajj, commented, “The Company has retained Dr. Aoun as part of our vision and campaign to promote a healthy living lifestyle (announced June 7, 2013). We feel extremely fortunate to have Dr. Aoun’s services as we continue to provide a great tasting, yet extremely healthy, array of menu choices. I believe that emphasizing the healthy choice aspect is a key ingredient to attracting more and more customers, as well as new master franchisors and franchisees.”

Dr. Aoun currently serves as a clinical endocrinologist in South Florida and is an Affiliate Assistant Professor of the University of Miami, Miller School of Medicine. He received his Doctor of Osteopathic Medicine (D.O.) and Doctor of Philosophy (Ph.D.) in pharmacology and neuroscience from the University of North Texas Health Science Center in Fort Worth, Texas. He completed his Internal Medicine residency at Johns Hopkins University/Sinai Hospital Program, where he subsequently became Chief Resident of the department. He then went to Mayo Clinic in Rochester, MN where he completed his clinical fellowship in Endocrinology, Diabetes, & Metabolism.

 

GRILLiT® Garners Fast Casual Restaurant Media Coverage

 
MIAMI, September 20, 2013 /PRNewswire via COMTEX/ -- GRILLiT, Inc. (OTC: GRLT) (the "Company" or "GRILLiT") today announced that it has recently been featured within several restaurateur-based publications, which include:

-- RestaurantNews.com http://www.restaurantnews.com/fast-casual-startup-grillit-is-off-to-red-hot-start/

-- QSR Magazine http://www.qsrmagazine.com/news/fast-casual-startup-grillit-red-hot-start

-- FastCasual.com http://www.fastcasual.com/article/218663/GrilliT-models-growth-plan-after-Chipotle

-- Nashville Business Journal http://www.bizjournals.com/nashville/blog/2013/09/new-grillit-chain-arrives-in-nashville.html

-- QSR Magazine http://www.qsrmagazine.com/exclusives/high-prices-no-problem


These results have been obtained as part of the Company's retention of the premier franchise public relations firm, Chicago-based Sanderson & Associates. Headed by founder, Rhonda Sanderson, the firm specializes in building high profiles for major restaurant chains along with a diverse group of franchised companies.

About Sanderson & Associates

Sanderson & Associates, Ltd. was founded in 1984 by Rhonda Sanderson. Since then Sanderson and her staff have been fulfilling the publicity needs of franchise systems nationwide and introducing new products for companies that wish to develop a national profile.

Sanderson is considered an expert in the area of franchising and small business marketing and has written articles for numerous trade publications covering a wide variety of industries. She has been quoted in Forbes, Entrepreneur, Restaurant Business, The Wall Street Journal and several business books.

Sanderson also served as chair of the Supplier Forum, an arm of the International Franchise Association (IFA), in 2002 and hosted numerous IFA development seminars over the years. She has been active on several committees of the IFA including the PR and Marketing Committee. info@grillitinc.com.

 

MoneyInfo to Air Interview With GRILLiT® CEO

 

MIAMI, September 16, 2013 /PRNewswire via COMTEX/ -- GRILLiT, Inc. (OTC: GRLT) (the "Company" or "GRILLiT") today announced that its Chief Executive Officer, Ghazi Hajj, will be featured in a live interview on Princeton Research's "MoneyInfo Show" on Tuesday, September 17th starting at 10:25 AM EDT.
Mr. Hajj will provide an update on the Company's recent activities and will answer questions from participant phone calls at 888-792-1590. Interested listeners may navigate to http://www.princetonresearch.com/radio-shows to listen to the show.

The MoneyInfo Show features investment discussions including stock market, business, economic and financial investment news as well as interviews with CEOs of emerging companies that show outstanding opportunities. The show is broadcast Tuesdays from 10 AM to 11 AM EST on the "Talk Of The Treasure Coast" WPSL AM 1590 Port St. Lucie, Florida radio station.  

 

GRILLiT® Announces FINRA Approval and Effectiveness of Stock Dividend

 

MIAMI, Florida, September 6, 2013 /PRNewswire via COMTEX/ -- GRILLiT, Inc. (OTC: GRLT) ("GRILLiT" or the "Company") today announced that FINRA has approved and made effective the Company's previously announced common stock dividend.

On September 4, 2013, FINRA announced a "5-1 STK; Restricted" (found here: http://otcbb.com/dailylist/txthistory/di09042013.txt). It has come to the Company's attention that this stock dividend is being interpreted as a forward split, when in fact it is a stock dividend of restricted shares, which will not cause an increase of the public float or result in an automatic per share price adjustment.

All shareholders of GRILLiT, Inc. owning common shares on the record date of August 7, 2013 shall receive four (4) shares of GRILLiT, Inc. restricted common stock for every share held by such shareholder. For example, if a shareholder owns 10,000 shares of GRILLiT, Inc. common stock at the close of business on August 7, 2013, that shareholder shall receive 40,000 additional shares of GRILLiT, Inc. restricted common stock, giving that shareholder a total of 50,000 shares.

The dividended common shares will be "restricted" as defined in the Securities Act of 1933. Rule 144 allows for the public resale of restricted securities only if certain holding period and other conditions are satisfied. The start date for the holding period for the dividended shares shall be the record date of August 7, 2013, and the holding period is one year.

The Company will receive the certificates of the dividend shares of restricted common stock and will deliver the certificates to its shareholders over the course of the next several days.

 

GRILLiT® Issues Corporate Update
 


MIAMI, August 26, 2013 /PRNewswire via COMTEX/ -- GRILLiT, Inc. (OTC: GRLT) ("GRILLiT" or the "Company") today provided a corporate update to its recent activities.

On August 22, 2013 a franchisee signed a proposal for a lease to open a new GRILLiT location within the first floor retail space of National City Tower Annex, 101 S. 5th Street, Louisville, Kentucky 40202 (GPS coordinates 38.2563245, -85.7580677). This will be GRILLiT's third franchise location. The Company expects the lease for this Louisville location to be executed within 30 days and is projected to open for business by the end of this year.

The Company has completed its due diligence for the acquisition of its third corporate-owned location near the University of Miami and expects to close the transaction by the end of this week. This store is located at 1232 S Dixie Hwy, Miami, FL 33146 (GPS coordinates 25.7145933, -80.2766746).

Per the Company's announcement on August 20, the Company's first franchised location located at 555 Church St, in downtown Nashville, Tennessee 37219 (GPS coordinates 36.1623047, -86.7807773) opened on August 19, 2013, and has served over 100 customers per day since opening.

GRILLiT's second franchised location at 2108 N. Mulberry Street, Elizabethtown, Kentucky 42701 (GPS coordinates 37.7163949, -85.8235413) is on track to open by the end of September 2013.

The Company is in the process of interviewing and retaining a qualified audit firm. It expects that the engagement will be complete within two weeks and that it will begin work immediately thereafter. The Company intends to disclose audited financial statements by the end of this year, and upon completion, plans to begin the application process to obtain a listing on a higher tier exchange.
 

About GRILLit, Inc. - GRLT


GRILLiT (OTC: GRLT) is a growing restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads.

 GRILLiT utilizes domestic farmers, and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and grass fed beef. The restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. GRILLiT currently has two locations and expects to have at least 21 corporate and 58 franchised locations open and operating within the next five years.

The company is targeting Florida, North Carolina, New Jersey, Pennsylvania, New Hampshire, Ohio, Kentucky, Tennessee and Georgia for new growth.

The founders of Grillit created their concept on a very simple principle: To demonstrate that the fast casual dining experience and fresh, nutritious home style cooking are not mutually exclusive. With over four decades of experience in the food industry, the founders of Grillit embarked on a mission to satisfy the ever-increasing demand for delicious and healthy food while providing the perfect ambiance for guest to relax and enjoy a great meal.

Utilizing local and domestic farmers allows Grillit to use crisp, fresh produce, and Grain-Fed Angus Beef. All of Grillit's cooking techniques employ a distinctive approach by preparing recipes with low sodium content and ensuring uniquely healthy and delectable cuisine. Sourcing the best possible ingredients, our chefs have created an inspiring flavor profile using fresh herbs spices and all natural marinades, which keep you coming back for more.

Team Grillit is committed to delivering the best quality food and exceptional services. We home that you experience the difference.
 

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