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 33126http://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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