Papa Bello Announces Further Expansion Into Strip Mall Venues
LAS VEGAS, Dec. 4 // PRNewswire-FirstCall // -- Papa Bello Enterprises (Pink Sheets: PAPA) is pleased to announce continued company growth of inline franchise units with the opening of a second Alabama store. The new restaurant, located in an Auburn city strip mall, is owned and operated by the state's Area Developer, Mr. Terry Parmer. The first location in Alabama was opened earlier this year in a Wal-Mart Supercenter. Under the development agreement, a minimum of 40 units is contracted for the territory.
The new location outside of Wal-Mart is part of the company's ongoing plan to diversify its growth strategy by building locations not only in Wal-Mart Supercenters, but also in convenience stores, strip malls and other non-traditional sites. By combining the existing and future Wal-Mart availabilities with the flexibility to open stores in a variety of other venues, the company is able to meet the demands of different regions, economic environments, and reach an even broader customer base.
Chase Canfield, CEO of Papa Bello Enterprises, states, "Securing a company presence in a variety of different venues is not only a great opportunity, but a necessary component for growth in today's economic environment. From our express concept for convenience stores and airports, to our fast-casual design found in Wal-Marts and strip malls, the potential for growth is endless. The Papa Bello brand has been carefully crafted for versatility, enabling us to expand in all directions."
About Papa Bello Enterprises
Founded in 2005, Papa Bello Enterprises is a Las Vegas, NV based corporation that owns, operates, and franchises Italian style eateries in the United States. The company currently has 21 stores in operation and has a master lease agreement with Wal-Mart. The company was founded on the principles of providing the consumer with the highest standards of quality, value, and service.
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.
SOURCE Papa Bello Enterprises
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