LAS VEGAS, Dec. 17 // PRNewswire-FirstCall // -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA) is pleased to announce plans for continued overseas expansion by entering a partnership with master franchise development company, Fusion Global Partners, LLC. Under Managing Director, Mr. Douglas Cisneros, the company will help establish and grow Papa Bello Pizza franchises in SE Asia and throughout the Middle East. Both companies expect the first location under this agreement to open in 2009.
Combining SE Asia and the Middle East, the territory defined in the agreement encompasses the following 28 countries: Algeria, Australia, Bahrain, Egypt, Indonesia, Iran, Iraq, Japan, Jordan, Kingdom of Saudi Arabia, Kuwait, Lebanon, Libya, Malaysia, Malta, Morocco, New Zealand, Oman, Philippines, Qatar, Singapore, South Korea, Syria, Thailand, Tunisia, Turkey, United Arab Emirates, and Yemen.
Fusion Global Partners is a cross-border, transaction driven firm specializing in facilitating and supporting international development for their clients. With business experience in 34 countries, FGP's primary markets are focused in the Middle East, GCC-MENA regions and South East Asia.
In conjunction with Global Franchise Architects, Global Fusion Partners has over 300 units under contract, with over 200 units already open and operating. FGP has central offices located in the United States (Denver, CO), Bahrain (Manama), South Korea (Seoul), and Thailand (Bangkok). Some of the brands they represent include Steak Escape, Gloria Jean's Gourmet Coffee, New York Deli, The Cream & Fudge Factory, Wetzel's Pretzels, and The Donut Baker.
Doug Cisneros, of Fusion Global Partners states, "The Papa Bello franchise model has quickly gained tremendous recognition as an up-and-coming brand set up for rapid expansion and acceptance throughout the countries within our agreement. With our infrastructure and support added to the Papa Bello product and brand image, we have all the necessary components to make a significant impact on the markets abroad."
Chase Canfield, CEO of Papa Bello Enterprises states, "This agreement represents our continued efforts to accomplish the company's objectives to grow in size, gain more exposure, and increase revenue and value both here and abroad. We're confident that by combining our concept with the international franchise experience of Fusion Global Partners, our brand will be well received in these regions of the world."
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.
Fusion Global Partners, LLC, (FGP) develops, manages and supports franchises, joint ventures, partnership, and acquisitions. Their client base is separated into two categories of Food / clothing concepts and Service concepts. FGP provides a full menu of services from the Concept Development in a target country, Operational Support and Development Management for clients who are looking for specific concepts for their respective areas. FGP has worked in 34 countries and has specifically developed negotiated Master / Area / Regional Franchise Agreements and provided ongoing support to clients in 19 countries.
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