LAS VEGAS, April 14 // PRNewswire-FirstCall // -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA) is pleased to announce the company's position to enter acquisition mode. As the second quarter begins, Papa Bello commences the due diligence process for acquisitions of existing quick-serve and fast-casual restaurant chains of various cuisines. Both domestic and foreign regions are under consideration.
Through the acquisition of other existing brands, Papa Bello expects to dramatically increase revenues and expand its operational infrastructure. The company sees the current economic environment as an ideal time to strengthen and grow its presence in the quick-serve restaurant industry and market segment.
Papa Bello also anticipates the near-future completion of the corporate audit currently underway. The projected audit finalization is scheduled before the end of next month and will serve as a launch pad to begin the next stage in conducting acquisitions.
Chase Canfield, CEO of Papa Bello Enterprises, states, "We've been presented with several opportunities that are of an extremely high interest. Acquiring existing companies will assist us in maintaining our past growth patterns and fulfilling future expansion projections."
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 and China. 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.
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, Inc.