LAS VEGAS, Sept. 9 // PRNewswire-FirstCall // -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA) is pleased to announce that the company has hired Pastore Food Corp, of Baltimore, Maryland to assist the company in its corporate planning and growth process. Pastores will assist in managing franchise acquisition, management training, marketing and operational support for existing and future locations of Papa Bello franchises.
James Price, interim CEO of Papa Bello Enterprises states, "We are thrilled to be working with Pastores in this new capacity. Their management visited our Cleveland, TN store two years ago and was so impressed with the concept that they purchased the area development rights to Delaware, Pennsylvania and Washington DC. Their name, reputation and work ethic will give us a significant leg up in establishing the Papa Bello brand and identity in the eastern region."
Mr. Price continues, "It is the ultimate goal to have all Papa Bello locations owned solely by franchisees. This will allow Papa Bello to focus on streamlining its business and to attract new franchisees to accelerate its growth model. Over the past year, Papa Bello has taken many steps to help reduce internal and external operating costs, and it is our intention to continue on this path to profitability by either closing underperforming corporate owned locations or selling them to new franchisees. As the company makes its transition to new management we will continue to work with companies like Pastore Food Corp to help us penetrate the local economies and grow our company in the most efficient ways possible.
In accordance with the reorganization process, Papa Bello will be updating its website, and moving its corporate headquarters over the coming months. The website update will provide additional franchise information and restaurant information along with updated store locations and investor updates."
Based in Baltimore Maryland, Pastore Food Corp operates Italian Deli and Grocery stores as well as providing sales, financial, and organizational support to restaurants and other business ventures. Pastores draws upon the name and experience derived from its management and employees who have spent decades in the food industry, operating numerous successful retail and distribution locations.
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 abroad. The company currently operates stores inside Walmart Superstores and stand alone locations. 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.