American Restaurant Concepts, Inc. Announces New Restaurants in St. Augustine, Florida
The Company is in various stages of negotiations with a number of interested franchisees for the opening of new restaurants in the U.S.
JACKSONVILLE, Fla., Sept. 5, 2012 // PRNewswire // -- American Restaurant Concepts, Inc. (OTCBB: ANPZ), the operator and franchisor of America's award-winning Dick's Wings® restaurants, announced today that it recently opened its second Dick's Wings® restaurant in St. Augustine, FL and expects to open its third Dick's Wings® restaurant in St. Augustine later this year.
The Company's second restaurant opened earlier this year and is currently generating tens of thousands of dollars in revenue each month. American Restaurant Concepts expects to enter into an agreement for the establishment of a third restaurant in St. Augustine within the next 5-10 days, and to open the new restaurant later this year. The heightened publicity that the Company has experienced during 2012 has resulted in a substantial increase in the number of inquiries from persons interested in opening Dick's Wings® restaurants in Florida and elsewhere in the United States.
"The growth of our restaurants in St. Augustine has been remarkable," stated Michael Rosenberger, CEO of American Restaurant Concepts. "St. Augustine has always been great to us, and the recent momentum is encouraging as we look forward to opening our third successful restaurant there later this year."
Mr. Rosenberger added, "The continued interest we have been receiving from potential franchisees has been wonderful. These solicitations are beginning to yield new restaurants for us, which is how the newest restaurant in St. Augustine came about. We are in various stages of negotiations with several people regarding the opening of new Dick's Wings® restaurants and expect to announce additional agreements for the establishment of new restaurants in the coming months."
About American Restaurant Concepts, Inc.
American Restaurant Concepts, Inc., headquartered in Jacksonville, Florida, is the operator and franchisor of the Dick's Wings & Grill® full-service restaurants and Dick's Wing Express® express restaurants. The company prides itself on the 365 original mouth-watering flavors it has created for its premium grade chicken wings. Dick's Wings® offers customers the freshest wings, sandwiches, burgers, wraps, salads and signature waffle fries, all in a unique setting that combines a family-friendly environment with a sports-themed restaurant. Dick's Wings & Grill's® chicken wings have won numerous awards in Florida and Georgia, including having been voted "Best Chicken Wings in Northeast Florida" 12 consecutive years by Folioweekly magazine. Dick's Wings® currently has 16 full-service restaurants and 2 express restaurants. Fifteen of the restaurants are located in Florida, with one located in Georgia and two located in Canada. For more information on the company, please visit its website at www.dickswingsandgrill.com.
Safe Harbor Provision
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the company's future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors set forth in the company's Annual Report on Form 10-K for the year ended December 25, 2011 and its other filings and submissions with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the company assumes no obligation to update or revise any of the information contained in this press release.
SOURCE American Restaurant Concepts, Inc.