MIAMI - August 13, 2013 // PRNewswire // - GRILLiT, Inc. (OTC: GRLT) (the "Company" or "GRILLiT") today announced that it has executed a franchise agreement under its master franchise agreement in Kentucky.
GRILLiT Chairman and CEO, Ghazi Hajj, said, "We are excited about the continuation of our franchise rollout program. The State of Kentucky represents a great opportunity for GRILLiT. Our latest franchisee is committed to our vision and plans to aggressively execute our expansion objectives. In the coming weeks, our second Kentucky location and its opening date will be announced."
Interested potential master franchisees and franchise owner/operators should visit the Company at http://www.grillitinc.com and click the "Franchise Opportunities" link.
GRILLiT (GRLT) is a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and Angus beef. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. GRILLiT currently has two locations and expects to have at least 21 corporate and 58 franchised locations open and operating within the next five years. The company is targeting Florida, North Carolina, New Jersey, Pennsylvania, New Hampshire, Ohio, Kentucky, Tennessee and Georgia for new growth. For more information, visit http://www.grillitinc.com.
Statements in this press release that are not purely historical facts, including statements regarding GRILLiT's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "plan", "may", "expect", "anticipate", "intend", "estimate" or "continue" or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding the opportunity that the State of Kentucky represents or our ability to open 58 new franchised restaurants in the next five years. Additionally, there are number of other risk factors relating to our business more fully explained identified by us in our filings with the OTC Markets, which are available through http://www.otcmarkets.com.
Robert L. Tucker
Director of Corporate Development
SOURCE GRILLiT, Inc.