MIAMI - Jan. 28, 2015 // PRNewswire // - GRILLiT, Inc. (the "Company" or "GRILLiT") (OTC Pink Markets: GRLT) announced that its master franchisor in Texas has executed a letter of intent with Rassier Properties-Greenlawn Crossing I to lease a 2,100 foot GRILLiT restaurant location in the Greenlawn Crossing Shopping Center in Round Rock, Texas. The parties expect to sign the definitive lease agreement within the next 30 days.
GRILLiT CEO Ghazi Hajj said that once the definitive lease agreement is executed, construction will begin immediately, with the grand opening slated for mid-summer 2015.
"As expected, our master franchisor in Texas, led by Bill Roberts, has put together an excellent plan to begin rolling out the GRILLiT franchise plan in that state," said Mr. Hajj. "We have high hopes that this location will perform very well. The restaurant location in Round Rock, Texas is approximately 20 miles north of downtown Austin, Texas in a shopping center anchored by an HEB grocery with several national chains such as GNC and Orangetheory Fitness. The space was the only vacant space available in the center and was formerly occupied by Starbucks, which moved to a stand-alone location in the same area."
Bill Roberts added, "I am convinced Texas is the perfect state to roll out this franchise brand. We have spent a lot of time and energy in determining the absolute ideal location for this important first GRILLiT location here in Texas, and we want this store to set the bar for financial performance for future Texas locations. Let's GRILLiT!"
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 grass-fed organic steak. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. For more information, visit www.grillitinc.com or www.handtbrands.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 our retained consultants to increase franchise sales in their targeted franchise markets. 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.
SOURCE GRILLiT, Inc.
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