Dixi Foods International To Acquire Restaurant Group - KCI Investments, LLC
April 16 2014 - 6:30AM
Access Wire
WILLISTON, FLORIDA / ACCESSWIRE / April 16, 2014 - DIXI Foods
International, Inc. (OTC: DIXI) has signed a definitive agreement
to acquire all of the assets and business of KCI Investments, LLC.
KCI builds and operates a growing, multi-brand chain of fast
casual restaurants, currently under two franchise brands:
Capriotti’s Sandwich Shops and Papa John’s
(Papa John’s International: NASDAQ:
PZZA). Headquartered in Las Vegas, Nevada and
incorporated in 2004, KCI currently:
1. Operates 12 franchised Capriotti’s Sandwich Shops in: Clark
County, Nevada; Dallas/Fort Worth; Texas and four counties in
Southern California, and
2. Has seven additional Capriotti’s locations in
development.
KCI currently has exclusive development areas for Capriotti's
Sandwich Shops in all of Dallas/Fort Worth and its Southern
California markets (Orange County, San Diego County and parts of
Los Angeles County), and also has the exclusive rights to develop
Papa John's in trade areas stretching from Fresno to north of
Sacramento, California.
DIXI, a Florida corporation, currently is a development stage
company founded in 2010 and headquartered in Williston,
Florida.
Under the terms of the definitive agreement, KCI will receive
approximately 96% of the shares of Dixie Foods International, Inc.
to be outstanding after the acquisition. The acquisition is
subject to various closing conditions. The two companies
anticipate consummating this transaction in approximately 30 to 45
days.
For information contact:
Richard
Groberg
Robert Jordon
CFO
CEO
KCI Investments,
LLC
DIXI Foods
International, Inc.
investorrelations@kciinvestmentsllc.com
dixiefoods@bellsouth.net
This press release contains forward-looking statements that
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events and similar
expressions. Forward-looking statements may be identified by
use of words such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” or “potential” or
similar words or phrases which are predictions of or indicate
future events or trends. Statements such as those concerning
potential consummation of the KCI acquisition, other plans and
objectives for future operations are based on DIXI’s current
expectations, plans, estimates, assumptions and beliefs that
involve numerous risks and uncertainties. Any of these
statements could prove to be inaccurate and actual events or
investments and results of operations could differ materially from
those expressed or implied, including the ability of DIXI to
consummate the KCI acquisition. To the extent that DIXI’s
assumptions differ from actual results, DIXI’s ability to meet such
forward-looking statements may be significantly and negatively
impacted. You are cautioned not to place undue reliance on any
forward-looking statements and DIXI disclaims any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, new information,
future events or other changes. Please refer to DIXI’s Annual
Report on Form 10-K filed with the Securities and Exchange
Commission (the “SEC”) for the fiscal year ended August 31, 2013
and subsequently filed SEC reports for further
information.
SOURCE: DIXI Foods International, Inc.