MIAMI, Florida, December 19, 2013 /PRNewswire/ --
THE COMPANY ENTERS
INTO EXCLUSIVE SUPPLY DEAL WITH GAUCHO RANCH DISTRIBUTOR
GRILLiT, Inc. ("GRILLiT" or the "Company") (OTC: GRLT) today
announced that it has acquired a 10% equity stake in Natura Foods,
LLC, the exclusive distributor of "Gaucho Ranch" branded South
American natural and organic grass-fed beef. Additionally,
the Company entered into a mutually exclusive supply agreement with
Natura Foods for the supply of Gaucho Ranch organic beef products
for its corporate restaurant operations.
Natura Foods' Gaucho Ranch brand is dedicated to providing 100%
natural and organic grass-fed beef free of antibiotics, hormones
and grain from the South American Pampas of Uruguay. Gaucho Ranch cattle are fed
only on vegetable proteins, without products or by-products of
animal origin. The use of growth hormones is prohibited by
law in Uruguay.
"We are thrilled to have the opportunity to partner with Natura
Foods," said GRILLiT CEO, Ghazi Hajj. "Gaucho Ranch and
GRILLiT share the same high standards of quality and health. We are
excited for this partnership moving forward."
The supply agreement executed by the companies stipulates that
GRILLiT shall purchase its beef exclusively from Natura Foods, and
Natura Foods will supply the Gaucho Ranch brand beef only to
GRILLiT restaurants in the fast casual dining restaurant sector.
The Company plans to integrate the beef into its menu items
over the next 30 days.
About Natura Foods and Gaucho Ranch
With growing concern with what we eat, where it comes from, how
it affects the environment and our health, grass-fed beef has
become the healthier alternative to corn and grain fed meat.
Inspired by the Gaucho (South American Cowboy) Natura Foods is
dedicated to providing 100% natural and organic grass fed beef free
of antibiotics, hormones and grain from the South American Pampas
of Uruguay.
About 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 Angus
beef. Restaurants offer an inviting and comfortable atmosphere with
an open kitchen and contemporary, industrial design. For more
information, visit http://www.grillitinc.com.
Forward Looking Statements:
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 interest in, and supply
agreement with, Natura Foods. 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.
INVESTOR RELATIONS CONTACT:
Robert L. Tucker
Director of Corporate Development
rltucker@grillitinc.com
Tel: +1(305)514-0326
MEDIA & FRANCHISING INQUIRIES:
Sanderson & Associates
Rhonda Sanderson
Rhonda@sandersonpr.com
Tel: +1-312-829-4350
SOURCE GRILLiT, Inc.