Greenfield Farms Food Provides Overview of Carmela's Pizzeria Revenues
December 19 2013 - 10:00AM
Marketwired
Greenfield Farms Food Provides Overview of Carmela's Pizzeria
Revenues
WEST PALM BEACH, FL--(Marketwired - Dec 19, 2013) - Greenfield
Farms Food, Inc. ("Greenfield" or the "Company") (OTCQB: GRAS)
announced today through its wholly-owned subsidiary, Carmela's
Pizzeria CO, Inc., that its Ohio-based Carmela's Pizzeria units
located in Centerville, Springboro and New Carlisle are currently
achieving sales at a rate to realize an estimated aggregate of
$2,000,000 (unaudited) in annual revenue for 2014, including sales
from the addition of a fourth unit currently scheduled for opening
this month.
It is important to note that the Company acquired the assets of
Carmela's effective October 1, 2013, and therefore only the fourth
quarter results for 2013 will be reflected in the Company's audited
financial statements for the year ending December 31st. Also,
the fourth unit scheduled for opening this month and its start-up
costs will affect the final audited financials in both 2013 and
2014.
Ron Heineman, Chairman and CEO of Carmela's Pizzeria, said, "We
are very pleased with the performance of the restaurants as they
are comparable or in some cases exceed the typical numbers posted
by similar franchise restaurants. In addition, we are working
to enhance our numbers by adding additional profit centers such as
Carmela's Treats and alcohol service in select
locations." Heineman added, "These are exciting times for our
expanding company. Our national franchise marketing program is
quickly taking shape and we look forward to providing regular
updates in the coming weeks ahead. In the meantime we want to wish
all our loyal shareholders a safe and happy holiday season."
About Carmela's
Pizzeria Carmela's presently has three Dayton, Ohio area
locations offering authentic New York style pizza with a fourth
slated to open in December 2013. Carmela's offers a full
service menu for Dine In, Carry out and Delivery as well as pizza
buffets in select stores. Carmela's has been noted in Dayton
Daily News as one of "The Best Pizzerias" in Dayton. Visit the
Carmela's website at: www.carmelasohio.com
About Greenfield Farms
Food, Inc. Greenfield is a publicly-traded nominally
capitalized company operating through its wholly-owned subsidiary
Carmela's Pizzeria CO, Inc. through the Carmela's Pizzeria Dayton
restaurant locations that include pizza buffets, alcohol service,
delivery and carry-out depending on the location; and has
previously been a limited producer and marketer of "grassfed" beef
that supplied a North Carolina based grocer.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that
are made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the company's progress, business
opportunities and growth prospects, they are based on management's
current beliefs and assumptions as to future events. However, since
the company's operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Aug 2024 to Sep 2024
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Sep 2023 to Sep 2024