Greenfield Farms Food Announces Completion of Financing for Carmela's Pizzeria to Fund the First Phase of Its National Franch...
March 04 2014 - 8:15AM
Marketwired
Greenfield Farms Food Announces Completion of Financing for
Carmela's Pizzeria to Fund the First Phase of Its National
Franchising Program
WEST PALM BEACH, FL--(Marketwired - Mar 4, 2014) - Greenfield
Farms Food, Inc. ("Greenfield" or the "Company") (OTCQB: GRAS)
announced today that it has closed the financing round for use in
funding completion of the first phase of Carmela's Pizzeria's
national franchising program. The initial phase of the national
franchising program is development of the Franchise Disclosure
Document ("FDD"), the legal document presented to prospective
franchise buyers in the presale process. This funding will assure
the FDD will be completed on a timely basis.
In addition, candidate review and screening for a national
franchise director is continuing and an announcement is expected in
the near term. The Company is also working to complete the
franchise operating system, collateral marketing materials and
other supporting legal documentation.
Ron Heineman, Chairman and CEO of the Company and Carmela's
Pizzeria, said, "We are pleased to have completed this financing,
which was critical to assure we had the funding in place to pay the
costs involved with timely completing the FDD. We are now free to
move expeditiously with that process without any financial
impediments."
About Carmela's
Pizzeria Carmela's presently has four Dayton, Ohio area
locations offering authentic New York style pizza. 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.
Contact Information: Greenfield Farms Food,
Inc. Henry Fong CFO (561) 373-8104
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Apr 2023 to Apr 2024