GREENFIELD FARMS FOOD REPORTS SIGNIFICANT PROGRESS IN
CARMELA'S PIZZERIAS THREE FRANCHISE READY CONCEPTS
West Palm Beach, FL -- March 8, 2016 -- InvestorsHub
NewsWire -- Greenfield Farms Food, Inc. (Greenfield or the
Company) (OTC Pink:
GRAS) reported today that Carmelas Pizzerias three franchise
ready operating concepts have all made significant progress in
terms of revenue and profitability. The three operating concepts
include:
* New Carlisle, Ohio: a full-service
dining room menu comprising a Carmelas Pizzeria and including a
daily lunch buffet; full liquor bar serving on Sundays; and Sports
Grill that offers bar-bites.
* Brookville, Ohio: a smaller Carmelas
Pizzeria with a full menu dining room including beer, daily lunch
buffet, delivery and carry-out.
* West Manchester, Ohio: a Carmelas
Pizzeria dine-in, carry-out, delivery model.
"We are pleased to report that all of our operating units are
presently achieving positive cash flow with our internal budget
forecasting profitability for the coming year," commented Chief
Executive Officer, Ron Heineman. "The New Carlisle unit featuring
the Sports Grill concept has proven to be a success and is
exceeding our expectations. This location is presently achieving a
revenue run rate of $1 million on an annual basis; supporting our
belief that the combination of our basic pizzeria model with a
Sports Grill and full-liquor bar is attractive from a consumer's
viewpoint," concluded Mr. Heineman.
The Company is presently developing additional complimentary
profit centers to its core retail restaurant operations, which is
expected to further improve revenues, gross margins, and
profitability. The Company is working to perfect and finalize these
plans and initiatives and expects to provide further information to
shareholders in the near future.
About Greenfield Farms Food, Inc.
Greenfield is a publicly-traded, nominally capitalized company,
operating through its wholly-owned subsidiary Carmelas Pizzeria CO,
Inc. Carmelas Pizzeria restaurants includes pizza buffets, alcohol
service, delivery and carry-out, depending on the location.
About Carmelas Pizzeria
Carmela's Pizzeria presently has three Dayton, Ohio area
locations offering authentic New York style pizza. Carmela's
offers one or more combinations of a full service menu for Dine In,
Carry out and Delivery as well as pizza buffets and a Sports Grill
with bar at its various locations. Carmela's has been noted in
the Dayton Daily News as one of "The Best Pizzerias" in
Dayton. Visit the Carmela's website at: http://www.CarmelasOhio.com/
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 companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys 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:
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Greenfield Farms Food, Inc.
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Henry Fong, CFO
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(561) 514-9042
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