Rising India, Inc. Announces Dynamic Shift in Corporate Initiatives Toward Long-Term Growth, Shareholder Value
July 25 2014 - 4:40PM
InvestorsHub NewsWire
Tustin, CA- July 25, 2014-
Investors Hub NewsWire - Rising India, Inc. (OTC:
RSII), is pleased to announce that its Board of Directors has
voted in favor of a number of initiatives toward building
cumulative shareholder value and long-term growth for Rising
India.
First and foremost, the Board has
agreed to enter the $600+ billion dollars strong and growing QSR
(Quick Service Restaurant) Industry, a significant shift in
business models toward near-term opportunities for revenue
producing asset acquisitions. As food industry experts,
Technomic, reported at their Restaurants 2013 Trends & Directions
conference, the fast-casual sector is still outshining the rest of
the business in sales growth.
The National Restaurant Association
found that driven by a stronger economy and historically high
levels of pent-up demand among consumers, restaurant-industry sales
are expected to hit a record high of $683.4 billion in 2014. This
will represent the fifth consecutive year of real growth in
restaurant sales.
The company will be launching its
new website to reflect the new business model. The website will be
geared toward accessibility and transparency for
shareholders.
RSII will also begin working
immediately to identify strategic partnerships, target acquisitions
and seasoned additions to its executive team alongside a goal to
drastically increase the Company’s market cap over the next 12
months. Additionally, based on current opportunities,
shareholders can expect asset acquisitions by end of
year.
“We are thrilled with the
opportunities ahead,” states CEO James DiPrima. “I am confident
shareholders will be very pleased with our announcements
forthcoming as we work diligently to secure a footing in an
industry where consumers are spending roughly $1.7b per
day.”
CONTACT:
JAMES DIPRIMA, CEO,
Chairman
Jim.DiPrima@gmail.com
Forward-Looking Statement Any statements made in
this press release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private
Security Litigation Reform Act of 1995, concerning potential
developments affecting the business, prospects, financial condition
and other aspects of the company to which this release pertains.
The actual results of the specific items described in this release,
and the company's operations generally, may differ materially from
what is projected in such forward-looking statements. Although such
statements are based upon the best judgments of management of the
company as of the date of this release, significant deviations in
magnitude, timing and other factors may result from business risks
and uncertainties including, without limitation, the company's
dependence on third parties, general market and economic
conditions, technical factors, the availability of outside capital,
receipt of revenues and other factors, many of which are beyond the
control of the company. The company disclaims any obligation to
update information contained in any forward-looking statement. This
press release shall not be deemed a general
solicitation.
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