Muscle Maker Grill Elects Major General (Ret) Malcolm Frost & Finance Professional Philip Balastos to Board of Directors
October 27 2020 - 3:30PM
Muscle Maker, Inc. (Nasdaq:
GRIL) the parent
company of Muscle Maker Grill, Healthy Joe’s & MMG Burger Bar,
a fast-casual concept known for serving “healthier for you” meals,
today announced that the company, along with its shareholders have
elected Major General Malcolm Frost and finance professional Philip
Balastos to their Board of Directors.
The company plans to leverage General Frost’s
experience in negotiating with the military’s top brass to ensure
opportunities are maximized and company military contracts are
rolled out efficiently. General Frost has worked with many
different management teams on bases throughout the world making him
a perfect fit to provide guidance on the company’s non-traditional
growth path initiatives. Philip Balastos has a tenured finance
background and will bring over 20 years of public markets
experience to the board.
Michael Roper, CEO of Muscle Maker Grill,
commented, “This is an exciting time for our company right now. We
are rapidly executing on our company’s non-traditional growth
strategy and as previously mentioned, exploring many different
opportunities to grow our corporately owned portfolio including
individual locations and potential acquisitions. Having General
Frost join our board of directors to provide guidance on our
military growth path, in our opinion, is not only game changing,
but also frees up managements time to focus on other strategic
growth areas. We are very excited and privileged to welcome General
Frost and Philip Balatsos to the Muscle Maker team!”
Major General’s and Balastos’ full bios
below.
Major General (Ret) Malcolm Frost has 31 years
of military experience providing large-scale strategic and
operational leadership and oversight in the Indo-Asia-Pacific,
Middle East, Europe, and the United States for the United States
Army - successfully leading the evolution of soldier training
programs in peace and war from platoon through 2-star command
level. Maj. Gen. (Ret) Frost has been deployed to combat several
times in a variety of leadership and command positions. Since 2019,
Maj. Gen. (Ret) Frost served as Executive Consultant for Fortune
500 and larger corporations through Malcolm Frost and Associates
LLC. From 2015 through 2019, Maj. Gen. (Ret) Frost served as the
Commanding General for the US Army Training and Doctrine Command
located at Fort Eustis, Virginia and as the Chief of Public Affairs
for the US Army Headquarters based in Washington, DC. Maj. Gen.
(Ret) Frost also served as the Deputy Commanding General for
Support for the US Army, Deputy Director of Operations for the US
Department of Defense and the Director of Operations for the US
Army Pacific Headquarters. He deployed to Bosnia-Hercegovina as a
company commander in 1995 and deployed twice to Iraq as commander
of an 800 person Cavalry Squadron operating in Tal Afar during the
Surge in 2006-7, and as commander of a 5K person Stryker Brigade
Combat Team operating in Diyala, Salah ad Din, and Kirkuk provinces
in 2010-11. Additionally, he deployed as Director of Operations of
a 4,000 person airborne brigade task force in Afghanistan in
2002-3. In addition to a Bachelor of Science Degree in Human
Resources Management from the United States Military Academy at
West Point, Maj. Gen. (Ret) Frost holds advanced degrees from
Webster University and the U.S. Army War College in Human Resources
Development and National Security Strategy, respectively. He is the
recipient of the Distinguished Service Medal x2, Defense Superior
Service Medal, Legion of Merit x3, Bronze Star Medal x3, Air Medal,
Army Commendation Medal x6 including one for Valor, Combat
Infantryman Badge, Master Parachutist Badge and Ranger Tab. He is a
Certified Project Director and is the recipient of the U.S.
Department of State Meritorious Honor Award for reconstruction,
civic and humanitarian achievements while serving in Iraq.
Philip Balatsos. Since 2016, Mr. Balatsos
has worked in the restaurant and hospitality industries. In 2018,
Mr. Balatsos founded and has served as the owner operator of LAPH
Hospitality which operates a café/catering business and also serves
as a consultant providing financial, purchasing and usage analysis
as well as rollout services pertaining to ordering, invoicing and
inventorying systems. From 2016 through 2018, Mr. Balatsos held
various positions with Barteca Restaurant Group including Assistant
General Manager and Purchasing Manager. Prior to 2016, Mr. Balatsos
held various position on Wall Street for 16 years including Vice
President, Foreign Exchange Sales/Trading for Credit Suisse,
Director, Foreign Exchange Hedge Fund Sales for Barclays Capital
and Financial Advisor for Stifel Nicolaus & Co. Mr. Balatsos
graduated from Skidmore College in 1999 with a Bachelor of Science
in Business Administration and from Institute of Culinary Education
in 2016.
About Muscle Maker Grill
Founded in 1995 in Colonia, New Jersey, Muscle
Maker Grill features high quality, great tasting food, freshly
prepared with proprietary recipes. The menu, created with the
guest’s health in mind, is lean and protein based. It features
all-natural chicken, grass fed steak, lean turkey, whole wheat
pasta, wraps, bowls and more. It also offers a wide selection of
fruit smoothies in a variety of assorted flavors, protein shakes
and supplements. For more information on Muscle Maker Grill, visit
www.musclemakergrill.com.
Forward-Looking Statements
This press release may include “forward-looking
statements” pursuant to the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. To the extent
that the information presented in this press release discusses
financial projections, information, or expectations about our
business plans, results of operations, products or markets, or
otherwise makes statements about future events, such statements are
forward-looking. Such forward-looking statements can be identified
by the use of words such as “should”, “may,” “intends,”
“anticipates,” “believes,” “estimates,” “projects,” “forecasts,”
“expects,” “plans,” and “proposes.” Although we believe that the
expectations reflected in these forward-looking statements are
based on reasonable assumptions, there are a number of risks and
uncertainties that could cause actual results to differ materially
from such forward-looking statements. You are urged to carefully
review and consider any cautionary statements and other
disclosures, including the statements made under the heading “Risk
Factors” and elsewhere in documents that we file from time to time
with the SEC. Forward-looking statements speak only as of the date
of the document in which they are contained, and Muscle Maker, Inc
does not undertake any duty to update any forward-looking
statements except as may be required by law.
Contact:Muscle Maker Grill Marketing:
marketing@musclemakergrill.com
Investor Relations: IR@musclemakergrill.com
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