Rocky Mountain Chocolate Appoints Steve Craig to Its Board of Directors
December 04 2023 - 4:00PM
Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the
“Company”, “we”, “RMC”, or “Rocky Mountain Chocolate”), an
international franchisor and producer of premium chocolates and
other confectionery products, including gourmet caramel apples,
today announced that Steve Craig has been appointed to the
Company’s Board of Directors.
Mr. Craig is a seasoned business strategist with over 30 years
of executive and board experience for both public and private
companies, primarily in the real estate sector. For nearly four
decades he has developed, owned and operated commercial real
estate, primarily outdoor malls for retail shops and restaurants,
throughout the United States. Mr. Craig started his career
with Ginsburg Craig Associates, which in 1993 merged with Chelsea
Property Group, to form Chelsea GCA Realty, Inc. (“Chelsea GCA”),
which subsequently went public via an IPO on the New York Stock
Exchange. He served as President/Chief Operating Officer and
Director of Chelsea GCA. For the last two decades Mr. Craig has
successfully developed and operated over a dozen centers containing
upscale retail shopping and dining destinations in nine states.
“We are pleased to welcome Steve to our Board of Directors,”
said RMC Board Chair Jeff Geygan. “Steve brings extensive
experience in commercial real estate development, an important
component of our retail franchise expansion strategy. He is a
multi-unit operator of 6 franchised concepts, and has been a
franchisee of Rocky Mountain Chocolate since 2011. He will be a
terrific addition to our board.”
Mr. Craig, a prominent philanthropist, made a significant
investment in aspiring entrepreneurial youth in his home state of
Missouri with the endowment and founding of the Steven L. Craig
School of Business at Missouri Western State University in 2009.
The Craig School of Business’ Center for Franchise Development
trains and develops students to become owners and operators of
franchised businesses. The program has graduated 33 students who
were awarded franchised stores in 12 states, and currently include
10 alumni operating 15 Rocky Mountain Chocolate
stores.
Mr. Craig’s other charitable activities include his
annual Shopping Extravaganza held at his properties which generate
proceeds in excess of $250k annually to local charities, and
KidWorks which works to restore at-risk neighborhoods in Santa Ana,
CA. Mr. Craig is a Hall of Fame inductee at both Missouri Western
State University and Santa Ana College for his charitable
contributions.
Mr. Craig received his Bachelor of Science
degree in Business Administration from the University of Southern
California.
About Rocky Mountain Chocolate Factory,
Inc.
Rocky Mountain Chocolate Factory, Inc. (dba
“Rocky Mountain Chocolate”) is an international franchiser of
premium chocolate and confection stores, and a producer of an
extensive line of premium chocolates and other confectionery
products, including gourmet caramel apples. Rocky Mountain
Chocolate was named one of America’s Best on Newsweek's list of
"America's Best Retailers 2023" in the chocolate and candy stores
category. The Company is headquartered in Durango, Colorado. Its
subsidiaries, franchisees and licensees currently operate over 260
Rocky Mountain Chocolate stores across the United States, with
several international locations. The Company's common stock is
listed on the Nasdaq Global Market under the symbol "RMCF."
Forward-Looking Statements
This press release includes statements of our
expectations, intentions, plans and beliefs that constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and are intended to
come within the safe harbor protection provided by those sections.
These forward-looking statements involve various risks and
uncertainties. The statements, other than statements of historical
fact, included in this press release are forward-looking
statements. Many of the forward-looking statements contained in
this document may be identified by the use of forward-looking words
such as "will," "intend," "believe," "expect," "anticipate,"
"should," "plan," "estimate," "potential," or similar expressions.
However, the absence of these words or similar expressions does not
mean that a statement is not forward-looking. All statements that
address operating performance, events or developments that we
expect or anticipate will occur in the future - including
statements expressing general views about future operating results
- are forward-looking statements. Management of the Company
believes that these forward-looking statements are reasonable as
and when made. However, caution should be taken not to place undue
reliance on any such forward-looking statements because such
statements speak only as of the date of this press release. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. In addition,
forward-looking statements are subject to certain risks and
uncertainties that could cause our Company’s actual results to
differ materially from historical experience and our present
expectations or projections. These risks and uncertainties include,
but are not limited to: inflationary impacts, changes in the
confectionery business environment, seasonality, consumer interest
in our products, receptiveness of our products internationally,
consumer and retail trends, costs and availability of raw
materials, competition, the success of our co-branding strategy,
the success of international expansion efforts and the effect of
government regulations. For a detailed discussion of the risks and
uncertainties that may cause our actual results to differ from the
forward-looking statements contained herein, please see the section
entitled “Risk Factors” contained in our most recent Annual Report
on Form 10-K and subsequent Quarterly Reports on Form 10-Q, each
filed with the Securities and Exchange Commission.
Investor Contact
Sean Mansouri, CFAElevate IR720-330-2829RMCF@elevate-ir.com
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