RTXB announces letter of committment for funding.
March 20 2013 - 10:23AM
OTC Markets
DALLAS, TX--(Marketwire - Mar 20, 2013) - Jerry
Grisaffi, Chief Executive Officer and Chairman of the Board of
Republic of Texas Brands Incorporated ( PINKSHEETS : RTXB ),
announced today that RTXB has signed a commitment letter with LIG
ASSETS, INC. to fund the purchase of a minimum of four
barbecue restaurants in the DFW Metroplex. LIGA is a multi-faceted
worldwide investment company focused on real estate, entertainment,
hospitality and other profitable sectors of the economy and is
based in Dallas, Texas.
RTXB recently signed letter of intent to purchase the first
restaurant under the commitment letter.
"We are looking for three or more locations in the DFW Metroplex
area to purchase. All prospects must own the land and
building,"said Grisaffi.
Jeff Love, President of LIGA, said: "After reviewing the RTXB
1824 restaurant concept and tasting the food, I knew this
was a match. We can envision a long relationship with
RTXB."
This Press Release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement
containing works such as "anticipate," "seek," "intend," "believe,"
"plan," "estimate," "project," "plan," or similar phrases may be
deemed "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Some or all
of the events or results anticipated by these forward-looking
statements may not occur. Factors that cause or contribute to
such differences include the future U.S. and global economies, the
impact of competition, and the Company's reliance on existing
regulations.
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