Republic of Texas Brands Incorporated Announces Plan To Purchase Large Texas-Based Barbecue Restaurant Chain and Real Estate


 


Profitable Restaurant Chain Consists of Multiple Properties


 


Dallas, TX - (07/29/2013) ? Republic of Texas Brands, Inc. (OTC.PK: RTXB - News) is pleased to announce it has signed a Letter of Intent to purchase a successful Texas-based barbecue restaurant chain, which consists of multiple profitable restaurants in exchange for approximately $20 million. The barbecue restaurant chain has been in business for over 30 years, generated well over $10 million in sales in 2012 and all of its locations are in the Dallas/Fort Worth area. The Company plans on entering into a definitive agreement after its 90 day due diligence period. The Restaurant Chain has asked to keep its name private until the definitive agreement is signed.


 


Republic of Texas Brands has entered into an agreement with a publically traded asset based lender. The lender will purchase the highly valuable barbecue restaurant chain?s real estate from its current owner and lease it back to Republic of Texas Brands. The Company has identified other sources for the necessary funds to complete the acquisition. 


 


Republic of Texas Brands plans to launch an investor?s website page within the next six months in addition to its commerce site www.republicoftexas.com to help keep investors informed and up to date on the Company and its subsidiaries.


 


?This acquisition will be a huge leap forward for our company and will make Republic of Texas Brands a major player in the Texas barbecue restaurant business. In addition to the company stores, we will also execute our plan to franchise locations all across the United States.  The barbecue restaurant chain we plan to acquire will keep the same name that it has been operating under for over 30 years," stated Jerry Grisaffi, CEO of Republic of Texas Brands


 


Please visit our website:  http://www.republicoftexas.com


 


Please visit our Facebook: https://www.facebook.com/republicoftexascompanystore


 


Please visit our Twitter: https://twitter.com/RTXB


 


About Republic of Texas Brands Incorporated:


 


Republic of Texas Brands Incorporated (RTXB) has a distinct unique brand and logo that captures the emotion attached to Texas and its independent attitude, recognized and loved around the world. Republic of Texas Brands strategy will be to utilize its relationship and co-packing agreement with Bergheim Texas BBQ to produce product to our specifications and to be the commissary for our restaurant group.


 


 


Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.


 


Contact:  jerry@republicoftexas.com


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