Great American Food Chain (PK) (USOTC:GAMN)
Historical Stock Chart
From Nov 2019 to Nov 2024
The Great American Food Chain, Inc. (Pink Sheets: GAMN), a restaurant
holding company and concept developer, announced today that an area
developer has opened its first franchised location of Kokopelli Fresh
Mexican Grill in the Phoenix suburb of Chandler.
This marks the fourth franchise to open since the concept was acquired
by GAMN. Arizona represents the fifth different state with franchises
following Ohio, Oregon, Nevada, and Michigan. This location is the first
of five restaurant units that are scheduled to open in the greater
Phoenix metropolitan area.
Paul Roegge, VP of Operations stated: “We are
excited to open this franchised location in Phoenix, home to the
original Kokopelli restaurant. The location and storefront along with
the energy of the local owners reflect the basic roots in which
Kokopelli Fresh Mexican Grill was founded and represents what we strive
to achieve in each Kokopelli location.”
The Great American Food Chain, Inc. (GAMN) acquired a 90% interest in
Kokopelli Franchise Company, LLC in August of this year. Eight area
developers have committed to opening 70 Kokopelli Fresh Mexican Grill
restaurants over the next three years.
About The Great American Food Chain, Inc.
The Great American Food Chain, Inc. is a restaurant holding company
specializing in the development and expansion of proven independent
restaurant concepts into multi-unit locations through corporate owned
stores, licensing, and franchising opportunities. The Great American
Food Chain currently owns two concepts, Kokopelli Fresh Mexican Grill,
and Spikes Boneyard Grill, and is finalizing a licensing agreement with
a third concept. GAMN is located in Dallas, Texas. For more information
about The Great American Food Chain, Inc. see http://www.thegreatamericanfoodchain.com.
Information on our website is not part of this press release. For more
information about Kokopelli Fresh Mexican Grill, please visit http://www.kokopelligrill.com.
Stay up to date with MN1 NewsWire “NEWS YOU
CAN TRUST” at www.MN1.com
Forward-Looking Statements
Any statements in this press release about The Great American Food
Chain's expectations, beliefs, plans, objectives, assumptions or future
events or performance are not historical facts and are forward-looking
statements for purposes of the Private Securities Litigation Reform Act
of 1995 (the "Act"). These statements are often, but not always, made
through the use of words or phrases such as "believe," "will," "expect,"
"anticipate," "estimate," "intend," "plan," "forecast," "could," and
"would." There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such
forward-looking statements, including: limited operating history, need
for future capital, risks inherent in the development and
commercialization of restaurant concepts, protection of the Company's
intellectual property, and economic conditions generally. Additional
information on potential factors that could affect results and other
risks and uncertainties are detailed from time to time in the Company's
periodic reports. The Great American Food Chain claims the protection of
the safe harbor for forward-looking statements under the Act and assumes
no obligation and expressly disclaims any duty to update any
forward-looking statement to reflect events or circumstances after the
date of this news release or to reflect the occurrence of subsequent
events.
The Great American Food Chain, Inc. (Pink Sheets: GAMN), a
restaurant holding company and concept developer, announced today that
an area developer has opened its first franchised location of
Kokopelli Fresh Mexican Grill in the Phoenix suburb of Chandler.
This marks the fourth franchise to open since the concept was
acquired by GAMN. Arizona represents the fifth different state with
franchises following Ohio, Oregon, Nevada, and Michigan. This location
is the first of five restaurant units that are scheduled to open in
the greater Phoenix metropolitan area.
Paul Roegge, VP of Operations stated: "We are excited to open this
franchised location in Phoenix, home to the original Kokopelli
restaurant. The location and storefront along with the energy of the
local owners reflect the basic roots in which Kokopelli Fresh Mexican
Grill was founded and represents what we strive to achieve in each
Kokopelli location."
The Great American Food Chain, Inc. (GAMN) acquired a 90% interest
in Kokopelli Franchise Company, LLC in August of this year. Eight area
developers have committed to opening 70 Kokopelli Fresh Mexican Grill
restaurants over the next three years.
About The Great American Food Chain, Inc.
The Great American Food Chain, Inc. is a restaurant holding
company specializing in the development and expansion of proven
independent restaurant concepts into multi-unit locations through
corporate owned stores, licensing, and franchising opportunities. The
Great American Food Chain currently owns two concepts, Kokopelli Fresh
Mexican Grill, and Spikes Boneyard Grill, and is finalizing a
licensing agreement with a third concept. GAMN is located in Dallas,
Texas. For more information about The Great American Food Chain, Inc.
see http://www.thegreatamericanfoodchain.com. Information on our
website is not part of this press release. For more information about
Kokopelli Fresh Mexican Grill, please visit
http://www.kokopelligrill.com.
Stay up to date with MN1 NewsWire "NEWS YOU CAN TRUST" at
www.MN1.com
Forward-Looking Statements
Any statements in this press release about The Great American Food
Chain's expectations, beliefs, plans, objectives, assumptions or
future events or performance are not historical facts and are
forward-looking statements for purposes of the Private Securities
Litigation Reform Act of 1995 (the "Act"). These statements are often,
but not always, made through the use of words or phrases such as
"believe," "will," "expect," "anticipate," "estimate," "intend,"
"plan," "forecast," "could," and "would." There are a number of
important factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements,
including: limited operating history, need for future capital, risks
inherent in the development and commercialization of restaurant
concepts, protection of the Company's intellectual property, and
economic conditions generally. Additional information on potential
factors that could affect results and other risks and uncertainties
are detailed from time to time in the Company's periodic reports. The
Great American Food Chain claims the protection of the safe harbor for
forward-looking statements under the Act and assumes no obligation and
expressly disclaims any duty to update any forward-looking statement
to reflect events or circumstances after the date of this news release
or to reflect the occurrence of subsequent events.