EEDG's Gourmet Wing Company Inc. Signs Letter of Intent With Red Restaurant Ventures' Big Chow Grill
Unique Healthy Stir-Fry Grill Seeks to Expand Here, Abroad
(firmenpresse) - ATLANTA, GA -- (Marketwired) -- 04/24/13 -- Energy Edge Technologies Corporation (OTCQB: EEDG) subsidiary The Gourmet Wing Company Inc. announced today that its management division, Gourmet Wings Management Co. (GWMC), has signed a Letter of Intent with Red Restaurant Ventures (RRV) to exclusively manage RRV's Big Chow Grill, an existing profitable restaurant located in Atlanta, Georgia, with annual revenues in excess of $2.4 million. The Letter also calls for the development of a Master Franchising Agreement that gives GWMC the exclusive right to franchise the concept through Area Developers and individual entrepreneurs who want to bring the Big Chow Grill concept to diners across the United States and internationally.
James Boyd, President and CEO of EEDG said, "This agreement gives us our first franchisable platform. Management expects this agreement to provide enhanced and scalable revenues to EEDG through our wholly owned subsidiary, GWMC, as a result of collected franchise fees and weekly royalties. It has always been EEDG's intention to manage and develop a broad portfolio of restaurant concepts that will benefit and enhance the value of our company."
The Master Franchising Agreement, which is pending while the required franchise disclosure documents and state registrations are acquired, also requires GWMC to provide an array of management and support services, both to existing and future Big Chow Grill company and franchise locations.
By delivering big American-Asian flavors with healthy ingredients, Big Chow Grill is the next step in the evolution of American stir-fry. The grill's main attraction is its market-fresh, create-your-own Stir-Fry Bar loaded with more than 70 ingredients including seasonal vegetables, beef, poultry, pork, seafood options and various local ingredients.
The grill only uses heart-smart canola oil and it uses no MSG. Customers can choose any combination of the 17 signature sauces, some of which are sugar-free, gluten-free and meet vegetarian dietary restrictions, to top off the hand-picked ingredients.
Appetizers include healthy options in addition to signature Asian favorites such as egg rolls and chicken coconut soup. The bar features Big Cocktails, Asian-inspired Martinis, Skinny Sips, made with less sugar, and frozen cocktail classics served in 16-ounce hurricane glasses.
"Our dining room is busy, and we've received good reviews, which have been posted online," said Boyd. "So stop by and see us."
This release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Important factors known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, ability to compete successfully, and ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
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Datum: 24.04.2013 - 15:09 Uhr
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News-ID 252508
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ATLANTA, GA
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Beverages
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