PF Hospitality Group Launches
New Restaurant Concept, Shaker & Pie
BOCA RATON, FL (October 28, 2015) - PF Hospitality Group, Inc. (OTC PINK: PFHS) (“PF Hospitality Group” or the “Company”), a management firm which develops and operates innovative brands within the hospitality industry, announces its newest restaurant concept in Boca Raton, Florida: Shaker & Pie. For its flagship location, the Company has partnered with iconic restaurateurs, Sub-Culture Restaurant Group (http://sub-culture.org). PF Hospitality Group will hold 51% of Shaker & Pie, while Sub-Culture maintains 49%, and the entire transaction is being financed through the Company’s existing shareholders, as announced in July of 2015: (http://www.pfhospitalitygroup.com/pr-07-02-2015).
“We remain pleased with our recent success in developing new restaurant concepts, while increasing our dividends and focusing on shareholder returns and equity,” says Vaughan Dugan, CEO of PF Hospitality Group. “Our hospitality business is a key element of our long term growth plan. Relying on the success we experienced with the Pizza Fusion growth model, we are equally excited about the opportunities ahead for this area of our business.”
“We are thrilled to be partnering with PF Hospitality Group in bringing the Shaker & Pie concept to market,” says Scott Frielich, Vice President of Sub-Culture. “Joining forces allows us to expand and refine our process as operators while leaning on the strength and collective experience of the leadership team, to continue to provide exceptional restaurant industry experiences to our guests, employees and investors.”
With more than 75 years combined experience within the hospitality, restaurant and nightclub space, and with 15 locations throughout South Florida, the executive leadership of Sub-Culture (http://sub-culture.org/the-group/) provides a high level of food & beverage operations experience to the Shaker & Pie™ project. Past successes of this restaurant group collaboration include Dubliner, Dada, and Kapow Noodle Bar: the group’s more recent venture, which boasts some of the highest per-square-foot annual revenue in the industry.
Shaker & Pie is slated to launch in Q2 2016 in popular lifestyle center, Mizner Park, located in Boca Raton, Florida. Shaker & Pie will offer wood-fired oven pizzas, hearty Italian street food, carefully crafted cocktails in a 4,000 sq. foot eatery where the chefs will be taking cues from Italian bistros around the globe and using them for inspiration in their own custom creations. For more information on other PF Hospitality Group projects, please visit: PFHospitalityGroup.com.
About PF Hospitality Group
PF Hospitality Group, Inc., (OTC PINK: PFHS) is a management firm which creates, cultivates, and operates innovative and healthy brands within the restaurant and retail industries. As the creator and current advisor organization of the global, all-natural and organic pizza franchise, Pizza Fusion, PF Hospitality Group oversees the franchise’s 16 locations throughout the United States, Saudi Arabia, and the United Arab Emirates. PF Hospitality Group has also created “Shaker & Pie,” an interactive restaurant concept which combines wood-fired pizzas with healthy, hearty Italian-influenced street food, slated to launch in Q2 2016 out of Boca Raton, Florida. Leaning on its extensive resources and depth of team members, PF Hospitality Group is actively partnering with brands that share a vision to provide a compelling value proposition so that new and unique concepts may be developed and operated with the customer, environment, and bottom line profitability in mind. For more information on PF Hospitality Group, please visit: PFHospitalityGroup.com.
About Sub-Culture Restaurant Group
Sub-Cuture has grown to be an iconic name in the South Florida restaurant and nightclub industries over the past 30 years. With more than 75 years of experience and upwards of 15 locations, the group has helped shape the South Florida dining and entertainment landscape. For more information, please visit: http://sub-culture.org/the-group/.
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This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company's OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.