Nov 25, 2024 - 18:17
By manilatimes.net

Fast Casual Concepts, Inc. Announces Acquisition of CK Distribution

GROVE CITY, Pa., Nov. 25, 2024 (GLOBE NEWSWIRE) — Fast Casual Concepts, Inc. (OTC: FCCI) («Company”) announces it is acquiring 100% of CK Distribution.

CK Distribution is a wholesale and retail distributor of nonalcoholic mixers throughout the State of Florida. The acquisition is the first step towards a new business direction of Fast Casual Concepts, Inc. Prior to this acquisition, the Company underwent a 1 for 4 reverse stock split and the total remaining common shares outstanding are 26,112,754. Management intends to provide the shareholders with the best opportunities possible and the board of directors believes that this acquisition will position the Company well for future growth and opportunity.

George Athanasiadis, CEO of Fast Casual Concepts, Inc. stated, „This acquisition is an exciting new opportunity, and I believe we have an opportunity for rapid growth in a very lucrative market.”

About CK Distribution:

CK Distribution sells nonalcoholic mixers through wholesale and retail channels. Some of CK Distributions' products can be found at www.7sinsmixes.com.

Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as „may”, “will”, „to”, “plan”, „expect”, “believe”, „anticipate”, “intend”, „could”, “would”, „estimate,” or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risk, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date hereof. Additional information regarding the