|March 8 2016 |
Greenfield Farms Food Reports Significant Progress In Carmela's Pizzerias Three Franchise Ready Concepts
WEST PALM BEACH, FL / ACCESSWIRE / March 8, 2016 / Greenfield Farms Food, Inc. (Greenfield or the Company) (OTC Pink: GRAS)
reported today that Carmelas Pizzerias three franchise ready operating concepts have all made significant progress in terms of revenue and profitability. The three operating concepts include:
- New Carlisle, Ohio: a full-service dining room menu comprising a Carmelas Pizzeria and including a daily lunch buffet; full liquor bar serving on Sundays; and Sports Grill that offers bar-bites.
- Brookville, Ohio: a smaller Carmelas Pizzeria with a full menu dining room including beer, daily lunch buffet, delivery and carry-out.
- West Manchester, Ohio: a Carmelas Pizzeria dine-in, carry-out, delivery model.
"We are pleased to report that all of our operating units are presently achieving positive cash flow with our internal budget forecasting profitability for the coming year,"
commented Chief Executive Officer, Ron Heineman. "The New Carlisle unit featuring the Sports Grill concept has proven to be a success and is exceeding our expectations.
This location is presently achieving a revenue run rate of $1 million on an annual basis; supporting our belief that the combination of our basic pizzeria model with a
Sports Grill and full-liquor bar is attractive from a consumer's viewpoint," concluded Mr. Heineman.
The Company is presently developing additional complimentary profit centers to its core retail restaurant operations, which is expected to further improve revenues,
gross margins, and profitability. The Company is working to perfect and finalize these plans and initiatives and expects to provide further information to shareholders in the near future.
About Greenfield Farms Food, Inc.
Greenfield is a publicly-traded, nominally capitalized company, operating through its wholly-owned subsidiary Carmelas Pizzeria CO, Inc. Carmelas Pizzeria restaurants
includes pizza buffets, alcohol service, delivery and carry-out, depending on the location.
About Carmelas Pizzeria
Carmela's Pizzeria presently has three Dayton, Ohio area locations offering authentic New York style pizza. Carmela's offers one or more combinations of a full service menu for Dine In,
Carry out and Delivery as well as pizza buffets and a Sports Grill with bar at its various locations. Carmela's has been noted in the Dayton Daily News as one of "The Best Pizzerias" in Dayton. V
isit the Carmela's website at: http://www.CarmelasOhio.com/
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
While these statements are made to convey to the public the companys progress, business opportunities and growth prospects, they are based on managements current beliefs and
assumptions as to future events. However, since the companys operations and business prospects are always subject to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete
discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
Contact Information: Greenfield Farms Food, Inc. Henry Fong, CFO (561) 514-9042