Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ARHI: inactive Security. FINRA deleted symbol.
https://otce.finra.org/otce/dailyList?viewType=Deletions
ARHI SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.
https://www.sec.gov/litigation/suspensions/2021/34-91170.pdf
Order:
https://www.sec.gov/litigation/suspensions/2021/34-91170-o.pdf
What is status of this acquisition?
Anything expected in the next month?
Why are they not filing reports? What is with the Stop Sign on the OTC Markets?
Any updates for the board on this ticker and their private placement?
American Restaurant Holdings, Inc. Announces the Acquisition of Fronteras Mexican Grill & Cantina (1/10/14)
IRVINE, Calif.--(BUSINESS WIRE)--American Restaurant Holdings, Inc. (OTC: ARHI) (the “Company”) is pleased to announce that it has completed its asset purchase of Fronteras Mexican Grill & Cantina (www.fronterasgrill.com). The acquisition was completed via ARHI’s wholly owned subsidiary, Fronteras Acquisition, Inc.
Located in the Alhambra suburb of Los Angeles, Fronteras was founded in 2006 and has an extensive operating history.
Several highlights of the transaction include:
• High Visibility Location – located on Main Street in the heart of the city which is a high vehicle / high foot traffic destination serving an attractive demographic
• Barrier to Entry / Limited Competition – there are very few Mexican concepts in the immediate area and barriers to entry exist for competing concepts to open nearby
• Attractive Fixed Costs – fixed costs for the location are below-industry average
• Additional Growth Potential – management feels that there is significant growth potential in furthering the Fronteras brand and visibility in the Southern California market
“We are excited about the acquisition of Fronteras Mexican Grill and Cantina. During the course of business we review many potential transactions and this location met our criteria on various levels. We look forward to working closely with Fronteras management and its employees to continue to grow the brand”, stated Tim M. Betts, the Chief Executive Officer of American Restaurant Holdings, Inc.
About American Restaurant Holdings, Inc.
American Restaurant Holdings, Inc. (ARHI) is seeking to acquire stable cash flowing assets in the food service industry. Our primary focus is on the acquisition of multi-unit fast casual and casual dining locations whereby we can grow the number of locations and brand. In addition, we also acquire stand-alone destination locations that serve both food and alcohol.
Additional information may be found on the Company’s website at: www.americanrestaurantholdings.com.
http://www.businesswire.com/news/home/20140110005627/en/American-Restaurant-Holdings-Announces-Acquisition-Fronteras-Mexican#.UtCwCx6A2Uk
Well they could buy into CASA, Mexican Restaurant Group, Inc. It's cheap on an earnings and mulitples basis but operates its burrito chains in Texas.
I won't pump it here, I know it's against the rules. I only have a few shares anyway...for now.
American Restaurant Holdings, Inc. Becomes a Publicly Traded Company (6/11/13)
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Focus Entertainment International, Inc. (OTC: FEIID), has acquired American Restaurants, LLC, a Nevada limited liability company, through a reverse merger transaction. As part of the acquisition, the Company has changed its name to American Restaurant Holdings, Inc. (“Company”). The Company continues to trade under the symbol “FEIID.”
American Restaurant Holdings, Inc. is seeking to acquire stable cash flowing assets in the food service industry. We are focused on making acquisitions of quick service restaurants (QSR’s), fast casual and casual restaurants, and wholesale - retail food manufacturing. The Company has identified a number of food service locations that are being offered for sale. A majority of these target acquisitions are located in Southern California although future potential acquisition candidates could be located in other Western states.
Per our acquisition model, our plan is to use a combination of equity and debt financing to close on the target transactions while we look to leverage our investor’s capital to increase our acquisition buying power. Our target acquisition structure is a portion of the purchase price paid in cash with the remaining amount paid to the seller in the form of stock and/or a seller financed note.
Why we like the Food Service Industry: we are targeting a strong demographic of 18 – 30 years olds and according to the National Restaurant Association, a leading industry trade group, the US Food Service Industry was expected to post sales of $631 billion in year-end 2012. This is a 3.5% increase from 2011 and the third consecutive year of positive growth.
“The successful completion of this transaction is a significant milestone for us. Our listing on the OTC will provide us with the ability to access new sources of capital with which to grow our company. In addition, it is expected to greatly enhance our visibility and market awareness,” stated Tim M. Betts, Chief Executive Officer of American Restaurant Holdings, Inc.
Additional information may be found on the Company’s website at: www.americanrestaurantholdings.com.
Safe Harbor Statement
Except for historical information contained herein, the statements in this news release are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results, performance and achievement in the future to differ materially from forecasted results, performance and achievement. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectation.
Contacts
American Restaurant Holdings, Inc.
Tim M. Betts
949-270-2777
tbetts@americanrestaurantholdings.com
http://www.businesswire.com/news/home/20130611006463/en/American-Restaurant-Holdings-Publicly-Traded-Company
Focus Entertainment Intl., Inc. changed to American Restaurant Holdings, Inc., and a one for 50 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=05/31/2013&mkt_ctg=NON-OTCBB
Followers
|
0
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
12
|
Created
|
08/06/12
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |