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$GIGL$ Ground floor opportunity here to get in and be part of the investment group. GIGGLES N HUGS is a buy and hold stock. #1 stock in OTC that has a chance to go to the Big boards. With only 134 million shares outstanding
GIGL Security Details
Share Structure
Market Value1 $11,703,436 a/o May 18, 2017
Authorized Shares 1,125,000,000 a/o May 11, 2017
Outstanding Shares 134,522,251 a/o May 11, 2017
-Restricted 36,999,944 a/o May 11, 2017
-Unrestricted 97,522,307 a/o
Chucky cheese is worth 1.4 BIllion dollars. We are way undervalued here. Just wait and she GIGL will be trading in the .50 to over 1.00 by next year or if they get a Franchise deal or open up alot more stores it may be sooner. I wouldn't want to be short here for sure.
Plus this weekend
Bahrain Restaurant franchising & Hospitality Forum 2017 Taps Giggles N’ Hugs’ Philip Gay as expert guest Speaker
May 11, 2017
OTC Disclosure & News Service
-
Los Angeles, May 11, 2017 (GLOBE NEWSWIRE) -- Giggles N’ Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, is pleased to announce that its Chief Business Development Officer, Philip Gay, has been invited as an expert guest speaker at the Bahrain Restaurant Franchising & Hospitality Forum 2017 (“Forum”).
Being held under the patronage of Shaikh Khaled Bin Humood Al Khalifa, the Forum is a platform for discussion with international experts on worldwide trends and opportunities in the hospitality and restaurant sectors.
“Philip has gained tremendous experience in restaurant operations and franchising in his various senior leadership roles over the years, including stints as CEO of Wolfgang Puck Enterprises, CEO of Daily Grill concepts, CFO of California Pizza Kitchen, and CEO of Color Me Mine, to name a few ” commented Joey Parsi, CEO. “This forum will provide an opportunity to share some of that expertise with big players on the global stage."
This will be huge this weekend in my opinion. big pockets will see this
I would love to see us break the .26 high next week with awesome news.
[color=green][With the level of interest we’ve received over the years from potential franchisees from all around the world, now that the foundation of the company has been put in place, Mr. Gay will be meeting with parties, who in recent weeks, have expressed interest in acquiring a master license for multipe locations in Bahrain. Although no assurances can be given in finalizing any deals, we believe Mr. Gay's attendance could lead to significant new opportunities in the Middle East and around the world.”
The Forum will be held on May 21-22 at the Bahrain International Exhibition Center.
Long term investor here. I don't usually invest in any penny stocks for long term but believe with all the DD and solid management this is a GEM here. My advise it to buy and don't worry about the day to day action. Just add on dips and we will be rewarded. Just look at Starbucks and Monster energy. GIGGLES N HUGS
SO SAD :)
$GIGL$ I only have one post but I believe there has been a lot of people scared out of buying shares here. We are way undervalued on the potential alone here. I'm thinking this will see its 52 week high soon and then climb to $1.00 and then go to the big board. Just look at what is going on. Great management. I personally will not sell any shares below .75 cents. I have been adding here for long term. I feel this company has a great opportunity to be a household name. See all DD.
Bahrain Restaurant franchising & Hospitality Forum 2017 Taps Giggles N’ Hugs’ Philip Gay as expert guest Speaker
May 11, 2017
With the level of interest we’ve received over the years from potential franchisees from all around the world, now that the foundation of the company has been put in place, Mr. Gay will be meeting with parties, who in recent weeks, have expressed interest in acquiring a master license for multipe locations in Bahrain. Although no assurances can be given in finalizing any deals, we believe Mr. Gay's attendance could lead to significant new opportunities in the Middle East and around the world.”
The Forum will be held on May 21-22 at the Bahrain International Exhibition Center.
This forward looking news is worth .50 cents a share in my opinion. Just think of all the big investors wanting to get in here at ground floor.
OTC Disclosure & News Service
http://www.otcmarkets.com/stock/GIGL/news
Title
Type
May 11, 2017 Bahrain Restaurant franchising & Hospitality Forum 2017 Taps Giggles N’ Hugs’ Philip Gay as expert guest Speaker Press Release
Apr 24, 2017 Giggles N’ Hugs’ Engages PacificShore Ventures to Explore M&A Opportunities Press Release
Apr 17, 2017 Giggles N’ Hugs Announces Fiscal Year 2016 Financial Results Press Release
Mar 29, 2017 Giggles N’ Hugs signs Tia Mowry as its newest Celebrity Brand Ambassador Press Release
Mar 8, 2017 Giggles N' Hugs Partners with World-Renowned Wellness Expert Jillian Michaels for Comprehensive Brand Expansion Press Release
Mar 8, 2017 GIGGLES N’ HUGS PARTNERS WITH WORLD-RENOWNED WELLNESS EXPERT JILLIAN MICHAELS FOR COMPREHENSIVE BRAND EXPANSION Press Release
Feb 16, 2017 Giggles N’ Hugs Announces full Debt Conversion with Iconic Press Release
Jan 26, 2017 Giggles N’ Hugs signs LOI with $1.4 Million of tenant allowances which covers the cost for the first Northern California Location Press Release
Jan 18, 2017 Giggles N Hugs CEO, Joey Parsi Talks New Markets, Celebrity Endorsements, and Branded Merchandising Press Release
Jun 23, 2016 Giggles N’ Hugs, Inc. (GIGL) engages Kiddos, Inc. and Michelle Steinberg of dOMAIN Integrated to Launch New Marketing and PR Initiatives Press Release
Results Per Page 102050
Patients is kind . Gigl is a great company. This isn't a trade. Lock it up and come back a year from now
$GIGL$ is ready to move back to its 52week high .26 and bust through that. Shorts have brought this down. BESt TICKER IN OTCQB
https://www.otcmarkets.com/stock/GIGL/news/Bahrain-Restaurant-franchising--amp--Hospitality-Forum-2017-Taps-Giggles-N-rsquo--Hugs-rsquo--Philip-Gay-as-expert-guest-Speaker?id=158734&b=y
With the level of interest we’ve received over the years from potential franchisees from all around the world, now that the foundation of the company has been put in place, Mr. Gay will be meeting with parties, who in recent weeks, have expressed interest in acquiring a master license for multipe locations in Bahrain. Although no assurances can be given in finalizing any deals, we believe Mr. Gay's attendance could lead to significant new opportunities in the Middle East and around the world.”
The Forum will be held on May 21-22 at the Bahrain International Exhibition Center.
We know who is short here. The negative folks are in trouble here and it may be a wise choice to cover your short. GIGL is going back to .26 and breaking its 52 week high. There is way to much DD. The scare tactics used by some on this board worked for the weak investors but now the shares are in much stronger hands. . GIGL goes much higher. I'm a long investor . 5 years or more . This stock is going to dollar land. Management is doing a great job. GIGL is so undervalued right here with all the potential. Has the naysayers heard of crying wolf...... so SAD.$$$$$$. That we will be going back to are 52 weak high.
How can people invest or trade this garage. Drys. They kept getting new bag holders I hope you do well
Good luck. $GIGL$. Make the shorts go home crying. Great news yesterday. Loaded the goodies here. Long term investment for me. 5 years or more. Buy and hold folk. We are going back to .26 and breaking new highs in the next two weeks. Mm will be covering fast
How many times does drys have to screw over investors to realize they don't care if they kept diluting and RS
Drys is a scam let it go to zero. RS RS then raise money RS. Drys really cares about shareholders alright. Try $gigl$. They actually care about shareholders and it is a long term buy and hold. News out today
What are you smoking brother. Don't get caught is this scam
Why do people even buy this $h$t. Try. $GIGL$. They at least care about there shareholders and with the SS it could run to .50!cent to 1.00. Check out all the DD.
Drys does r after RS and traders and investors get smoked here.
$NEWS$ ITS TIME FOR ALL THE NAYSAYERS TO START CHASING GIGL. WE WILL BE BACK UP TO .26 CENTS OR MORE IN THE COMING MONTHS. you have to love it when I can get more cheap shares. Nobody here can make me sell. My goal is 2 million. Getting closer. This is the time to add........ Long term investment here. If people are negative they just want in at a cheaper price. period.
Bahrain Restaurant franchising & Hospitality Forum 2017 Taps Giggles N’ Hugs’ Philip Gay as expert guest Speaker
May 11, 2017
OTC Disclosure & News Service
-
Los Angeles, May 11, 2017 (GLOBE NEWSWIRE) -- Giggles N’ Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, is pleased to announce that its Chief Business Development Officer, Philip Gay, has been invited as an expert guest speaker at the Bahrain Restaurant Franchising & Hospitality Forum 2017 (“Forum”).
Being held under the patronage of Shaikh Khaled Bin Humood Al Khalifa, the Forum is a platform for discussion with international experts on worldwide trends and opportunities in the hospitality and restaurant sectors.
“Philip has gained tremendous experience in restaurant operations and franchising in his various senior leadership roles over the years, including stints as CEO of Wolfgang Puck Enterprises, CEO of Daily Grill concepts, CFO of California Pizza Kitchen, and CEO of Color Me Mine, to name a few ” commented Joey Parsi, CEO. “This forum will provide an opportunity to share some of that expertise with big players on the global stage."
With the level of interest we’ve received over the years from potential franchisees from all around the world, now that the foundation of the company has been put in place, Mr. Gay will be meeting with parties, who in recent weeks, have expressed interest in acquiring a master license for multipe locations in Bahrain. Although no assurances can be given in finalizing any deals, we believe Mr. Gay's attendance could lead to significant new opportunities in the Middle East and around the world.”
The Forum will be held on May 21-22 at the Bahrain International Exhibition Center.
About Giggles N’ Hugs
Giggles N' Hugs is the first and only restaurant that brings together high-end, organic food with active, cutting-edge play and entertainment for children. Every Giggles N' Hugs location offers an upscale, family-friendly atmosphere with a dedicated play area that children 10 and younger absolutely love. We feature high-quality menus made from fresh and local foods, nightly entertainment such as magic shows, concerts, puppet shows and face painting, and hugely popular party packages for families that want to do something special.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
INVESTORS RELATIONS CONTACT:
Bruce Haase?
RedChip Companies, Inc.?
800.733.2447, ext. 131?
bruce@redchip.com
PUBLIC RELATIONS CONTACT:
Michelle Steinberg
dOMAIN New York
601 West 26th St. Suite #1750
New York, NY 10001
212-675-0012
dOMAIN Los Angeles
7961 W 3rd Street, 2nd Floor
Los Angeles, CA 90048
323-549-0012
Joey Parsi - Founder/CEO
Giggles N Hugs
Joey@gigglesnhugs.com
http://www.gigglesnhugs.com/
Primary Logo
Copyright © 2017 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Good luck. $gigl$ is a better opinion
$GIGL$ (UNDERVALUED HERE)Double or tripled here on any news. Please be patient Long term shareholder here. I will add on dips like I said and not give anybody my shares. this is a 5 year investment or more for me. The day to day don't mean anything to me. I have faith in this management and belive in the concept of this company. I have also email the CEO and have gotten responses back.
Nothing has changed here and we don't have any TOXIC DEBT like many here say per CEO. This is scared money selling right now and shorts. I know that Scottrade doesn't allow anybody to short nothing under $5.00. there is some firms that do allow shorting Penny stocks. You may want to be careful here . you may have a large bill to face once Giggle N HUGS does start expanding rapidly. All the DD is on the wall. GIGL is a solid investment. Yes it has been down a lot lately but I bet on the DD that we will see .50 cent to 1.00 or even multi dollars. Chuck Cheese is valued at 1.4 billion and we are a better company. Can't wait to get a GIGGLE and HUGS in IOWA.
http://www.otcmarkets.com/stock/GIGL/news
"From the founding of the company over 9 years ago and with significant personal resources invested to date, our mission has been to go slowly but surely", commented Parsi. "However, now that the foundation of the company has been put in place, our primary goal will be to go full throttle and expand our footprint through company and franchised locations, as well as the launching of our licensing and merchandising products throughout the country and the world". Parsi continued, "For this to happen, we are going to need funding which is the case for any company at our stage". "This is also the case for much larger companies like Tesla or any others at the same stage as we are. "The key for us however, will be to get funding that is minimally dilutive, as we have learned our lessons and understand the effects of what bad financing can cause. We will do whatever we have to do to get it done right", Parsi stated.
[color=red][/color]
"One way we can do this, is to leverage our relationships with the 4 largest mall owners in America by getting them to pay for most, if not, all the costs of each of our new locations. The mall owners need what we deliver to them. It's what they seek most; Foot traffic!!! With more and more people shopping online at places like Amazon, there are less and less consumers visiting the malls, and since we bring in thousands of people per month in each of our locations, the malls look to us as a partner. This is one of the reasons the landlords have paid for a significant portion of our existing locations' build out costs and why they are willing to pay even more, if not, all the costs going forward
I bought at .19 and continue to add here. Looking forward to owning 2 million shares. Nothing has changed. When news hit we are getting more stores we we will double and be back too new highs . All the DD is on the wall. I don't care about the paper losses . I'm here for a long term investment. 5 years or more:) I have faith in the management
That isn't nothing man. Gigl is primed and ready for next run if you don't want to join please move to another board . I'm long no matter what . It takes time for a company to grow an the fact they only have 134 million shares outstanding is an awesome accomplishment by the leadership. People should feel lucky there has been scared money and some shorts to get this down to .07 cents. Next run will be epic and it may not come back down .
Agreed. GIGL is the best ticker here. Glad to be part of the ride and looking forward to the long term here. What's nice is I need to hold a year at least for only 15 percent tax. But I have a feeling this will be a long term invest and my goal is now 2 million shares. :). It would be nice to make an agreement with the malls to open up 10 more locations and with a 1.4 million LOI to 700k. To open :). Plus big time revenue with there pizzas or dinners at stores. Have a great day and weekend. I'm out until Monday.
Gigl looking good. I know what I own and yes triple digits will come. More like 1.00 or higher in the future. Looking forward to go to one near my location soon in the Midwest:). Imy goal was 1 million shares now I think the scared money has made me change my mind to hopefully get 2 million shares. :). Stock have up and downs. Shares are getting locked in stronger hands. Next run will be epic and it may stay at those levels and move higher
OVERSOLD at GIGL for sure. Once we get news of stores opening we will be tripled back up to the .24 range. Float locked up. once 100k shares get taken out we back up to .10
THIS IS the TIME TO BUY $GIGL$ for sure. See below. Shares locked up ready for move back to new highs. Long term investment here for sure.
"From the founding of the company over 9 years ago and with significant personal resources invested to date, our mission has been to go slowly but surely", commented Parsi. "However, now that the foundation of the company has been put in place, our primary goal will be to go full throttle and expand our footprint through company and franchised locations, as well as the launching of our licensing and merchandising products throughout the country and the world". Parsi continued, "For this to happen, we are going to need funding which is the case for any company at our stage". "This is also the case for much larger companies like Tesla or any others at the same stage as we are. "The key for us however, will be to get funding that is minimally dilutive, as we have learned our lessons and understand the effects of what bad financing can cause. We will do whatever we have to do to get it done right", Parsi stated.
Shares are locked up and once we get news of new stores opening or they have got funding to open up new stores this will triple in a hurry. Plus they have other possible sources of revenue. Remember you pay for forward looking. I have added at every price here. IN my personal opinion. This is a steal here.
https://www.otcmarkets.com/stock/GIGL/news
https://www.otcmarkets.com/stock/GIGL/profile
THIS IS the TIME TO BUY $GIGL$ for sure. See below. Plus look at all the DD . Anyone that is negative here is hoping for cheaper shares that is all there is too it.
"From the founding of the company over 9 years ago and with significant personal resources invested to date, our mission has been to go slowly but surely", commented Parsi. "However, now that the foundation of the company has been put in place, our primary goal will be to go full throttle[/u] and expand our footprint through company and franchised locations, as well as the launching of our licensing and merchandising products throughout the country and the world". Parsi continued, "For this to happen, we are going to need funding which is the case for any company at our stage". "This is also the case for much larger companies like Tesla or any others at the same stage as we are. "The key for us however, will be to get funding that is minimally dilutive, as we have learned our lessons and understand the effects of what bad financing can cause. We will do whatever we have to do to get it done right", Parsi stated.
Shares are locked up and once we get news of new stores opening or they have got funding to open up new stores this will triple in a hurry. Plus they have other possible sources of revenue. Remember you pay for forward looking. I have added at every price here. IN my personal opinion. This is a steal here.
https://www.otcmarkets.com/stock/GIGL/news
https://www.otcmarkets.com/stock/GIGL/profile
Correct. Gigl is a real company and will do well. It takes time. Buy and come back in a year. Just think if nobody sells on the bid and make people buy on the ask it will go up. This is getting rid of the weak and with the next good announcement this will gap up in my opinion and break our current high of .26. It's hard seeing it go down but that is were you have to trust your DD and the current management which I do. I have emailed joey and got a response back. The next day. Nothing has changed . They are working on expanding the business.
Clear we all know what people want to get cheaper shares of GIGL. I'm adding on any dip. 134 million shares outstanding and only 96 million restricted is pretty impressive for an otc company. Looks like someone wants cheaper shares or shorting. Why else would we say that?? All the DD is writing on the wall for gigl.
NEWS> INTERVIEW WITH CEO TODAY AT 1:00pm folks. GLobal online GROWTH CONFERENCE Day 2. First on IHUB>
2:00 pm Giggles n' Hugs
OTCQB:GIGL
Joey Parsi, Pres
http://www.redchip.com/events/12/april-2017-global-online-growth-conference#schedule
Yes we have a 13 million market cap but remember we go on forward looking. When we are making 50 to 100 million a Year we will be way above the .50 cents to 1.00 range. Mark this shorties. We are way undervalued here. i would not sell on the Bid. be patient. I have added on the dip everytime. I have 150k shares for my daughter college fund as well. :)
You can ask question and he will answer. Don't let anyone scare you out of your shares
Thank you all
http://www.redchip.com/company/consumer-goods/GIGL/227/consumer-goods
I would look at red chip for all information as well. Also it looks like someone called in to OTC and gave them false information. We only have 1,125,000 shares Authorized. Not unlimited.
i only get one post on GIGL :(
Bought another 100k at .0936 Had my order put in for .098. Great play here solid management. Gigl will be going back to .26 highs and above mark this boys. The shorts will get hammered. This stock has been attacked by shorts and drove down. Know what you own . Make the shorties pay up
Adding today. Good luck with you .05 cents. I have added shares here where this company will be a BB company. Good news out today. The longs will be be rewarded nicely here.
Huge Money managers will be here today. WATCH OUT FOR NITE on the MM Could see .10 cents the a short covering will need to happen. We will be back to .26 or higher in 3 months mark this This stock is a buy and hold. or add on dips
https://www.otcmarkets.com/stock/GIGL/news/Giggles-N-rsquo--Hugs-rsquo--Engages-PacificShore-Ventures-to-Explore-M-amp-A-Opportunities?id=156796&b=y
Giggles N’ Hugs’ Engages PacificShore Ventures to Explore M&A Opportunities
Apr 24, 2017
OTC Disclosure & News Service
-
Los Angeles, April 24, 2017 (GLOBE NEWSWIRE) --
Giggles N’ Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, has engaged PacificShore Ventures (PacificShore), a global specialty finance and M&A firm, to explore potential synergistic acquisition opportunities.
“Those that have followed Giggles N’ Hugs know that we have plans to develop and launch a full line of complementary merchandise under our growing brand. This relationship with PacificShore could help us jump-start this segment of our business,” commented Joey Parsi, CEO. “Acquisition targets that we plan to look at could include food companies, with established distribution, that expedite the launch of our frozen food line of pizzas, pastas, and other kids’ meals in which we infuse healthiness by pureeing vegetables and hiding it in kids favorite meals, similar to what California Pizza Kitchen and Wolfgang Puck have done with their frozen meals that are available at the local supermarket.”
"Because of the generous tenant improvements we are being offered by the biggest mall owners in the country, our focus is and will remain with opening new locations where mall owners pay for most if not all the build out costs, however we could also look at other play spaces that host birthday parties, children’s clothing companies, toy manufacturers, or even other restaurant concepts that could be either synergistic and or easily converted to a Giggles N Hugs location,” Parsi stated. "Our current plan is to have the existing management teams of any acquired company stay in place so that we are not distracted from our priority of growing our footprint.”
The Company is targeting companies which are cash flow positive and have minimum annual revenue of $5 million or more. PacificShore has been tasked with identifying and creating target company profiles, introducing, initiating negotiations, and ultimately facilitating the closing of such potential companies and to introduce traditional banking relationships for the Company to fund the acquisitions.
"We are excited to work with Giggles N’ Hugs and explore opportunities in the M&A world to accelerate their growth. We believe Giggles is in the right position and has the right management to acquire and integrate companies to benefit their shareholders in the short and long term," Mason Habib, Founder & Managing Partner of PacificShore Ventures, stated.
“If and when we complete an acquisition, we anticipate that it will allow us to expedite our plans to up list to a national exchange as well as being accretive to our top and bottom line numbers,” Parsi stated. “Driving shareholder value will be a key focus as we explore potential acquisition targets with PacificShore. Executed well, this strategy should positively impact our growth prospects in the near-term,” concluded Parsi.
About Giggles N’ Hugs
Giggles N' Hugs is the first and only restaurant that brings together high-end, organic food with active, cutting-edge play and entertainment for children. Every Giggles N' Hugs location offers an upscale, family-friendly atmosphere with a dedicated play area that children 10 and younger absolutely love. We feature high-quality menus made from fresh and local foods, nightly entertainment such as magic shows, concerts, puppet shows and face painting, and hugely popular party packages for families that want to do something special.
About PacificShore Ventures
PacificShore Ventures is a global specialty M&A intermediary firm committed to innovation, strategy, and teamwork. We provide strategic solutions for private equity, small, mid-market and venture-backed businesses in every sector. We excel at finding the right target, recognizing and presenting synergies between the buy side and the sell side. Our methods create a tangible impact and new value for all our clients.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
INVESTORS RELATIONS CONTACT:
Bruce Haase?
RedChip Companies, Inc.?
800.733.2447, ext. 131?
bruce@redchip.com
PUBLIC RELATIONS CONTACT:
Michelle Steinberg
dOMAIN New York
601 West 26th St. Suite #1750
New York, NY 10001
212-675-0012
dOMAIN Los Angeles
7961 W 3rd Street, 2nd Floor
Los Angeles, CA 90048
323-549-0012
Joey Parsi - Founder/CEO
Giggles N Hugs
Joey@gigglesnhugs.com
http://www.gigglesnhugs.com/
Primary Logo
I totally agree John. there is a few people trying to scare people into selling there shares. I'm not concerned with the Day to Day action but i will be hoping my funds clear before tuesday so i can add to my share count . I will finially reached my goal of 1 million shares.
Get ready there will be big funds ready to load this and squeeze the shorts. it will be CDEL buying the shares. I know these Money managers. LOL who does that sound like. but of course the negative side of things.
The DD is in black and White. this is the only OTC QB stock that i have for a long term investment and i believe the strong will be greatly reward as the weak will be very disappointed to find out we are well above are .26 high in a couple months or even at .50 cents to 1.00 on franchise news. if and when that does hit you will be seeing over .20 cents quickly.
I would advise for everyone to do some DD and put this away and don't worry about the day to day price. People need to be strong here and not let the Shorts and MM play games with your money. We will see who is the winner come three months from now. :) Have a feeling the strong will be on top and the weak will be crying and the shorts will be owning Etrade over 100k that would be awesome.
https://www.otcmarkets.com/stock/GIGL/news
I would look at the OTC markets and read all there filings and listen to the Interview by the CEO. remember this should be forward looking and this is a chance to get in at ground floor here. Quit looking at this board 24 7 and go find a hobby (Talking about all the scared money)
If people would quit selling and make them buy on the bid this would easily go up. also the low volume manipulation is what is going on. Trying to scare week hands out. I'm buying what i can and locking up shares. I know everyone says this but if they get great news good luck at getting in at these levels we could be up 100% in a heart beat . Mark that you shorts then another 100% to 200% on short covering if we do have some crazy folks out there.
$GIGL$ this is a no brainier here. BUY< BUY< BUY. Its called forward looking. and this company GIGGLE N HUGS's will be big and have over 100 locations. Then you are talking over 100 to 150 million in revenue. AND over $1.00 in share price
https://www.otcmarkets.com/stock/GIGL/news
Good luck at getting my shares at that price. I have added almost every friday and will kept adding. Thank you for the cheap shares the last couple of days. if people sell down to that level they are plain a horrible investor in my opinion. You can have some of mine around
80 cents to 1.20 if you want.
**Giggles N’ Hugs (GIGL) is structured to benefit from multiple revenue drivers;**
-Admission fee for play area access
-Food and beverages
-Birthday parties and private rentals
-Child drop-off service
-Beer and wine
Branded in-store and retail outlet merchandising via licensing and merchandising model U.S. and international franchising
- star-studded list of customers and their children including Sandra Bullock, Heidi Klum, Jessica Alba, Halle Berry, Jennifer Garner and Ben Affleck, Denis Quaid, Mark Whalberg, Adam Sandler and Dustin Hoffman.
- Giggles N’ Hugs (GIGL) was rated among the best family and kid-friendly restaurants by CitySearch, GoCityKids, and Nickelodeon, Giggles N' Hugs (GIGL) has been voted the No. 1 family restaurant, No. 1 birthday party place, and the No. 1 indoor play space in all of Los Angeles.
- Giggles N’ Hugs (GIGL) has an O/S count of 119 million and a tiny float of 89 million or less shares verified with TA on 02/16/17 www.otcmarkets.com/stock/gigl/profile (This means the share price could rise very quickly with such a small amount of shares available )
- Giggles N’ Hugs (GIGL) has a very powerful management team, just look at these amazing people and what they bring to Giggles N’ Hugs (GIGL):
Joey Parsi, Founder & Director:
Joey Parsi had a long and successful career as an investment manager and entrepreneur. He had a 20+ year career working on Wall Street for Lehman Brothers, Sutro and Company, and Prudential Securities. Parsi previously served as an investment advisor for Lehman Brothers; senior vice president at Sutro and Company, where he managed and oversaw millions of dollars for individual and institutional investors specializing in IPOs and technology equities; and worked at Prudential Securities where he oversaw client assets in a number of investments.
In 1998, Parsi opened Barron Chase and was able to expand the company to more than 30 employees. In total, Parsi and his team raised more than $30 million in funding for nine separate companies, many of which are now publicly traded on the NASDAQ markets. After liquidating the business in 2001 he joined TD Waterhouse, where he personally managed more than $350 million in assets for clients, and oversaw more than $1 billion in assets in his region. Parsi then went on to found Giggles N’ Hugs (GIGL).
Giggles N' Hugs President John Kaufman was the COO at California Pizza Kitchen when the founders had just two locations. Joined by Giggles N' Hugs' CFO Phillip Gay, who at the time was CFO of California Kitchen, Kaufman grew the company from two to more than 100 locations – at which time it was bought by Pepsi Co.
Kaufman was recruited as president of Koo Koo Roo Chicken, one of the fastest growing fast-casual concepts on the west coast, while Gay joined Wolfgang Puck Restaurants group as CFO, eventually becoming the CEO.
Michelle Steinberg has an impressive history of successfully assisting numerous A-list celebrities and major corporate brands with product launches and various other ventures. Her experience includes launching several renowned restaurant brands, including TAO restaurants, the Palazzo Hotel, House of Blues and Planet Hollywood and All Star Cafe.
MIchelle Steinberg has also handled product launches for many celebrity brands, including, Elton John, Nicole Richie, Jennifer Hudson as well as many others and currently works with corporate clients across the hospitality, lifestyle, fashion and beauty spaces, including iconic brands such as Volkswagen, TAO Group, The Los Angeles Lakers, Forevermark, a De Beers Company, Crocs, Kohl's, Bruno Magli and Ben Sherman among others. Leveraging her astute capabilities and significant industry relationships, Steinberg will likewise introduce the Giggles N’ Hugs brand to a targeted audience of investors, media professionals, manufacturers, retailers, advertisers, designers, distributers and consumers.
In addition to strengthening Giggles N’ Hugs’ overall brand strategy, Steinberg will assist with the market launch of new restaurant locations, services and products at a grassroots level in several major markets nationwide, including New York, Miami, Chicago and Los Angeles.
https://www.linkedin.com/pulse/top-reasons-buy-gigl-now-everett-jolly
Looks like scared money selling. Smart money will add here to gigl. When this moves I hope you have to chase the gap p and kept climbing. To much emotions involved here . Trust the good lord my fellow investors. GIGL is a gem. Looks like mm is try to scare people. Don't set sell limit orders . The mm will see it and drop it to that price
Great news this morning and good 10K. This company is a rare OTC play and it won't be there long. It is heading to the BB soon in my opinion. I have added the last week . I feel bad for the shorts ( NOT REALLY :)) this may be breaking its .26 high sooner than later. anything under $1.00 is a steal here.
By the way Happy late Easter. So thankful the lord has send me here.
https://www.otcmarkets.com/stock/GIGL/news/Giggles-N-rsquo--Hugs-Announces-Fiscal-Year-2016-Financial-Results?id=156048&
Giggles N’ Hugs Announces Fiscal Year 2016 Financial Results
Apr 17, 2017
OTC Disclosure & News Service
-
Los Angeles, April 17, 2017 (GLOBE NEWSWIRE) --
Giggles N’ Hugs, Inc. (OTCQB: GIGL), owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, announces its financial results for the fiscal-year ended January 1, 2017.
“We are excited of our operational successes for 2016 and there is a lot to be proud of. As we work hard to get the company ready for additional future growth, we understand that this is just the beginning and that there is much more work for us to do,” commented Joey Parsi, founder and CEO of Giggles N’ Hugs. “Our year-over-year results reflect the selling of our lease of our Century City location back to Westfield at the end of June of 2016. Given that Westfield had embarked on a multi-year, $1 billion renovation and redevelopment of the mall, they offered to buy back our lease, an offer we accepted since we only had a limited time remaining on our lease. This sale muted the overall impact of our other stores in Topanga and Glendale, which generated annual sales increases of 5.3% and 5.7%, while quarterly revenue was up an astounding 35% and 23%, respectively.”
Parsi continued, “the impressive same-store sales growth we saw in Topanga and Glendale, further validates our award-winning concept. And with our loss from operations declining 54% year-over-year, we believe we’ve further proven our ability to execute. We are working hard to continue this momentum", Parsi continued.
“Since the fiscal-year end, we’ve seen quite a few successes. Through our work with DomainLA and Michelle Steinberg, who joined our team in 2016, we’ve brought on two very high-profile brand ambassadors, Jillian Michaels and Tia Mowry-Hardict. These are amazing business women, entertainers, and most importantly, incredible mothers who happen to be among our best and most loyal customers. With their huge fan base, which combined, totals tens of millions of followers, we know that our vision, who we are and what we do will be effectively communicated to families throughout the country. We believe other celebrities will join their ranks moving forward, helping us spread the Giggles N’ Hugs story further, extending our reach, and ultimately increasing our customer base and revenue,” continued Parsi.
With DomainLA’s help, we plan on having our brand ambassadors and CEO appear on national talk shows which could include, Ellen, Dr. OZ and others, as well as on TV entertainment and news programs, such as, Good Morning America, The Today Show, Access Hollywood, and Extra, among the many others on major networks and cable TV outlets. In addition to TV, we expect to have our ambassadors, as well as our CEO, be interviewed on national and local news, business and entertainment magazines. We anticipate publications like Forbes, Bloomberg Businessweek and the Wallstreet Journal, who have already featured us, to be just a few examples, as well as People, Us and OK magazines on the entertainment side.
"From the founding of the company over 9 years ago and with significant personal resources invested to date, our mission has been to go slowly but surely", commented Parsi. "However, now that the foundation of the company has been put in place, our primary goal will be to go full throttle and expand our footprint through company and franchised locations, as well as the launching of our licensing and merchandising products throughout the country and the world". Parsi continued, "For this to happen, we are going to need funding which is the case for any company at our stage". "This is also the case for much larger companies like Tesla or any others at the same stage as we are. "The key for us however, will be to get funding that is minimally dilutive, as we have learned our lessons and understand the effects of what bad financing can cause. We will do whatever we have to do to get it done right", Parsi stated.
"One way we can do this, is to leverage our relationships with the 4 largest mall owners in America by getting them to pay for most, if not, all the costs of each of our new locations. The mall owners need what we deliver to them. It's what they seek most; Foot traffic!!! With more and more people shopping online at places like Amazon, there are less and less consumers visiting the malls, and since we bring in thousands of people per month in each of our locations, the malls look to us as a partner. This is one of the reasons the landlords have paid for a significant portion of our existing locations' build out costs and why they are willing to pay even more, if not, all the costs going forward.
Even with this, we're still going to need capital to do some of the other initiatives we have decided to pursue. This would include our kids' clothing line, frozen food line, baby furniture, toys and or any other licensing and merchandising initiatives. We want Giggles N Hugs to be a brand no different than, Disney, synonymous with children's products and services and not just a family restaurant and play space. To this end, we are working with a few investment banks to secure the right funding for all of our growth objectives. We expect news in this regard soon. “Overall, I believe we are finally in a great position to execute on our strategic plans and believe our accomplishments are just getting started for 2017 and beyond,” concluded Parsi.
Financial Results
During the fiscal year ended January 1, 2017, net sales reflected a drop of $428,278, a decline of 12.4%, from the year ended December 27, 2015. Due to the major remodeling of the Century City Westfield Mall, our Century City store closed on June 30, 2016. Of the decrease in sales of $428,278, $555,287 relates to the closure of the Century City location. The increase of $127,009 is due to the same store sales growth at the two current locations. The Topanga and Glendale stores had increased sales of 5.3% and 5.7%, respectively.
For the quarter, Glendale generated a 35% increase in same store sales versus last year to $375k, with 23% cash flow at the unit level. For the year, sales at Glendale were up 5.7% to $1.3 million, with 10% unit-level cash flow.
For the quarter, Topanga generated a 23% increase in same store sales versus last year to $310k, with 2.9% cash flow at the unit level. For the year, sales at Topanga were up 5.3% to $1.1 million, with 0.2% unit-level cash flow.
Total costs and operating expenses of $3,953,942 for the year ended January 1, 2017, reflected a substantial drop from $5,480,307 for the year ended December 27, 2015. The decline of $1,526,365 (28%) was due to multiple factors such as the closing of the Century City store; lower general and administrative costs; lower other operating expenses; and lower depreciation.
Cost of operations decreased by $543,460 (18%), of which $356,772 was attributable to the closing of the Century City store on June 30, 2016. Costs of food and other operating expenses decreased, which was offset slightly by higher labor costs.
Total general and administrative costs decreased by $501,543 (36%). Again, the closing of the Century City store, contributed proportionately ($163,250), to this decline. Additionally, non-employee stock compensation was accountable of much of the remaining difference.
Depreciation and other operating expenses declined by $127,948 (38%), which was mostly
reflected by the closing of the Century City store.
Loss from operation dropped $1,098,087 (54%) for the year ended January 1, 2017 compared to December 27, 2015, due to the various factors previously noted, while net loss declined from $2,068,687 in the year ended December 27, 2015, to $1,386,953, an improvement of $681,732 (33%) due to the factors noted above.
“Giggles N Hugs has established itself as one of the most unique concepts in the industry. With the strength of our talented and experienced management team, our relationships and growth plans with the top four mall owners in the country, active franchising opportunities, engagement with top notch PR firm DomainLA & recent additions of celebrity ambassadors all driven with the passion to share Giggles N Hugs with the world, we are optimistic that 2017 will be a very exciting year.”
About Giggles N’ Hugs
Giggles N' Hugs is the first and only restaurant that brings together high-end, organic food with active, cutting-edge play and entertainment for children. Every Giggles N' Hugs location offers an upscale, family-friendly atmosphere with a dedicated play area that children 10 and younger absolutely love. We feature high-quality menus made from fresh and local foods, nightly entertainment such as magic shows, concerts, puppet shows and face painting, and hugely popular party packages for families that want to do something special.
Forward Looking Statements:
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"). Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Non-CAAP Financial Tables
Unit Level Sales - Annual
2016 2015
Sales Topanga 1,134,000 1,077,000
Sales Glendale 1,305,000 1,235,000
Sales Century City 585,000 1,140,000
Total Sales 3,024,000 3,452,000
Unit Level Cash Flow - Annual
2016 2015
Topanga 2,000 (77,000 )
Glendale 134,000 56,000
Century City 18,000 (3,000 )
Cash Flow 154,000 (24,000 )
Unit Level Sales Flow - Quarterly
4Q16 4Q15
Sales Topanga 310,000 253,000
Sales Glendale 375,000 283,000
Sales Century City - 266,000
Total Sales 685,000 802,000
Unit Level Cash Flow - Quarterly
4Q16 4Q15
Topanga 9,000 (29,000 )
Glendale 87,000 4,000
Century City - (17,000 )
Total Sales 96,000 (42,000 )
Reconciliation to GAAP
154,000
(824,000 ) G&A
(53,000 ) Overhead
99,000 deferred rent amortization
(306,000 ) Depreciation
(930,000 ) Loss from Operations - per 10k Statement of Operations
INVESTORS RELATIONS CONTACT:
Bruce Haase?
RedChip Companies, Inc.?
800.733.2447, ext. 131?
bruce@redchip.com
PUBLIC RELATIONS CONTACT:
Michelle Steinberg
dOMAIN New York
601 West 26th St. Suite #1750
New York, NY 10001
212-675-0012
dOMAIN Los Angeles
7961 W 3rd Street, 2nd Floor
Los Angeles, CA 90048
323-549-0012
Joey Parsi - Founder/CEO
Giggles N Hugs
Joey@gigglesnhugs.com
http://www.gigglesnhugs.com/
Primary Logo
Copyright © 2017 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
$GIGL$ 10K WAS GOOD. Looking forward to the years to come
Expansion
Our intent is to expand and open new stores either through the Company-owned approach, using the franchise model, or both, but such expansion will be limited to our ability to raise capital to meet this need.
Furthermore, Giggles N Hugs intends to introduce a new line of frozen foods, specifically designed for children, and organic baby foods, both of which we hope will be available at grocery stores. We are in discussions to license our brand for merchandising, publishing, children’s apparel, entertainment, and more. With sufficient financing, Giggles N Hugs plans to expand to other parts of the country in the future.
Company-owned stores . We estimate that we would have to expend $700,000 - $900,000 (net of any – landlord-tenant improvement allowances) to construct, staff, and open each new restaurant, excluding rent. Our build- out cost of new restaurants will vary depending on a number of factors, including the size of the location, whether we are converting an existing restaurant space as we did with our Brentwood location, or moving into a “build to suit” location constructed from a building shell, typically with a monetary contribution (also typically referred to as a tenant improvement allowance) from the landlord. While the latter development model generally involves greater costs (depending on the level of landlord contribution) and time to open (because the permitting process is typically significantly longer), we believe that positioning our restaurants in popular, “marquee” locations (which typically operate on the “build to suit” model) will greatly increase public awareness and recognition of the Giggles brand, which we believe is critical to our continued growth.
Giggles N Hugs was rated among the best family and kid-friendly restaurants by City Search, a division of Interactive Corp., which is a website where restaurant goers can blog about their experiences and rate restaurants on a scale of one to five, and by Nickelodeon, a division of Viacom. We have been featured in numerous television news programs and publications, including The Talk on CBS, KTLA morning news, KABC, TV Guide Channel, FOX Business channel, Fox Channel 11, Extra TV, Access Hollywood, Entertainment Tonight, Businessweek, People Magazine, The Los Angeles Times, Los Angeles Family, West-Side Today, US Magazine, OK Magazine, In Touch magazine, Life and Style Magazine, Wall street Journal, and the LA Business Journal to name a few. Our concept has appealed to numerous celebrities. Many high-profile actors and entertainers have enjoyed the Giggles N Hugs experience.
Expansion
Our intent is to expand and open new stores either through the Company-owned approach, using the franchise model, or both, but such expansion will be limited to our ability to raise capital to meet this need.
Furthermore, Giggles N Hugs intends to introduce a new line of frozen foods, specifically designed for children, and organic baby foods, both of which we hope will be available at grocery stores. We are in discussions to license our brand for merchandising, publishing, children’s apparel, entertainment, and more. With sufficient financing, Giggles N Hugs plans to expand to other parts of the country in the future.
Company-owned stores . We estimate that we would have to expend $700,000 - $900,000 (net of any – landlord-tenant improvement allowances) to construct, staff, and open each new restaurant, excluding rent. Our build- out cost of new restaurants will vary depending on a number of factors, including the size of the location, whether we are converting an existing restaurant space as we did with our Brentwood location, or moving into a “build to suit” location constructed from a building shell, typically with a monetary contribution (also typically referred to as a tenant improvement allowance) from the landlord. While the latter development model generally involves greater costs (depending on the level of landlord contribution) and time to open (because the permitting process is typically significantly longer), we believe that positioning our restaurants in popular, “marquee” locations (which typically operate on the “build to suit” model) will greatly increase public awareness and recognition of the Giggles brand, which we believe is critical to our continued growth.
Great day today. Let's go gigl. Know what you own. Thank you for the cheap shares the last couple of days. Rare play in the otc. Gigl will be a big board stock down the road
What's your thought here oc
Total agree. Looks like float is getting locked up very nicely here. I'm. Looking for a major move northward as well . All the DD will provide that. Looking good. I would love to see them up list to otc QB as well
I usually do my DD and follow my gut normally Im right but we will see. I only follow the one up above. That is where all my guidance comes from. One thing ive learned here in penny land is the inpatient gets out quick to have to chase back at higher prices. But of course all we can do is go off of the DD from the company and hope management follows through. Also nobody is perfect :)
Slow and steady upward would be nice but I would like to see .047. Lets see what happens here. We need strong investor here that know what they own and lock up shares. With low Share count we could fly on good earning or news. if they can make 35 million a year watch out in my opinion.
Nobody know where this is going including analysis. But on the DD I have done this is a good reward vs risk play here at these levels. We will see what happens. If in deed they did get the 35 million dollar acquisition then .25 to .30 isn't out of the question
Great last to days. Thank you for letting me add more shares. Would love to get to the million mark. I've learned to be patient. This is a long term investment for me. I've done a lot of DD. Plus we have a strong management team. I will be full of joy in a year or so . Will be holding my shares to dollars or possibly multi dollars
Started a position today. Research looks good. Hoping they upload to otcqb