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Agreed! Seems like they are bulking up the business and sooner or later, they will get traction. Hopefully they will do what they said on their investor presentation on the website from earlier this year and get listed. That would be a game changer.
Today's news got us some good attention!
ARC Group Announces Letter Of Intent To Acquire Two Dick's Wings Restaurants
BY PR Newswire
— 8:30 AM ET 10/24/2016
LAFAYETTE, La., Oct. 24, 2016 /PRNewswire/ -- ARC Group, Inc. , the owner, operator and franchisor of the award-winning Dick's Wings & Grill® concept, today announced that it has entered into a non-binding letter of intent to acquire two of its Dick's Wings® restaurants from DWG Acquisitions, a franchisee of the company.
Should the acquisition be completed, ARC Group would acquire the Dick's Wings located at 6055 Youngerman Circle in Argyle Village in Jacksonville, Fla., and the Dick's Wings located at 100 Marketside Avenue in the Nocatee development in Ponte Vedra, Fla. – two of the highest-grossing and most profitable restaurants in the franchise. The purchase price is expected to consist of a payment of $250,000 per restaurant at closing, along with a future payment to be made based on a multiple of each restaurant's future EBITDA. The Company is expected to pay for the restaurants through a combination of debt forgiveness, cash and stock. The acquisition is expected to close before the end of the year.
The Dick's Wings located in Jacksonville, Fla. was ARC Group's first free-standing restaurant and is its largest restaurant, with approximately 6,700 square feet of space. It seats more than 200 guests and employs 40 team members from the local area.
The Dick's Wings restaurant located in Ponta Vedra, Fla., which first opened in April 2013, quickly became one of the Company's highest-grossing restaurants. It is located in world-renowned Ponta Vedra, just a few minutes away from St. Augustine, Jacksonville, and Ponte Vedra Beach, the home of the PGA.
"We are very excited to make these two locations our first company-owned restaurants," stated Richard W. Akam, Chief Executive Officer of ARC Group, Inc. ( ARCK
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) "Our Ponte Vedra location is a beautiful, state-of-the-art facility that has been one of our biggest revenue producers since it first opened its doors to the public in 2013. Our Argyle Village restaurant is located in a high-traffic area that includes six hotels, numerous shops, and close proximity to the Orange Park Mall. Collectively, these restaurants generate more than $3 million in revenue each year, and each restaurant is very profitable."
"To date, we have been exclusively a franchisor of Dick's Wings restaurants," continued Akam. "This approach served us well, as it enabled us to expand quickly without the need to bring large amounts of capital to the table. With 24 Dick's Wings franchised restaurants in our portfolio and more on the way, we are evaluating opportunities to own select Dick's Wings restaurants that have solid revenue and profits. We believe that a healthy mix of company-owned and franchised restaurants will provide us with more flexibility and financial stability as we continue to grow our brand."
Dick's Wings restaurants are family fun fooderys® where both families and sports fans can go to enjoy a unique restaurant experience from first bite to last call®. Dick's Wings offers a variety of boldly-flavored menu items highlighted by its award-winning, Buffalo, New York-style chicken wings and hog wings and its Dick's Blingz® boneless chicken wings, for which it boasts 365 mouth-watering flavors. It also offers customers a variety of fresh sandwiches, burgers, wraps, salads and signature waffle fries. Guests enjoy these menu items in an elevated sports-themed environment that includes flat screen TVs located throughout each restaurant and children's areas filled with video games and other forms of children's entertainment.
Dick's Wings is actively offering franchise opportunities in the Orlando, Tampa, Gainesville and Mobile/Pensacola metropolitan areas. For more information about Dick's Wings exciting menu offering and locations, and for additional franchising information, please visit www.dickswingsandgrill.com.
About ARC Group, Inc.
ARC Group, Inc. ( ARCK
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), headquartered in Lafayette, Louisiana, is the owner, operator and franchisor of the Dick's Wings & Grill concept and the co-owner of the owner, operator and franchisor of the Wing Nutz® concept. Now in its 22nd year of operation, Dick's Wings prides itself on its award-winning chicken wings and hog wings spun in its signature sauces and seasonings. Wing Nutz offers a large selection of premium baked chicken wings and other baked products. Wing Nutz also offers its own proprietary line of craft beers under the name "Nut Job Beers". Dick's Wings has 18 restaurants in Florida and six restaurants in Georgia. It also has two concession stands at EverBank Field, home of the NFL's Jacksonville Jaguars. Wing Nutz has nine restaurants in Utah, two restaurants in Texas, one restaurant in Nevada and one restaurant in Idaho.
Safe Harbor Provision
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the Company's future financial position, business strategy, plans and objectives, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arc-group-announces-letter-of-intent-to-acquire-two-dicks-wings-restaurants-300349386.html
No worries here. Maybe a little longer fuse on this dynamite, but I think it will be a great investment.
Good luck with SORL. I'll just cash my divy checks and put my feet up. Take care.
I agree :). Get paid well to wait - while we have a small company that could be bought out or grow much quicker than their peers. I have a good size block that I'm happy to sit on for as long as it takes.
I agree. I've made lots of money on overlooked stocks, this one seems like a no-brainer for those willing to wait some time. Those that see this first will make the most, just as I see it.
Good luck! I agree.
Very overlooked IMHO. This is one of those stocks that if it has a halfway good catalyst, it will be off to the races. Only problem is that we don't know exactly when that will be, but if/when it happens, it will be very difficult to catch (at least that is where my unprofessional opinion leads me).
Right company, right industry, right time. It just needs more exposure to get to the right stock price.
I'm in and still buying a hundred here and there with my pocket change (maybe more depending on cash and price). Patience is what will pay off.
I was thinking the same thing, the hurricane probably will deliver many loads of flooded waste right about where they are. Hopefully people will recover quickly.
Well the stock chart looks like a wet burrito that's for sure, hope that changes. Has it hit the floor or is something going to fall out that shines like gold?? Just keep that salt shaker in the kitchen where it belongs.
Thanks! I see big things in the future. Traders need not apply, real investors welcome.
Me too! It's funny how many shares of stock you can buy very cheaply at a low price, but once the stock moves, shares become very scarce. Just a little bit of notice from a few investors could change things quickly.
I agree. Shareholders only need to look at other companies that are in the same industry and see the growth in both their revenues and stock prices. They have more units coming on line, and I think we'll see some significant upsides.
There isn't much stock in the float, and the whole market cap is less than $10MM, so there is a ton of upside I think. I'm looking to buy more, but I'm excited to be in. I think anyone looking to take quick profits may miss an elephant size move in the future, if things go the way I see it.
I would think they would be getting business from all the rain and flooding that seems to haunt FL. I wouldn't think the new CFO would be associated with this company if he didn't see potential. If they get some exposure and their revenues continue an upward swing, I think this will be a great price. Of course, anything can happen, and a 13 cent stock is risky.
Nice volume today. I'm in for a bit, baby trades :)
Pick up truck run over. Well, I guess if it were, the mine operator probably would get more from the insurance company than whatever was mined that day.
Seems like it is a very depressed stock right now. Company could always be a consolidator or be consolidated itself.
Quiet here.
Anyone still looking at this. Seems like there is a lot of potential here, is there something that the market is missing, or that I am?
Found this the other day. Looks over looked, and a good value for a growth stock. Like everything, seems like I'm a day late and about a dollar short.
Heat crushed loyal stockholders with their last offering well below the market. They haven't gotten my trust back yet.
Even turds can float after a while. Of course, it doesn't hurt if your plumber is a paid promoter.
I fear that your 15 year old will make more money mowing a lawn than you will ever get from those pink colored worthless shares. I just don't understand, and what you are saying is turning my mind into a pretzel. Good luck to you nonetheless.
PFHO is down, but not out. Lots of its competitors seem to be doing pretty well, so I'm not sure how long before the lost business gets through the snake.
If they turn it around, it could be a very compelling buy. And those that haven't sold haven't realized a loss, or gain yet. I'm going to be looking at the next few Qs before reaching any decision.
And no, the company doesn't market itself, but it doesn't need paid promoters either, so I like that.
Between OTTR and RGCO, it's been great, and there is always the possibility of takeovers. Guess being alone and making new highs is a great thing!
Are you saying if you can't dazzle them with brilliance, baffle them with BS?
Right now PYHH had a stock split. 8 for 1, only you don't get any new shares. $1 to $0.13. Interesting stock.
I can't believe that anyone would be marketing drugs or stocks with the intention of getting some sort of high! Noooo, Nahhhhh, never!
Though a stock with only $210 of land on the balance sheet and about $3100 in net property and equipment seems like it got someone high with a market cap of how many millions seems like someone has a pretty good elixir.
Property and equipment, at cost:
Land $210
Property and equipment $2,873
Less: accumulated depreciation -
Net property and equipment $3,083
Well, if you go by your prediction, they performed those services for nothing, LOL
In case anyone missed it, there is also an amended filing on PYHH on 6/30/16. Bottom has shareholder names etc.
http://www.otcmarkets.com/financialReportViewer?symbol=PYHH&id=157037
Not sure why they would do that either. Scams usually bring out a salt shaker, think that's next?
Nice volume again. What is going on? Enjoying the ride!!
Thanks for that info. I've never heard of that type technology before, so I was interested in what evidence anyone had that it could work, or who represented that they had used it previously.
Google search the address for GEO SCAN Inc., looks like it goes to a residential house? The website doesn't seem to work. At least they filed an annual report with Florida:
http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p04000087470-811c35dc-5c04-4c16-83b2-9df6e2f4b2ac&transactionId=p04000087470-d7436403-1815-42ed-a1fe-2d8d4f4fa24f&formatType=PDF
Big volume tick up Friday. Wondered when someone would discover us.
Waiting for a few die-hards to come up with a good PR, a 3:59 paint job, and a raft of spam emails.
Gotta shake your head. Why do you need a scan of a postage stamp piece of claim anyway? Maybe I'm missing something other than the gold?
If he is wrong, you'll know whose bid is at $1.25, that would be a great price.