Greenfield Farms Food, Inc. (OTCBB: GRAS) FULL REPORT
Carmela’s Pizzeria presently has four Dayton, Ohio area locations offering authentic New York style pizza. Carmela’s offers a full service menu for Dine In, Carry out and Delivery as well as pizza buffets in select stores.
The company has formed a wholly-owned subsidiary, Restaurant Management Ventures (RMS), to be headed by Ron Heineman, the Chief Executive Officer of the Company. The primary focus will be the identification of businesses that are complementary to the core Carmelas Pizzeria operations and its planned future franchisees and will consider all vertices related to the restaurant industry.
Once prospective businesses are identified, the Company plans to acquire and/or develop those other food franchising ventures that it believes will be complementary to its current operations. This approach will create co-branding opportunities to future franchisees providing added value to their businesses. In addition, the new entity will be seeking other core food businesses that could cash flow and grow on a stand-alone basis apart from Carmelas Pizzeria.
“We are excited about the formation of this vehicle that will bring the respective talents and experience of our management team to bear,” said Ron Heineman, Greenfield President and Chief Executive Officer. “With over 60 years of combined business and restaurant operations experience we believe RMS and its management will be uniquely positioned to build on our current core business.”
In other news, the company responds to shareholder inquiries regarding SEC civil litigation of third party defendants in which the Company is mentioned. It is important to note neither the Company nor any of its officers or directors are plaintiffs in this lawsuit; and all activities for which the Company is mentioned occurred in 2011 prior to current management taking control of the Company. Neither the Company nor its management team know the plaintiffs or have any knowledge or information regarding the allegations contained therein. Accordingly, neither the Company nor its management can provide any further information regarding this lawsuit in which they are not parties.
AI
