NEWBIES BOARD

[Jspila]

GIGL .0244 UP +23.23% Friday

GIGL Big day friday and this week will be even bigger.

All newbies should check this company out. It is one of the best real companies on the OTC. No crazy share structure - No crazy convertible notes on the book. Real locations, real products, real coverage in the media.

All convertible notes should be off their books now.

103 Million shares Outstanding – 30 million restricted

Company just signed LOI giving them 1.4 Million to build out their next location plus a discount on their monthly rent.

Big News: Giggles N’ Hugs signs LOI with $1.4 Million of tenant allowances which covers the cost for the first Northern California Location
GLOBENEWSWIRE 9:00 AM ET 1/26/2017
Symbol Last Price Change
GIGL 0.023down 0 (0%)
QUOTES AS OF 03:58:33 PM ET 01/25/2017
Los Angeles, Jan. 26, 2017 (GLOBE NEWSWIRE) --


Giggles N’ Hugs, Inc., owner and operator of family-friendly restaurants that bring together high-end, organic food with active, cutting-edge play and entertainment for children, signed a non-binding Letter of Intent (LOI) with QIC, a $78 billion alternative investment fund, to open the next Giggles N’ Hugs location at The Shops at Tanforan (Tanforan) mall in San Bruno, California.


Per the terms of the LOI, QIC, which owns The Shops at Tanforan mall among the many others around the world, will provide the Company up to $1.4 million in tenant allowances, covering the entire build-out cost of the new location. Extremely favorable rent terms, with significant discount to current market rates, were also negotiated.


“The proven success of our locations in Southern California and the significant foot traffic that we bring in to the malls were a major influencing factor behind the attractive deal terms in the LOI,” commented Joey Parsi, founder and CEO of Giggles N’ Hugs. With more and more consumers shopping online, the malls are looking for ways and concepts like ours that deliver foot traffic. “We’re excited to begin moving forward on our expansion plans, and we couldn’t be more pleased with the location of our first Giggles N’ Hugs in the San Francisco market. “we hope and expect that these incredible deal terms will be the norm for us going forward” Parsi continued.

Incredible Management Team:

Joey Parsi, CEO

Sean Richards, COO (20 yrs experience in Operations w/ Pink Taco Restaurants, Hard Rock, House of Blues, and Hooters Casino)

John Kaufman, President (Former COO @ California Pizza Kitchen)

Philip Gay, CFO, Chief Business Development Officer (Former CFO @ California Pizza Kitchen)

Joan Barnes, Advisory Board (Founder and Former CEO of Gymboree)

Todd Star, Head of Real Estate Expansion (Former Senior VP for Westfield USA, Overseeing West Coast Leasing Operations)


This leadership team from California Pizza Kitchen grew that company from 2 locations to over 100 before it was bought out for $18.50 a share. This has just as much potential.

2 locations both creating revenue – Great Yelp reviews

Organic / Gluten Free Menu - driving what people want now days

Creating Branded in-store and retail outlet merchandising via licensing and merchandising model to follow along in the California Pizza Kitchen path. Buy organic / gluten free branded foods in grocery stores. Buy branded toys and merch in retail.

Revenue through Sept 25, 2016 – 2.3 million in sales
Current Market Cap is lower than Full Year Sales

Do your DD – This is the best company on the OTC.