Giggles N'''''''' Hugs Inc. (fka GIGL)

[DeltaWarrior]

I don't see us as needing cash. If we needed cash, we wouldn't have had any at the EOY(plenty of examples of OTC with ZERO or very lttle cash on hand). My thing is I really don't think investors know how to understand filings/balance sheets/ etc etc. We aren't in a cash strapped position by any means. We have plenty of shares available if the company wanted to dilute us to hell and raise funds, but that is not the case and has never been.

Ionic got away with their BS and the company learned its lesson. It was the FIRST time the company ever experienced such convertibles and it took responsibility by acknowledging what happened and assuring its shareholders it wouldn't happen again. Would I believe that from a typical OTC company? Hell no man. My thing is and has always been the management team here. I would conduct business with EVERY single member of our management team on any planet, at any time. <--- That is just how I feel about it and I am not trying to pump shit. Just love our management team as they have SUCCESS dripping off ALL of them. Their resumes are LOUD (thats a good thing ).

Looking at the individuals below, can anyone find me a blemish? Anything at all? Other than damn, this company has put the perfect team together for a restaurant focused on both parents and kids.

$GIGL Management && Licensing Partner


Growth and recognition of this caliber are driven by a very powerful management team with the experience and know-how to continue the company's powerful momentum.

Joey Parsi, Founder, President, & 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 in 2008.


John Kaufman, President

John Kaufman was the COO at California Pizza Kitchen when the founders had just two locations and grew the company along with Philip Gay as CFO to over 100 locations. Pepsi Co. bought the pizza chain at this point, and Kaufman was recruited to become president of Koo Koo Roo Chicken, one of the fastest growing fast casual concepts on the west coast.


Philip Gay, CFO

Philip Gay was previously the CEO at the Daily Grill restaurant group, a publicly traded Restaurant concept with 50 locations throughout the country. Prior to that, Gay was CFO at California Pizza Kitchen, growing the concept along with John Kaufman as COO from two stores when he started to over 100 when he left after the company was sold to Pepsi Co. He joined Wolfgang Puck Restaurants group as CFO eventually becoming the CEO.


Sean Richards, COO

Sean Richards joined Giggles in 2010, bringing with him more than 20 years of operations management experience. He previously managed and ran operations for Pink Taco restaurants, Hard Rock, House of Blues and Hooters casino among other national brands.


Joan Barnes, Advisory Board Member

Joan Barnes is the founder and former CEO of Gymboree, which is the largest clothing retailer in the nation for kids. She has been instrumental in helping us with Giggles' merchandising and licensing which she in essence pioneered some 30 years ago when she licensed the Gymboree brand. With Barnes' help, Giggles is rolling out a variety of products for kids including, branded clothing, branded toys, frozen foods, and other merchandising products.

Barnes comes to Giggles N' Hugs as the founder and former CEO of Gymboree, an operator of nearly 630 specialty retail stores of children's apparel and over 600 play and music centers worldwide. In 1993, the company experienced one of the most successful IPOs of its kind and was one of the first consumer companies to attract venture capital, eventually selling for nearly 20x the initial investment or $1.8 billion ."Joan is a tremendous entrepreneur who has a proven track record of building companies from the ground up," said Joey Parsi , Giggles N' Hugs founder, president and CEO. "Her experience should prove invaluable not only as we expand our unique concept across the country, but also as we develop and grow our branded products, areas in which she has demonstrated consistent excellence. We are delighted to have her join our advisory board."

Barnes commented: "I can relate to Joey and his team because -- like when I started Gymboree -- they are filling a much needed void for millions of families with children. By delivering quality food and a state-of-the-art play area, the restaurant creates an environment that resonates uniquely with both parents and kids. I look forward to working closely with the management team and Board during the next phase of Giggles N' Hugs' growth."

Subsequent to starting Gymboree, Barnes was the principle owner of YOGASTUDIO, one of the first studios to feature different styles of yoga and eco-conscious yoga vacations, clothing and lifestyle brands. The company was acquired in late 2008 by Yoga Works, a venture-backed chain of over 25 Yoga Studios operating in Los Angeles , Orange County, New York and San Francisco .


Todd Star, head of real estate expansion

Todd Star was senior executive VP for Westfield USA, overseeing its west coast leasing operations for 14 years. He is a strong asset to Giggles as he leads expansion negotiations with several of the largest mall owners in the U.S., including General Growth Properties, Simon Property Group, and Westfield Group, who collectively own more than 500 properties worldwide.

Michelle Steinberg, Public Relations

As one of the top PR professionals and a highly sought-after marketing executive and influencer, 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, among many others where she was responsible for all PR and marketing strategies. She also introduced these brands to some of the biggest A list talent in Hollywood, many of whome becoming investors in the concepts.

Cindy Davis, of Davis Branding, is partnering with The Licensing Shop team to develop and support the brand merchandising strategy for Los Angeles based children's themed restaurant, Giggles N' Hugs. Prior to that, Cindy headed up the U.S. office for global licensing agency, Copyrights Promotions Licensing Group (CPLG) where she was responsible for representation acquisitions as well as the creation of sales strategies for represented properties. Cindy's branding and licensing career spans 20+ years working on a range of properties & brands from Mickey Mouse, the Power Rangers and Strawberry Shortcake to Coke and McDonalds at companies such as The Coca-Cola Company, Enesco, Saban, and DIC Entertainment. Cindy has a BFA in Journalism from the University of Memphis.

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