Gourmet Provisions Intl Corp (GMPR)

[meidiot]

Pittsburgh, PA, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Gourmet Provisions International Corporation (OTC Pink: GMPR) today announced they have secured $4,000,000+ in commitments from four separate groups to finalize the previously announced acquisition of 4 existing Black Rock Bar & Grill’s, a new location in Southfield Michigan and the master franchise rights for Georgia & Western Pennsylvania. The general terms of the investment agreements are a small discount to market that will be executed upon the uplisting to NASDAQ. In addition to the acquisition some of the funds will be utilized towards building Gourmet Provisions International existing wholly owned subsidiaries and the acquisition of other brands.James Vowler President & CEO of Gourmet Provisions International Corp. stated, “Finalizing the Black Rock deal is a huge accomplishment for GMPR and it adds tremendous value for our shareholders. We will be adding $25 million+ in annual revenues to our audited financial statement this year and will grow the revenues to $40 million plus by the end of 2022. To make sure the terms of the agreements would be acceptable to not only our four investment groups but also to our pre determined NASDAQ banker, we had the agreement vetted by the investment banker that GMPR will be using for our uplist to NASADAQ to assure that there would not be any conflict.