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GRILLiT Inc. Appoints New CEO
Company Officers/Directors Change Announcement | 12/20/2022
GRILLIT ANNOUNCES APPOINTMENT OF NEW CEO
December 20, 2022
North Andover, MA: GRILLiT Inc. ("GRILLiT" or the Company, OTC:GRLT) has appointed Manny A. Lopez, Founder and CEO of Global A Brands, as Chief Executive Officer and Director. Greg Mitchell has relinquished the CEO role and will remain on the Board of Directors as Chairman.
According to management, GRILLiT is currently undergoing the FINRA process required to be recognized as a fully reporting company. It is expected the process can be completed early in Q1 2023.
"We appreciate the patience of our collective shareholders at Global A Brands and GRILLit as we navigate the regulatory process" stated Manny A. Lopez. He further commented "As we initiated the merger process, we discovered GRILLiT had a number of delinquent filings dating as far back as 2012. We needed to be sure that we could complete the process and we now have confidence that we have the necessary items to satisfy all of the regulatory requirements."
"I have outlined a very specific strategy with our team moving forward. Once this process is behind us, I look forward to executing very quickly on our plan and building a lasting business for our shareholders" said Manny A. Lopez.
About Global A Brands, Inc.
Global A Brands is a US Based company focusing on acquiring and developing companies within the health and wellness supply chain as well as health and wellness brands with appealing margins and market potential that benefit from shared infrastructure. Global A Brands Website
About GRILLiT, Inc.
GRILLiT creates, develops, and funds early-stage restaurant brands with a focus on acquiring businesses from baby boomers seeking liquidity and an exit strategy. GRILLiT's vision is to be the preferred catalyst to build great restaurant brands and develop technologies supporting the restaurant industry.
Press Release Disclaimer
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," and "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners, and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
