This is tremendous news. This is not the LOI I expected. I was always concerned about chicken wing competition in the market.
ATLANTA, GA -- (Marketwired) -- 04/24/13 -- Energy Edge Technologies Corporation (OTCQB: EEDG) subsidiary The Gourmet Wing Company Inc. announced today that its management division, Gourmet Wings Management Co. (GWMC), has signed a Letter of Intent with Red Restaurant Ventures (RRV) to exclusively manage RRV's Big Chow Grill, an existing profitable restaurant located in Atlanta, Georgia, with annual revenues in excess of $2.4 million. The Letter also calls for the development of a Master Franchising Agreement that gives GWMC the exclusive right to franchise the concept through Area Developers and individual entrepreneurs who want to bring the Big Chow Grill concept to diners across the United States and internationally.
Big Chow Grill gives us something that will make us UNIQUE and already having a great location operating puts us ahead in the franchising game. $2.4 Million dollars. Yikes
