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Tuesday, July 30, 2013 7:12:10 PM
Republic of Texas Brands has made arrangements with a publically traded asset based lender to enter into a Letter of Intent to acquire the highly valuable barbecue restaurant chain's real estate from its current owner and lease it back to Republic of Texas Brands. The publically traded asset based lender and the barbecue restaurant chain have started negotiations on a Purchase Agreement. The Company has identified other sources for the necessary funds to complete the acquisition. The Company has no commitment for the balance of the financing and there can be no assurance that it can obtain such financing.
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