Grillit Inc (GRLT)

[wholelotamoney]

$GRLT - News for 'GRLT' - (GRILLiT® Postpones Record Date for Common Stock Dividend)


MIAMI, August 6, 2013 /PRNewswire via COMTEX/ -- GRILLiT, Inc. (OTC: GRLT) (the
"Company") today announced that it is postponing the record date for its
previously announced common stock dividend. Instead of July 15, 2013, the record
date for the stock dividend will be August 7, 2013.

All shareholders of the Company owning common shares on the record date of
August 7, 2013 shall receive four (4) shares of the Company's. common stock for
every share held by such shareholder. For example, if a shareholder owns 10,000
shares of the Company's common stock at the close of business on August 7, 2013,
that shareholder shall receive 40,000 additional shares of the Company's common
stock, giving that shareholder a total of 50,000 shares.

The dividended common shares will be "restricted" as defined in the Securities
Act of 1933. Rule 144 allows for the public resale of restricted securities only
if certain holding period and other conditions are satisfied. The start date for
the holding period for the dividended shares shall be the record date of August
7, 2013.

Per FINRA requirements for market transparency, the Company is required to
provide notice to and receive acceptance from FINRA prior to the actual
distribution of the dividend. Pending any unforeseen delays from FINRA, the
Company plans to have the aforementioned stock dividend paid and distributed
within three to four weeks. The payment of the dividend will not require an
increase in the total number of authorized shares of common stock nor is there a
need for an exchange of certificates. The Company has complied with all FINRA
requests for supporting documentation.

About GRILLiT

GRILLiT (GRLT) is a growing Latin-Caribbean fusion restaurant concept that
marries fast casual to nutritious and healthy food. The company opened its first
location in Miami in 2011 and specializes in chef-inspired custom crafted rice
bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and
delivers healthy cuisine using only fresh proteins, such as never-frozen chicken
and Angus beef. Restaurants offer an inviting and comfortable atmosphere with an
open kitchen and contemporary, industrial design. GRILLiT currently has two
locations and expects to have at least 21 corporate and 58 franchised locations
open and operating within the next five years. The company is targeting Florida,
North Carolina, New Jersey, Pennsylvania, New Hampshire, Ohio, Kentucky,
Tennessee and Georgia for new growth. For more information, visit
http://www.grillitinc.com.

Forward Looking Statements:

Statements in this press release that are not purely historical facts, including
statements regarding GRILLiT's beliefs, expectations, intentions or strategies
for the future, may be "forward-looking statements" under the Private Securities
Litigation Reform Act of 1996. Such statements consist of any statement other
than a recitation of historical fact and can be identified by the use of
forward-looking terminology such as "plan", "may", "expect", "anticipate",
"intend", "estimate" or "continue" or the negative thereof or other variations
thereof or comparable terminology. The reader is cautioned that all
forward-looking statements are speculative, and there are certain risks and
uncertainties that could cause actual events or results to differ from those
referred to in such forward-looking statements. This disclosure highlights some
of the important risks regarding our business. Additionally, there are number of
other risk factors relating to our business more fully explained identified by
us in our filings with the OTC Markets, which are available through
http://www.otcmarkets.com.

CONTACT: Robert L. Tucker Director of Corporate Development
[e-mail] Tel: [phone] Facebook:
https://www.facebook.com/FreshGRILLiT Twitter: @freshgrillit

SOURCE GRILLiT, Inc.


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