Prime Restaurants, Inc. Has Entered Into Negotiations to Acquire a Well-Established Restaurant Developer and Supplier of Restaurant Equipment in the Tri-State Area
"The company has elected not to name the targeted acquisition at this time at the request of the seller. The only reason that the company is announcing this acquisition is that it could have a major impact on Prime Restaurants' operations and share price," said Cris Galo, President & CEO.
Mr. Galo added, "We are very excited about this acquisition and have no doubt it will happen. This acquisition will not only bring major cash flow to the company but it will allow us to tap the resources that the company does not currently have, e.g., acquisition connections, new location development and other resources. We will lock this up within the next week."