Fast Casual Concepts, Inc. Announces Acquisition of CK Distribution
Fast Casual Concepts (OTC: FCCI) has announced the acquisition of 100% of CK Distribution, a wholesale and retail distributor of nonalcoholic mixers in Florida. This acquisition marks FCCI's first step towards a new business direction. Prior to the acquisition, the company completed a 1:4 reverse stock split, resulting in 26,112,754 total common shares outstanding. Management views this acquisition as positioning the company for future growth and opportunity in what they describe as a lucrative market.
Fast Casual Concepts (OTC: FCCI) ha annunciato l'acquisizione del 100% di CK Distribution, un distributore all'ingrosso e al dettaglio di mixer analcolici in Florida. Questa acquisizione segna il primo passo di FCCI verso una nuova direzione aziendale. Prima dell'acquisizione, la società ha completato un split azionario inverso 1:4, risultando in 26.112.754 azioni ordinarie totali in circolazione. La direzione considera questa acquisizione come un modo per posizionare l'azienda per la crescita futura e opportunità in quello che definiscono un mercato redditizio.
Fast Casual Concepts (OTC: FCCI) ha anunciado la adquisición del 100% de CK Distribution, un distribuidor mayorista y minorista de mezcladores no alcohólicos en Florida. Esta adquisición marca el primer paso de FCCI hacia una nueva dirección empresarial. Antes de la adquisición, la empresa completó un split de acciones inverso 1:4, resultando en 26,112,754 acciones comunes totales en circulación. La dirección considera esta adquisición como una forma de posicionar la empresa para el crecimiento futuro y oportunidades en lo que describen como un mercado lucrativo.
패스트 캐주얼 컨셉 (OTC: FCCI)는 플로리다에서 비알콜 믹서를 도매 및 소매 유통하는 CK Distribution의 100% 인수 소식을 발표했습니다. 이번 인수는 FCCI가 새로운 비즈니스 방향으로 나아가는 첫걸음을 의미합니다. 인수 전, 회사는 1:4 역분할을 완료하여 26,112,754 주식이 남아있게 되었습니다. 경영진은 이번 인수를 향후 성장과 기회를 위한 회사의 위치를 더욱 유리하게 만든다고 보고 있으며, 이 시장을 수익성 있는 시장으로 묘사하고 있습니다.
Fast Casual Concepts (OTC: FCCI) a annoncé l'acquisition de 100 % de CK Distribution, un distributeur en gros et au détail de mélanges non alcoolisés en Floride. Cette acquisition marque la première étape de FCCI vers une nouvelle orientation commerciale. Avant l'acquisition, l'entreprise a réalisé un scission d'actions inversée 1:4, ce qui a abouti à 26.112.754 actions ordinaires en circulation. La direction considère cette acquisition comme un placement pour la croissance future et les opportunités sur ce qu'ils décrivent comme un marché lucratif.
Fast Casual Concepts (OTC: FCCI) hat die Übernahme von 100 % der CK Distribution bekannt gegeben, einem Groß- und Einzelhändler für alkoholfreie Mischgetränke in Florida. Diese Übernahme markiert den ersten Schritt von FCCI in eine neue Geschäftsrichtung. Vor der Übernahme hat das Unternehmen einen 1:4 Reverse-Split abgeschlossen, was zu 26.112.754 insgesamt ausgegebenen Aktien führte. Das Management sieht diese Übernahme als Positionierung des Unternehmens für zukünftiges Wachstum und Chancen in einem, wie sie es beschreiben, lukrativen Markt.
- Strategic acquisition of CK Distribution provides entry into Florida's nonalcoholic mixer distribution market
- Company completed corporate restructuring with 1:4 reverse stock split, potentially improving share price visibility
- Reverse stock split indicates potential share price concerns
- Significant business direction change may pose integration and execution risks
GROVE CITY, Pa., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Fast Casual Concepts, Inc. (OTC: FCCI) (“Company”) announces it is acquiring
CK Distribution is a wholesale and retail distributor of nonalcoholic mixers throughout the State of Florida. The acquisition is the first step towards a new business direction of Fast Casual Concepts, Inc. Prior to this acquisition, the Company underwent a 1 for 4 reverse stock split and the total remaining common shares outstanding are 26,112,754. Management intends to provide the shareholders with the best opportunities possible and the board of directors believes that this acquisition will position the Company well for future growth and opportunity.
George Athanasiadis, CEO of Fast Casual Concepts, Inc. stated, “This acquisition is an exciting new opportunity, and I believe we have an opportunity for rapid growth in a very lucrative market.”
About CK Distribution:
CK Distribution sells nonalcoholic mixers through wholesale and retail channels. Some of CK Distributions’ products can be found at www.7sinsmixes.com.
Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate,” or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risk, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with OTC Markets. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contact:
Office Administrator
+1 727-692-3348
info@fastcasualconceptsinc.com
fastcasualconceptsinc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/02bf8f3e-0b1a-4d39-8d56-2412ac31e9de
FAQ
What company did Fast Casual Concepts (FCCI) acquire in November 2024?
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