Fast Casual Concepts, Inc. Explodes into the Food Truck Universe!

Rhea-AI Summary

Fast Casual Concepts, Inc. (OTCPINK: FCCI) announced the launch of a new food truck program aimed at capitalizing on the growing $1.2 billion US food truck industry. The company plans to open 15 food trucks within the next year, anticipating a revenue increase of 80% or more. As part of its expansion, FCCI has successfully opened five restaurants since 2019 and is also focusing on franchising its food truck business. COO Tim Seivers emphasized that this initiative allows for lower financial entry points and aims to enhance brand recognition while delivering quality food.

Positive

• Launch of food truck program targeting $1.2 billion industry.
• Plans to open 15 food trucks in the next year.
• Expected revenue increase of 80% or more.
• Successful opening of five restaurants since 2019.
• Expansion into franchising for food trucks.

Negative

• None.

GROVE CITY, Pa., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Fast Casual Concepts, Inc. (OTCPINK: FCCI) is ready to unveil its next step in the food industry by announcing its new and exciting food truck program. Food Trucks are the hottest trend, and according to statistics, with an average annual growth rate of 6.4% over the last five years, the US food truck industry now has a market size of $1.2 billion. Fast Casual Concepts, Inc. is now racing towards its most ambitious plan yet: Food Trucks. The Company plans to capitalize on this booming industry by achieving its goal of opening fifteen trucks within the following year, with expected revenue to increase by a whopping 80% or more.

Beginning in 2019, Fast Casual Concepts, Inc. has successfully opened five restaurants and continues to expand rapidly, exploring exciting ways to increase revenue. Management continues to create diverse and innovative menus, reimagine design concepts, and deliver a strong social medial presence. As an up-and-coming restaurant chain, FCCI is answering the growing demand for healthier high-quality food by providing an intermediate concept between fast food and casual dining. In addition to franchising the restaurants, the Company will also begin aggressively expanding into franchising its food trucks business.

Tim Seivers, COO at Fast Casual Concepts, Inc. states, "all our restaurant brands have far exceeded projections. The food truck business expansion allows for a lowered financial entrance point, branding the current stores and building a brand. The additional revenue will only add to the success of the brand."

Mr. Seivers has forty years of food industry experience and related professional relationships. This driving force has navigated FCCI's rapid growth expansion and prepared them to lead food truck franchising into the future. Mr. Seivers is highly driven and passionate about guiding the Company's direction and focusing on continuous success and achievements.

Fast Casual Concepts, Inc.'s food truck program began production in August 2022 and is in high demand, with numerous events already booked into 2023. The Company will continue its success with the food trucks by assuring precise budgeting, robust marketing, and top-notch customer service.

About Fast Casual Concepts, Inc. (OTCPINK: FCCI):

Fast Casual Concepts, Inc. (OTCPINK: FCCI) is a restaurant company featuring a portfolio of brands, including Holy Cow Burgers and Ice Cream, Independent Taco, and Third Eye Pies, with all locations in Pennsylvania. Fast Casual Concepts provides a friendly and pleasant atmosphere for customers and employees. Customer satisfaction is paramount. The Company's values offer the environment for their teammates to grow and thrive. A corporate culture nurtures a healthy, creative, respectful, and fun working environment in which our employees respect the customer and the quality of the products produced. The mission of Fast Casual Concepts is to fill the growth sector market of fast-casual dining experience by providing fresh ingredients and higher quality food otherwise not offered by competitor fast food restaurants. Fresh ingredients differentiate us from the competition as our restaurants focus on innovative products, unique promotions, competitive pricing, and an enjoyable experience. Holy Cow Burgers and Ice Cream's first restaurant, a fast-casual burger shop with homemade milkshakes and hard ice cream, opened in 2019.  Independent Taco is a fast-casual, build-your-own taco and burrito shop that serves a variety of street tacos, burritos, and bowls which opened in 2020. And the Company's Third Eye Pies is a create-your-own fast casual pizza shop that serves a variety of fast-fired, handcrafted pizzas; two opened in 2020, and the third opened in 2022 - https://fastcasualconceptsinc.com/.

Safe- Harbor Statement:

This information or presentation contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, this press release's statements are forward-looking. 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.

Contact:

Office Administrator
+1 724-748-4700
info@fastcasualconceptsinc.com
fastcasualconceptsinc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1668f4dc-5abe-4d26-896b-ae14765f5e80

FAQ

What is Fast Casual Concepts, Inc.'s food truck program?

Fast Casual Concepts, Inc. is launching a food truck program to enter the growing food truck industry, aiming to open 15 trucks in the next year.

How much revenue does FCCI expect to generate from its food truck program?

FCCI expects to increase its revenue by 80% or more with the launch of its food truck program.

When did FCCI begin production of its food trucks?

Fast Casual Concepts, Inc. began production of its food trucks in August 2022.

What is the market size of the US food truck industry?

The US food truck industry has a market size of $1.2 billion.

How many restaurants has FCCI opened since 2019?

Since 2019, FCCI has successfully opened five restaurants.