Energy Edge Technologies Corporation to Acquire Slice of Power Pizzeria Restaurants
Miami, Florida (PRWEB) April 28, 2014 -- Power Pizzeria featuring pizza with low-carb dough (http://www.powerpizzeria.com) announced today it has entered into an agreement with Energy Edge Technologies Corporation (OTCQB:EEDG) to acquire a minority stake in the legendary pizza company.
While specific terms are being negotiated, Power Pizzeria senior management said the transaction is anticipated to close in the second quarter of 2014, subject to customary closing terms and conditions.
The Power Pizzeria system includes four company units, two franchised with one additional franchise restaurant in development. All units are located in Miami. Boyd said, “This transaction provides revenues, assets and a proven concept that has been providing a great product to the people of Miami for eight years.” Boyd added, “This agreement allows us to launch our franchising program. We are assembling a world class management team to execute our growth strategy that will largely focus on franchise conversions and acquisitions. We anticipate utilizing our co-branding expertise and top level foodservice connections to gain access for our brands into high profile locations."
“EEDG is thrilled to partner with Power Pizzeria's management team led by E. J. Martinez,” said James Boyd, EEDG's Chief Executive Officer. “We’re looking forward to a long-term partnership.”
“James has a proven track record of success and deep expertise in the restaurant and franchise sectors that will be very beneficial as Power Pizzeria continues to grow and expand the brand,” said Martinez, Power Pizzeria's founder and President.
About Power Pizzeria Inc.
Power Pizzeria, Inc. is a privately held company that has developed a great-tasting pizza low in calories. The low-carb dough is made fresh daily with no additives or fillers. Sauce is organic and made with no added sugar. Pizza is served with a variety of offerings such as chicken wings, pastas, meatballs and salads.
Energy Edge Technologies Corporation is a public holding company and parent of Energy Edge Solutions (an energy conservations company) and The Gourmet Chicken Company, an emerging restaurant company. EEDG is focused on acquiring and partnering with emerging restaurant concepts in the fast casual and quick service arena. A 14c has been filed to change the name to reflect our focus on building and acquiring restaurants.
The Gourmet Chicken Company is a new fast casual restaurant concept positioned in the "Better Chicken" category. Products are fresh, never frozen, marinated, battered and breaded chicken products fried in 100% peanut oil. Our menu has rotisserie chicken, grilled or fried chicken sandwiches and breast strips prepared to order. Gourmet sides include Mac & Cheese topped with smoked bacon bits, Corn Maque Choux- tender kernels of sweet corn cooked with bacon, red and green bell peppers and a hint of garlic, Creole Green Beans with smoked turkey, White Bean Soup, Honey Butter Biscuits, Jambalaya, Gumbo, Carrot Soufflé and Sweet Potato Soufflé. Desserts include Louisiana Fudge Cake, a sinfully, decadent Blonde Brownie with semi-sweet chocolate chunks and chopped pecans, topped with House-Made Frozen Custard and chocolate fudge sauce.
Forward Looking Statements:
This release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve risks and uncertainties. The factors that could cause actual results to differ materially from expectations are detailed in the Company's filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K.
Thomas Madden, TransMedia Group, http://www.transmediagroup.com, +1 1-855-243-5291, [email protected]
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