MEDICALLY MINDED, INC. REACHES AGREEMENT TO ACQUIRE QUEBEC RESTAURANTS

TAMPA, FL -- MARCH 7, 2017 -- InvestorsHub NewsWire -- Medically Minded, Inc. (OTCPink: MMHC) announces that it has entered into a Merger Agreement pursuant to which it will acquire Skara Restaurants Holdings Inc., a Canadian company which operates Restaurant Skara.  In a related transaction, the Company plans to acquire a half interest in Prime BBQ.


Restaurant Skara is located in Bossard, Quebec and Prime BBQ is located in Montreal, Quebec.  Restaurant Skara’s web site is http://www.skaradix30.com. ; Prime BBQ’s web site is http://www.primebbq.ca. ; Management of Skara Restaurants Holdings, Inc. will assume management of the Company.  The parties expect the merger to be completed by March 13, 2017. 


Master Chef John Pavlatos, founder of Restaurant Skara and a director and chief executive officer of Skara Restaurant Holdings, Inc. stated:  “We are excited about the acquisition of Restaurant Skara and the interest in Prime BBQ and our emergence as a publicly traded company.  This change is expected to enable us to quickly undertake franchising of these and other restaurant concepts in the US and Canada.  We plan to engage Harold L. Kestenbaum of Melville, New York as our franchise counsel.  We plan to file a Form 10 under the Securities Exchange Act as soon as possible.”


No additional securities will be issued in the merger transaction, which will utilize reissue of the currently outstanding 3,000,000 shares of Series A-1 Preferred Stock representing 80% of the Company’s equity. 


The Company engaged in a holding company formation in December 2016, in which its name was changed to Medically Minded Holding Corp.  In connection with the merger transaction described above, the Company’s name will be changed to JP PRIME FOOD, INC (JPPF)  and a request will be made for a trading symbol to reflect the new name.


SAFE HARBOR AND INFORMATIONAL STATEMENT


This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company is not eligible to rely on the safe harbor provided by Section 21E(c) of the Exchange Act because it is not subject to filing periodic reports under Sections 13 or 15(d) of the Exchange Act.
 
For more information, contact:
John Pavlatos, Chief Executive Officer
Skara Restaurants Holdings Inc.
johnpavlatos@gmail.com

 
Only information that is publicly available will be provided.
 
 

Grafico Azioni Sixty Six Oilfield Servi... (CE) (USOTC:SSOF)
Storico
Da Ott 2024 a Nov 2024 Clicca qui per i Grafici di Sixty Six Oilfield Servi... (CE)
Grafico Azioni Sixty Six Oilfield Servi... (CE) (USOTC:SSOF)
Storico
Da Nov 2023 a Nov 2024 Clicca qui per i Grafici di Sixty Six Oilfield Servi... (CE)