Latitude 360 Signs Franchising Agreement to Bring its "360 Experience" Restaurant Brand to Qatar and Kingdom of Saudi Arabia
PR Newswire - Mon Mar 09, 7:55AM CDT
Latitude 360 (OTCQB:LATX) (http://latitude360.com) today announced that it has entered into a Franchise Agreement with Al Sedriyah, a restaurant and hospitality company based in Doha, Qatar. The deal enables Latitude 360, an upscale casual restaurant with a multi-dimensional entertainment platform to be able to expand its dynamic and unique Restaurant Brand into the Middle East. The initial agreement enables Al Sedriyah to franchise the Latitude 360 brand into the State of Qatar, which according to the World Bank is ranked as the highest GDP (PPP) per capita and the Kingdom of Saudi Arabia, ranked by the World Bank as the 9th highest GDP (PPP) per capita. Al Sedriyah also retains first right of refusal into Egypt and Turkey for potential future locations. Latitude 360 plans to continue its Franchising into the Middle East, which has an approximate population of almost 300 million with certain expansion plans already in the pipeline in the United Arab Emirates in order to create the "360 Experience"
Latitude 360 (LATX) Announces Positive 4th Quarter Sales Momentum and Membership Growth
PR Newswire - Tue Dec 30, 6:45AM CST
Latitude 360 (OTCQB: LATX), an award-winning, premier upscale casual dining restaurant that features a "360 EXPERIENCE" with a wide variety of state-of-the-art entertainment options for dining customers, today provided an intra-quarter update reflecting positive 4th Quarter sales momentum going into year-end, including increased same-store year over year sales growth. Through December 28, 2014, the company, on an unaudited basis reported gross sales up approximately 15.5%, while group sales rose approximately 17.8%. These reports come on the heels of strong 3rd Quarter sales growth.
Latitude 360 Bringing its Unique 360 EXPERIENCE to 'The Shops at West End' Retail Center in Minneapolis Suburb, St. Louis Park
Business Wire - Wed Jul 30, 4:06PM CDT
Latitude 360 (OTCQB: LATX) (L360), an award-winning, premier upscale casual dining and state-of-the-art entertainment venue operator, today announced the signing of a lease whereby its construction build-out costs will be funded by Duke Realty (NYSE: DRE), the owner and manager of The Shops at West End (1621 West End Boulevard in St. Louis Park, MN). Latitude 360's brand new 43,000 square-foot venue is slated to open during Q1 2015 at this central location, easily accessible from two major thoroughfares, I-394 and Highway 100.
DRE: 20.54 (-0.11)
Latitude 360, Inc. Completes Corporate Name and Stock Symbol Changes
Business Wire - Mon Jun 23, 8:14AM CDT
Latitude 360 (OTCQB:LATX) (L360), an award-winning, premier upscale casual dining and state-of-the-art entertainment venue operator, today announced that pursuant to the successful completion on May 30, 2014 of its previously announced merger with public entity Kingdom Koncrete, the corporate name of the publicly listed company is officially Latitude 360, Inc. The shares are now trading under the LATX ticker symbol.