Giggles N’ Hugs, Inc. (GIGL) Positioning Itself
Post# of 3935
Posted On: 12/18/2015 4:02:01 PM
Giggles N’ Hugs, Inc. (GIGL) Positioning Itself for National Expansion in 2016
For months, Giggles N’ Hugs, Inc. (OTC: GIGL) has been making moves to better position itself for financial growth. Leveraging the marketability of its innovative family-friendly restaurant and play center concept, the company has garnered interest from both mall owners and franchisees regarding both national and international expansion. In October, GIGL gave the investment community some insight into this interest when it announced that Westfield Corp. (OTC: WEFIF), one of the world’s leading shopping center operators, had reached out to the company about expanding upon their current partnership. According to Joey Parsi, founder and chief executive officer of GIGL, interest from Westfield may be just the tip of the iceberg.
“With the unbelievable management team we now have in place, and having one of the most unique concepts in the restaurant industry, as well as the deals and opportunities we are getting from Westfield and all the other major mall owners, we are ready to explode onto the national scene first with multiple locations in some of the best properties in the country and ultimately around the world,” Parsi stated in a news release.
Currently, GIGL owns and operates three locations in the Greater Los Angeles area, including two locations in Westfield malls, but the company has recently turned much of its attention toward expanding its footprint around the country, especially along the West Coast. Earlier this month, GIGL took a major step toward turning that goal into a reality when it signed an agreement with New York-based Chardan Capital Markets, LLC. Under the terms of this agreement, the boutique investment bank will introduce GIGL to potential investors and business partners, advise and assist management in preparing for presentations to financial sources and perform a wide variety of financial advisory services.
This partnership is particularly interesting for GIGL’s prospective shareholders, because Chardan specializes in providing a range of investment services to micro-cap emerging growth companies. The bank has become a leader in the securement of capital solutions for these companies, raising in excess of $13 billion through more than 250 transactions.
“As we continue to grow and expand our reach in markets throughout the country and the world, we look forward to working with Chardan to assist in taking our company to the next level,” continued Parsi.
With a proven concept, mounting interest from some of the world’s largest mall operators and a partnership with one of the country’s most successful investment banks focused on servicing micro-cap companies, GIGL could be on the cusp of a period of considerable growth. As the company seeks to begin taking the necessary steps to uplist to a national exchange during 2016, GIGL is emerging as one of the hospitality sector’s most intriguing investment options.
For more information, please visit www.gigglesnhugs.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
For months, Giggles N’ Hugs, Inc. (OTC: GIGL) has been making moves to better position itself for financial growth. Leveraging the marketability of its innovative family-friendly restaurant and play center concept, the company has garnered interest from both mall owners and franchisees regarding both national and international expansion. In October, GIGL gave the investment community some insight into this interest when it announced that Westfield Corp. (OTC: WEFIF), one of the world’s leading shopping center operators, had reached out to the company about expanding upon their current partnership. According to Joey Parsi, founder and chief executive officer of GIGL, interest from Westfield may be just the tip of the iceberg.
“With the unbelievable management team we now have in place, and having one of the most unique concepts in the restaurant industry, as well as the deals and opportunities we are getting from Westfield and all the other major mall owners, we are ready to explode onto the national scene first with multiple locations in some of the best properties in the country and ultimately around the world,” Parsi stated in a news release.
Currently, GIGL owns and operates three locations in the Greater Los Angeles area, including two locations in Westfield malls, but the company has recently turned much of its attention toward expanding its footprint around the country, especially along the West Coast. Earlier this month, GIGL took a major step toward turning that goal into a reality when it signed an agreement with New York-based Chardan Capital Markets, LLC. Under the terms of this agreement, the boutique investment bank will introduce GIGL to potential investors and business partners, advise and assist management in preparing for presentations to financial sources and perform a wide variety of financial advisory services.
This partnership is particularly interesting for GIGL’s prospective shareholders, because Chardan specializes in providing a range of investment services to micro-cap emerging growth companies. The bank has become a leader in the securement of capital solutions for these companies, raising in excess of $13 billion through more than 250 transactions.
“As we continue to grow and expand our reach in markets throughout the country and the world, we look forward to working with Chardan to assist in taking our company to the next level,” continued Parsi.
With a proven concept, mounting interest from some of the world’s largest mall operators and a partnership with one of the country’s most successful investment banks focused on servicing micro-cap companies, GIGL could be on the cusp of a period of considerable growth. As the company seeks to begin taking the necessary steps to uplist to a national exchange during 2016, GIGL is emerging as one of the hospitality sector’s most intriguing investment options.
For more information, please visit www.gigglesnhugs.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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