Giggles N’ Hugs, Inc. (GIGL) CEO Discusses 2016
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QualityStocks today announces the availability of a new audio interview with Joey Parsi, founder and chief executive officer of Giggles N’ Hugs, Inc. (OTCQB: GIGL). The interview recapping the company’s achievements in 2015, outlook for 2016, and opportunity to invest in its growth, can be heard at http://www.qualitystocks.net/interview-gigl2.php.
Last year was a busy and productive season for Giggles N’ Hugs, and Parsi begins the QualityStocks interview by explaining the company’s success in streamlining operations, dramatically improving margins, and increasing year-over-year sales.
Building on its 2015 achievements and recent engagement of Chardan Capital Markets LLC, Giggles N’ Hugs is well-positioned to execute its 2016 growth initiatives.
“We recently engaged Chardan Capital as our investment bank to go out and raise some capital for us so that we can expand … to multiple locations throughout the United States … just as importantly, we’re also looking to finally launch our massive franchising program,” Parsi explains in the interview.
Giggles N’ Hugs has received hundreds of inquiries from interested parties looking to replicate the company’s concept and success in various locations around the world.
“We’re in a very enviable position in that in the restaurant world … they say there’s three reasons for success. And that’s location, location and location. For us, that seems to be the best part of our opportunity going forward,” says Parsi.
On the topic of location, Giggles N’ Hugs has also caught the eye of several of the nation’s largest mall landlords, including Westfield, which has made available its entire portfolio of malls for Giggles N’ Hugs to consider as future locations. Westfield in particular is also offering the company a tenant allowance to drastically cut opening and rent costs – all in the name of leveraging Giggles N’ Hugs tremendous ability to generate foot traffic at each location.
Moving forward, Giggles N’ Hugs aims to raise $5 million through a 506C offering, which will enable the company to fund its 2016 growth initiatives.
“We need capital; obviously that’s a primary need for any young company like Giggles N’ Hugs, which is on this massive growth spurt … if you’re interested in investing in Giggles N’ Hugs, please contact us at info@gigglesnhugs.com and we’ll be sure to send you all the investment information so that you can make a decision as to whether or not Giggles N’ Hugs represents a good opportunity,” concludes Parsi.
Learn more by visiting www.gigglesnhugs.com
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