Straight from the horses mouth From the foundin
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Posted On: 04/19/2017 10:00:44 AM
Straight from the horses mouth
From the founding of the company over 9 years ago and with significant personal resources invested to date, our mission has been to go slowly but surely", commented Parsi. "However, now that the foundation of the company has been put in place, our primary goal will be to go full throttle and expand our footprint through company and franchised locations, as well as the launching of our licensing and merchandising products throughout the country and the world". Parsi continued, "For this to happen, we are going to need funding which is the case for any company at our stage". "This is also the case for much larger companies like Tesla or any others at the same stage as we are. "The key for us however, will be to get funding that is minimally dilutive, as we have learned our lessons and understand the effects of what bad financing can cause. We will do whatever we have to do to get it done right", Parsi stated.
"One way we can do this, is to leverage our relationships with the 4 largest mall owners in America by getting them to pay for most, if not, all the costs of each of our new locations. The mall owners need what we deliver to them. It's what they seek most; Foot traffic!!! With more and more people shopping online at places like Amazon, there are less and less consumers visiting the malls, and since we bring in thousands of people per month in each of our locations, the malls look to us as a partner. This is one of the reasons the landlords have paid for a significant portion of our existing locations' build out costs and why they are willing to pay even more, if not, all the costs going forward.
Even with this, we're still going to need capital to do some of the other initiatives we have decided to pursue. This would include our kids' clothing line, frozen food line, baby furniture, toys and or any other licensing and merchandising initiatives. We want Giggles N Hugs to be a brand no different than, Disney, synonymous with children's products and services and not just a family restaurant and play space. To this end, we are working with a few investment banks to secure the right funding for all of our growth objectives. We expect news in this regard soon. “Overall, I believe we are finally in a great position to execute on our strategic plans and believe our accomplishments are just getting started for 2017 and beyond,” concluded Parsi.
http://www.otcmarkets.com/stock/GIGL/news/Gig...48&b=y
From the founding of the company over 9 years ago and with significant personal resources invested to date, our mission has been to go slowly but surely", commented Parsi. "However, now that the foundation of the company has been put in place, our primary goal will be to go full throttle and expand our footprint through company and franchised locations, as well as the launching of our licensing and merchandising products throughout the country and the world". Parsi continued, "For this to happen, we are going to need funding which is the case for any company at our stage". "This is also the case for much larger companies like Tesla or any others at the same stage as we are. "The key for us however, will be to get funding that is minimally dilutive, as we have learned our lessons and understand the effects of what bad financing can cause. We will do whatever we have to do to get it done right", Parsi stated.
"One way we can do this, is to leverage our relationships with the 4 largest mall owners in America by getting them to pay for most, if not, all the costs of each of our new locations. The mall owners need what we deliver to them. It's what they seek most; Foot traffic!!! With more and more people shopping online at places like Amazon, there are less and less consumers visiting the malls, and since we bring in thousands of people per month in each of our locations, the malls look to us as a partner. This is one of the reasons the landlords have paid for a significant portion of our existing locations' build out costs and why they are willing to pay even more, if not, all the costs going forward.
Even with this, we're still going to need capital to do some of the other initiatives we have decided to pursue. This would include our kids' clothing line, frozen food line, baby furniture, toys and or any other licensing and merchandising initiatives. We want Giggles N Hugs to be a brand no different than, Disney, synonymous with children's products and services and not just a family restaurant and play space. To this end, we are working with a few investment banks to secure the right funding for all of our growth objectives. We expect news in this regard soon. “Overall, I believe we are finally in a great position to execute on our strategic plans and believe our accomplishments are just getting started for 2017 and beyond,” concluded Parsi.
http://www.otcmarkets.com/stock/GIGL/news/Gig...48&b=y
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