793 0 Kommentare Big Three Restaurants, Inc. Announces Name Change, Change of Business and Reverse Stock Split - Seite 2

The Company's preliminary estimates the entire project is in the $40 million range. The Company plans to use a combination of debt and equity to complete the project.

"I could not be more energized over the new direction of the company. Youth sports and sports venues is a multi-billion dollar emerging segment of the overall sports market. After months of planning and exploring various avenues of financial support, I believe we have hit a home run with both debt and equity players. I am convinced we will be able to arrange the combination of debt and equity needed to implement our plan," said John V. Whitman Jr., CEO and Chairman.

ABOUT THE COMPANY

The Company is a developmental stage enterprise. Our board of directors has approved a change in our business to the ownership, development and operation of venues for youth and adult team sports, sponsoring such teams and providing training programs for such team sports, as well as all activities related thereto.

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 historical fact, regarding the intent, belief or current expectations of the Company and its management with respect to, 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 claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

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