BGR Corporation Acquires Deville, Inc., Its Rights to the Lucky Lou's Restaurant Concept and Appoints Louis Lukens to the Board of Directors.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 4, 2003 BGR BGR Bundesanstalt für Geowissenschaften und Rohstoffe (in Federal Republic of Germany) BGR Bulgaria (ISO Country code) BGR Blue Green Red (uncommon variant of RGB) Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BGRR BGRR Brookhaven Graphite Research Reactor ) is pleased to announce its acquisition of Deville, Inc. for $700,000 in stock and cash. Deville owns the exclusive rights to the Lucky Lou's fast casual restaurant concept. In addition Louis Lukens, creator of the Lucky Lou's concept, was appointed to the Board of Directors. Lucky Lou's is a new fast casual restaurant concept with its first restaurant opening in January of 2004. Current plans are to open four more within the next fourteen months. Lucky Lou's will sport a Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. style decor with polished concrete floors, dark wood, an open horseshoe bar, plenty of televisions for viewing sporting events, a comfortable sound system for music, and a beautiful roulette wheel behind the bar that will provide a bustling atmosphere for all to enjoy. In addition, an open kitchen along the back end of the bar will allow the customer to see the quality that goes into preparing each and every meal. Their quality menu will consist of hand-cut steaks, homemade soups, fresh sandwiches, burgers, and onion rings, cut and battered fresh daily. Each location is expected to have sales of nearly a million in its first year of operation and profit nearly $250,000 annually by its third year. In addition to the acquisition the Board of Directors has appointed Louis Lukens to the Board. Mr. Lukens has over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. experience in the restaurant and franchise industries. Over fourteen years with Carlson Restaurants Worldwide Inc. Carlson Restaurants is an $875 million company with over 700 restaurants worldwide including Pick-up Stix and casual restaurant giant TGI TGI Tribunal de Grande Instance TGI Target Group Index TGI Thank God It's Friday (US restaurant chain) TGI Tracheal Gas Insufflation TGI Tumor Growth Inhibition TGI Trato Gastrointestinal (Portugese) Fridays. Mr. Lukens has extensive experience in restaurant operations and training, menu development, financial budgeting, facility design, restaurant layouts, workflow design, and inventory control. Areas of special expertise include building operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. , team building, and management. Mr. Lukens has been a driving force in the restaurant and bar industry in the Phoenix metro area for the past twenty years. Jerry Brown, Chief Executive Officer of BGR Corporation, was quoted as saying, "The acquisition of Deville, Inc. and its Lucky Lou's concept is a great start in the execution of our business plan. It is also my pleasure to have Mr. Lukens as part of our team. Mr. Lukens' experience and the profitability of Lucky Lou's restaurants will ultimately be reflected in greater shareholder value." It is the intention of BGR Corporation to acquire new innovative fast-casual restaurant concepts, develop them into a profitable working design, and franchise them across the country. BGR Corporation is developing a team that has extensive experience in the industry in relation to professional restaurant design, franchising, and restaurant management. BGR Corporation is listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Electronic Bulletin Board under the trading symbol Trading symbol See: Ticker symbol BGRR. Special Note Regarding Forward-Looking Statements Forward-looking statements in this news release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties, such as our success in acquiring new concepts, funding these acquisitions, and successfully adapting and franchising these concepts, could cause the company's actual results in the future materially to differ from the forward-looking statements. |
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