Bubba Gump Shrimp Co. Undertakes a Process to Raise Capital.SAN CLEMENTE San Clemente (săn klĭmĕn`tē), city (1990 pop. 41,100), Orange co., S Calif., on the Pacific coast; inc. 1928. Camp Pendleton, a large U.S. marine base, adjoins the city, which is chiefly residential. , Calif. -- Bubba bub·ba n. Slang 1. Chiefly Southern U.S. Brother. 2. A white working-class man of the southern United States, stereotypically regarded as uneducated and gregarious with his peers. Gump Shrimp Co., an operator of high-volume seafood restaurants in the U.S. and select international markets, today announced that the Board of Directors has retained Cowen & Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , to raise equity capital for accelerated unit expansion. According to Scott Barnett, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "Bubba Gump has experienced tremendous success with recent openings. Our Santa Monica unit on the pier will generate approximately $9 million in its first year of operations and in 2007, we expect to open four domestic units, one international joint venture unit and two international franchise units, representing the most units we have opened in our history." The first Bubba Gump Shrimp Co. restaurant and market opened in 1996 on Cannery Row in Monterey, Calif., following the success of six-time Oscar winning film "Forrest Gump." The company currently operates and franchises 24 Bubba Gump restaurants. Investors in the business include Paramount Pictures and The Hillman Hillman was a famous British automobile marque, manufactured by the Rootes Group. It was based in Ryton-on-Dunsmore, near Coventry, England, from 1907 to 1976. Before 1907 the company had built bicycles. Company. More information about Bubba Gump Shrimp Co. is available at the company's website: www.bubbagump.com. |
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