Creative Eateries Corp. Acquires Q's House of Barbecue with its Acquisition of Restaurant Companies International.SCOTTSDALE, Ariz. -- Creative Eateries Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CEAT CEAT College of Engineering and Agro-Industrial Technology (Philippines) CEAT Contractor Evidence Audit Team CEAT Community Emergency Action Team CEAT Civil Engineering and Architectural Team ) announced today its acquisition of Restaurant Companies International (RCI RCI Royal Caribbean International RCI Radio Canada International RCI Rehabilitation Council of India RCI Residential Communities Initiative RCI Roof Consultants Institute RCI Remote Control Interface RCI Residential, Commercial, Industrial ) for 30,802,367 shares of the corporation's restricted common stock. RCI is the managing member and majority owner of Q's Franchise Co., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , who DBAs as "Q's House of Barbecue." In addition to the acquisition, Frank Holdraker, president of RCI, was appointed president of Creative Eateries and to the board of directors. Creative Eateries will assume the business plan of RCI, which is a franchise development company organized to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the new, growing demand for "fast-casual/full-service" restaurants in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The company is poised to take advantage of this new phenomenon by targeting emerging and undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. restaurant/franchise concepts and owning equity directly in these brands. Creative Eateries intends to grow these brands through expanding corporate growth and franchising by leveraging its skilled team of restaurant and franchise development professionals, deep operational expertise and a database of potential franchisees. The first, of many to come, franchise concept for Creative Eateries is Q's House of Barbecue. Q's House of Barbecue restaurants feature a specialized menu including appetizers, slow-smoked ribs, pulled pork, chicken wings, seafood, beef brisket brisket the mass of connective tissue and fat covering the anterior part of the chest in ruminants. Lies at the most ventral part of the neck, between the front legs and covering the anterior end of the sternum. and other barbecue favorites, soups, salads and desserts in a casual, sophisticated, upscale setting, as well as catering for on-premises and carry-out consumption, utilizing certain distinguishing characteristics including distinctive exterior and interior design, decor, color scheme and furnishings; uniform standards, specifications and procedures for operations; quality and uniformity of products and services offered; procedures for management and inventory control; training and assistance; and advertising and promotional programs and other products prepared with our recipes, procedures, and techniques from a location within a designated territory under the name Q's House of Barbecue. Frank Holdraker was president/owner of Franklin & Associates from 1989-2004, a full-service concept development company. He helped develop for La Salsa, Fresh Mexican Grill, their franchise program, the manufacture of proprietary products and the establishment of purchasing and distribution procedures. From 1986-1989 Holdraker was 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. of Ponderosa Inc., a 750-unit steakhouse chain. From 1980-1986 he was senior vice president of Coulter Enterprise, a major multistate Pizza Hut franchisee. Prior to that he was vice president of Pizza Hut from 1974-1980. "This is a great time for Creative Eateries and its shareholders," Holdraker stated. He continued by saying, "All of us at Creative Eateries are very excited about the team we have assembled and the restaurant concepts under development. We anticipate the first Q's House of Barbecue to open in the coming year with many more openings to follow and over a hundred franchises sold in the year following." Creative Eateries is listed on the Nasdaq Electronic Bulletin Board under the trading symbol Trading symbol See: Ticker symbol CEAT. Look for our Web site at www.creativeeateries.com. For further investment information, please call Gary Reid at 866-475-7539. 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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