SOURCE: Daniels Corporate Advisory Company, Inc.

February 29, 2016 10:06 ET

DCAC Signs Letter of Intent With Island Hospitality Concepts, Inc.

Dual Income Stream Potential

NEW YORK, NY--(Marketwired - Feb 29, 2016) - Daniels Corporate Advisory Company, Inc. (OTCQB: DCAC) ("the Company") is pleased to announce the expansion of its Corporate Strategy Consulting business segment by the execution of a Letter of Intent with Island Hospitality Concepts ("IHC"), Inc. "IHC" is a consulting company that builds out original food/restaurant concepts, theirs as well as those of creative, owner/operator entrepreneurs and develops these assets into franchise opportunities in beautiful Island settings. Their present geographic focus, and all future locations, will be further developed within an incubated subsidiary of Daniels Corporate Advisory Company. Daniels senior management and its newly added, highly regarded Corporate Advisory Team, will be helping develop present and new assets in the Dominican Republic. Terms of the Agreement are expected to be announced shortly, pending the completion of due diligence.

"We are excited by this new prospective project," stated Arthur D. Viola, CEO of Daniels Corporate Advisory Company, Inc. "It gives DCAC the potential for a dual income stream which can mean a combination of cash fees and equity in each of the restaurants. DCAC will provide advisory on the methods of leverage and different deal structures that can be adapted for the purchase and/or expansion of a particular property or for the sharing of an investment commitment with an owner/operator entrepreneur in the creation of his own brand/identity and, secondly, from referrals of individuals/corporations in the DCAC networks that are interested in any phase of the opportunity."

IHC have successfully launched and managed a number of thriving restaurant brands all over the Dominican Republic. It is a full service restaurant consultancy with 30 years of experience under its belt. It's success stems from bringing together a team of operators, designers, chefs and industry experts to transform culinary dreams, theirs and yours, into reality.

Says Viola, "We are happy to be working with an insightful group of restaurant/concept professionals who can easily recognize growth opportunities and help build them."

"The Caribbean welcomed a record 26.3 million tourists in 2014, a 5.3 percent rise over the previous year, and the fifth straight year of growth as a region. These visitors spent $29.2 billion (US). We know the region is growing by leaps and bounds, and is continually setting records for tourism dollars spent," said Viola. "With such vast potential and positive performance in the accommodation and hospitality sectors, DCAC believes the time is right for expanding into this exploding market. Asset expansion into the Dominican Republic is simply a matter of who will take advantage of the market conditions, and who has the expertise best suited to do so. For these reasons, we have signed a Letter of Intent with IHC."

Prior to Franchising, Owner/Operator relationships will be developed for participation in existing brands or for the development of his own vision. The path for an Owner/Operation will be guided to success and for much less than the start-up costs of similar operations stateside. "It depends on how simple or how grand you envision your eatery to be," explained Viola. "IHC can get you started for just $99,000 US -- in some cases even lower at $60,000. Or as high as $400,000 if your concept calls for a large, lavish dining experience. These costs are insignificant compared to what it would cost to open the same business in the US."

"While owner/operator concept development with franchising potential is open to everyone," said Viola. "This concept would be perfect for members of the baby-boomer generation; those who are 50 plus and would like to be productive and contribute, in their own 'new' way, to society. They have in the past made history and they can in the future, while enjoying an 'Island lifestyle.'"

Under the terms of the pending deal all new business concepts and investors that come by referral from the DCAC network would earn additional equity for DCAC in each of the new restaurant concept/deals or the expansion of an existing brand. "In addition to receiving fee income for leveraged deal advisory and, on a case by case basis, for providing investment capital as a principal, "DCAC will get credit for new growth of any existing chain or the creation of a new chain coming through the Company," states Viola. "Our participation on multi-levels, including referrals from the DCAC network, for this incubation subsidiary serves to expand our asset base and attract even more investment for the Company in general."

IHC currently has half a dozen destination restaurant properties in service:

  • Los Gringos, a southern style beach BBQ in Cabarete.
  • Banditos Cantina, mixing Mexican food and margaritas in Cabarete
  • 4 separate locations of The Lazy Dog, a beachside bar and grill in Sousa, Las Terrenas, and 2 in Cabarete

"We are completing our due diligence now and expect to have more to share with our shareholders in the coming quarter. Expect more details to be forthcoming soon," said Viola.

About Island Hospitality Concepts
IHC provides oversight and expertise to assist companies in taking their restaurant business from concept through start-up and into profitability. In general, our services fall into three broad categories:

1. Restaurant concept development and delivery 2. Concept assessment and revitalization 3. Restaurant operations support systems

Island Hospitality Concepts can help restaurants with a number of management issues to ensure that the business will run more effectively and become more profitable.

For more information, contact: www.islandhospitalityconcepts.com

Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

Contact Information

  • For more information please contact:
    Daniels Corporate Advisory Co., Inc.
    Arthur D. Viola
    Chairman and CEO
    (347) 242-2148
    onewallstreetn@aol.com