SOURCE: Eat at Joe's, Ltd.

March 02, 2015 09:30 ET

Eat at Joe's, Ltd. Names Mark McGarrity as Chief Information Officer

DENVER, CO--(Marketwired - March 02, 2015) - Eat at Joe's, Ltd. (OTCQB: JOES), a holding company with wholly-owned subsidiaries in the digital publishing and advertising industry and in the food service industry, today announced that the company has named Mark McGarrity as Chief information Officer (CIO).

Mr. McGarrity, CEO of Franklin Networks, Inc., which was recently acquired by the Company, has in excess of 13 years of internet marketing experience, will maintain and grow Eat at Joe's digital publishing and advertising operations.

As CIO, Mr. McGarrity's responsibilities will include continuing the growth of the Company's current digital media platforms and to establish a research and development department (R&D). The R&D department will allow the Company to conceive, create and develop the necessary applications with which to continue its expansion and the continued growth of the Company's new business model. Once established, the in-house capacity will allow the Company to achieve greater vertical integration and be less reliant upon outside contractors.

Mr. McGarrity has enjoyed repeated success as a driven business leader and as a successful entrepreneur. He has built several businesses that generate multi-million dollar revenue in the software development and Internet marketing arena.

Mr. McGarrity stated, "I assumed the position as CIO because I recognized an unprecedented opportunity to continue the work that I started at Franklin Networks at a higher level and at the same time, it's an opportunity to assist the Company in realizing its goals and objectives of moving Eat at Joe's in a new direction. I am a firm believer in the potential of the Franklin Networks marketing platform and that is why we agreed to the all restricted-stock purchase of Franklin Networks with stringent gating provisions."

"Mark understands and has the level of commitment necessary to grow a business. That understanding and mindset, coupled with his substantial experience will undoubtedly enable Mark to help us navigate our path to success," added James R. Thompson, Esq., President and CEO of Eat at Joe's.

About Eat at Joe's, Ltd.

Eat at Joe's is a holding company that through its wholly-owned subsidiary, Franklin Networks, Inc., is engaged in digital publishing and advertising operations and through its other wholly-owned subsidiary, E.A.J. PHL Airport Inc., owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's®." The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.

Contact Information

  • Investor Relations Contact:
    Marlin Molinaro
    Marmel Communications, LLC
    (702) 434-8692
    mmolinarofc@aol.com