SOURCE: Eat at Joe's, Ltd.

March 09, 2015 09:30 ET

Eat at Joe's Announces Launch of New Strategic Initiatives With Application for Name Change and New Ticker Symbol

DENVER, CO--(Marketwired - March 09, 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, announced today that it filed the requisite paperwork with FINRA to change its name to "SPYR, Inc." and requested that its ticker symbol be changed to "SPYR."

According to company CEO & President, James R. Thompson: "After a great deal of thought, and consideration and analysis of many factors, with the help of our award-winning outside brand development and marketing firm COHN, we selected SPYR from among numerous choices as being the name that best fits our current business model and corporate strategy."  

"It is strong, bold and strategic; the embodiment of the Company's new management, direction and corporate image," said Thompson.

Thompson further explained, "A play on the word 'spire,' meaning 'the highest point or summit of something' and, in the context of a building, a structure that is always on top, the name SPYR clearly indicates to the marketplace where we intend to go: to the top of our industry; namely, the multi-billion dollar digital media and advertising industry.  InSPYRation clicks!" 

Once the process is completed and FINRA approval is obtained, the Company will inform its current shareholders and the investment community when the name change and new ticker symbol will become effective.

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.

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