SOURCE: Giggles N' Hugs

Giggles N' Hugs

September 04, 2012 08:30 ET

Giggles N' Hugs Appoints Philip Gay to Advisory Board

LOS ANGELES, CA--(Marketwire - Sep 4, 2012) - Giggles N' Hugs, Inc. (OTCQB: GIGL), an upscale, children's themed restaurant, has added Philip Gay to its recently established advisory board effective August 18, 2012.

Philip Gay joins the Giggle N' Hugs advisory board with over 25 years of restaurant experience and deep ties within the investment community. He currently serves as the managing director of Triple Enterprises, a business advisory service firm that assists mid-cap companies with financing, strategic financing and M&A. Prior to that, Gay was the president and CEO of Grill Concepts, Inc., CFO of California Pizza Kitchen, CFO of Wolfgang Puck Food Company, CEO and CFO of Diversified Food Group, and CEO of Color Me Mine. Mr. Gay is also a Certified Public Accountant and is a graduate of London School of Economics.

"We believe Philip's tremendous restaurant experience with some of the most recognizable eateries in the world will be invaluable as we build Giggles N' Hugs," said Joey Parsi, Giggles N' Hugs founder, president and CEO. "We are confident he will prove to be the perfect addition to our advisory board, and it's a pleasure to have him on our team."

Gay's appointment brings the advisory board membership to three, following the appointment of Gymboree co-founder Joan Barnes and investment banking veteran Glen Golenberg.

Gay commented: "I've been part of many successful restaurant concepts throughout my career and have never seen something quite like Giggles N' Hugs. Their focus on quality food in a kid-friendly atmosphere really does fill a much needed void in the restaurant industry. I look forward to joining the other members of the Board as we look to advance Giggles N' Hugs to its next phase of growth."

Joey Parsi founded Giggles N' Hugs in 2007 after what he describes as a "void in the marketplace" for restaurants that encourage kids to be themselves and play while parents can enjoy a quality meal in a casual setting. Giggles N' Hugs has become a hot spot for all parents, including many Hollywood celebrities such as Adam Sandler, Mark Wahlberg, Halle Berry, Jennifer Garner and Ben Affleck, to name a few. Giggles N' Hugs has also been featured in many news and entertainment publications, including Bloomberg BusinessWeek, Forbes, People Magazine, US Magazine, New York Post and many others. Among its family-friendly vibe, Giggles N' Hugs is also known for their own creation called "Mom's Tricky Treat Sauce," which includes pureed vegetables in kids' favorite meals such as pizza and macaroni and cheese.

About Giggles N' Hugs

Giggles N' Hugs, Inc. (OTCQB: GIGL) is an upscale, children's themed restaurant where play time, healthy food and happy parents converge. The restaurant is designed to create a fun, casual, family atmosphere where children 10 and under can interact with their parents and each other while enjoying freshly prepared, organic, nutritious and reasonably-priced food. Giggles N' Hugs also features daily live entertainment and shows. Headquartered in Los Angeles, CA, Giggles N' Hugs operates one restaurant in the Westfield Mall in Century City, CA with construction underway for another location in the Westfield Topanga Shopping Center in Canoga Park, CA. For more information, please visit www.gigglesnhugs.com.

Contact Information

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