SOURCE: The Great American Food Chain, Inc.

March 07, 2011 08:19 ET

Great American Food Chain Acquires Amici Restaurants

DALLAS, TX--(Marketwire - March 7, 2011) - The Great American Food Chain, Inc. (PINKSHEETS: GAMN) announced today that it has acquired an 80 percent interest in Amici Restaurants of Madison, Georgia,

Amici Restaurants is a 17 year old regional chain of full service family style Italian restaurants. Amici Restaurants owns and operates two restaurants, one in Madison and one in Covington, Georgia. In addition there are four franchise restaurants located in Athens, Augusta, Milledgeville, and Lake Oconee, and a partnership restaurant in Monroe, Georgia. Total system wide sales are estimated at $6.5 million. 

Amici's founder Chris Torino will remain with the company and assume the position of VP of Brand Innovation. Mike Torino will hold the position of VP of Brand Development and will serve as a member of the Board of Directors of The Great American Food Chain, Inc. 

The Great American Food Chain, Inc. has appointed Robert Andreottola as President of the company and Mr. Andreottola will also serve as a member of the Board of Directors. 

Edward Sigmond, Chairman and CEO of The Great American Food Chain, was quoted as saying, "We are very excited about the opportunity to have the Amici brand as part of our company. Amici has an excellent reputation in its current markets and feel that it is well positioned to grow and into a competitive regional brand."

About The Great American Food Chain, Inc.

The Great American Food Chain, Inc. is a restaurant holding company specializing in the development and expansion of proven independent restaurant concepts into multi-unit locations through corporate owned stores, licensing, and franchising opportunities. GAMN is located in Dallas, Texas.

Forward-Looking Statements

Any statements in this press release about The Great American Food Chain's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," "forecast," "could," and "would." There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of restaurant concepts, protection of the Company's intellectual property, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports. The Great American Food Chain claims the protection of the safe harbor for forward-looking statements under the Act and assumes no obligation and expressly disclaims any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.

Contact Information

    The Great American Food Chain, Inc.
    Edward Sigmond
    (214) 880-0446
    Email Contact