SOURCE: Gray Fox Petroleum Corp

April 01, 2016 09:00 ET

Grey Fox Holdings Corp. Announces the Letter of Intent (LOI) to Purchase the Graffiti Junktion, "Franchised Location" in Clermont, FL

ORLANDO, FL--(Marketwired - April 01, 2016) -  Grey Fox Holdings Corp. (OTCQB: GFOX) announces it has signed a Letter of Intent to purchase the Graffiti Junktion franchise located in Clermont, FL. The CEO, Daniel Sobolewski, stated, "This was an opportunity that we saw that we could not pass up on. The Clermont location has been operating for three years now, and is already generating revenue. Our goal is to add an outdoor bar to the huge outside patio, and utilize more of the space in order to generate more sales and synergy for this location."

Mr. Sobolewski also stated, "We intend to close on this transaction within the next two (2) weeks. We also plan to keep the current management in place. The GM at this location is an asset and has a long and extensive restaurant back round. Furthermore, this purchase will still leave two franchise licenses available to Grey Fox Holdings Corp. out of the three that was purchased. We still intend to open two brand new locations by the end of the year."

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This news release includes forward-looking statements that reflect Grey Fox Holdings Corp., Inc.'s current expectations about its future results, performance, prospects and opportunities. Grey Fox Holding, Corp. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "should," "typical," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Grey Fox Holdings, Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

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    Daniel Sobolewski