SOURCE: Republic of Texas Brands, Inc.

March 20, 2013 08:00 ET

Republic of Texas Brands Incorporated (RTXB) Announces Letter of Commitment With LIG Assets, Inc. for Funding Purchase of up to Four Barbecue Restaurants in the Dallas Area

DALLAS, TX--(Marketwire - Mar 20, 2013) - Jerry Grisaffi, Chief Executive Officer and Chairman of the Board of Republic of Texas Brands Incorporated (PINKSHEETS: RTXB), announced today that RTXB has signed a commitment letter with LIG ASSETS, INC. to fund the purchase of a minimum of four barbecue restaurants in the DFW Metroplex. LIGA is a multi-faceted worldwide investment company focused on real estate, entertainment, hospitality and other profitable sectors of the economy and is based in Dallas, Texas.

RTXB recently signed letter of intent to purchase the first restaurant under the commitment letter.

"We are looking for three or more locations in the DFW Metroplex area to purchase. All prospects must own the land and building,"said Grisaffi.

Jeff Love, President of LIGA, said: "After reviewing the RTXB 1824 restaurant concept and tasting the food, I knew this was a match. We can envision a long relationship with RTXB."

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations.

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