NEW YORK, NY--(Marketwire - Oct 25, 2012) - TRIG Acquisition 1, Inc., a fully reporting public company (the "Company"), today announced the acquisition of Grilled Cheese, Inc., dba "The Grilled Cheese Truck" pursuant to a share exchange agreement dated October 18, 2012 ("Exchange Agreement"). In connection with the Exchange Agreement, the Company completed a closing of a "best efforts" private offering of up to $5,000,000 (the "Offering") with a group of accredited investors.
Upon consummation of the final closing of the Offering, the Company will commence operations as a franchisor based on existing operations of The Grilled Cheese Truck. As a franchisor, the Company expects to generate revenues through franchise fees, the sale of food and supplies as well as ongoing royalties.
The Company's franchise program will be primarily focused on the sale of franchises to US veterans, who will be among the first 100 franchisee owners of The Grilled Cheese Truck. As part of this strategy, the Company recently announced an agreement with General Wesley Clark, a retired four-star general, to become the Company's Vice Chairman and supervise the implementation of this national veteran franchise program.
For more information on the franchise program, the Exchange Agreement and the Offering, please view the Company's Form 8-K filed on October 24, 2012 with the SEC:
This press release shall not constitute an offer to sell or the solicitation of an offer to participate in the Offering. This press release is being issued pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, and to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC or may be obtained upon request from the Company.