DENVER, CO–(Marketwired – February 02, 2015) – Eat at Joe’s, Ltd. (OTCQB: JOES), a developer, owner, and operator of theme-based food service establishments, currently operating one location at the Philadelphia International Airport, today followed up with respect to its recent announcement reporting the appointment of James R. Thompson, as the Company’s new President, Chief Executive Officer and General Counsel by revealing some of the strategic goals and actions Mr. Thompson expects to implement following the assumption of his duties on February 1, 2015.
Specifically, Mr. Thompson pointed out that within the next 30 days, he expects to:
- Establish the Company’s new corporate headquarters in the Denver Colorado area;
- Make important additions to the Company’s management team; and,
- Announce new directions and initiatives for Eat at Joe’s, which may include a name change, to better reflect the new direction and business of the company.
“I am inspired by the commitment, previously announced by the Board of Directors, to take the Company in a new direction,” stated Mr. Thompson. “I am assembling a new management team, and I am pleased that the current board of directors will remain in place to work with us to establish a new corporate image and modern business model for Eat at Joe’s.”
Mr. Thompson added, “I assumed the position as President, CEO and General Counsel because I saw an unprecedented opportunity to take Eat at Joe’s in a new direction — always staying focused on increasing shareholder value.”
Mr. Thompson concluded, “This is a very exciting time in the development of Eat at Joe’s. We intend to capitalize on a new business model that should yield greater returns for our investors than ever before; and it is with great pride that I will be reporting on material events as they evolve to our current shareholders and the investment community.”
About Eat at Joe’s, Ltd.
Eat at Joe’s develops, owns, and operates theme restaurants and food service establishments called “Eat at Joe’s®.” The theme for the restaurants is an “American Diner” atmosphere where families can eat wholesome, home-cooked food in a safe, friendly atmosphere. The company presently owns and operates one establishment located in Philadelphia, Pennsylvania. Management may seek to make acquisitions of established businesses, or, if a desirable location becomes available, the company may elect to expand the concept.
Safe Harbor Statement
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC’s website located at http://www.sec.gov.