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BT Brands, Inc. Acquires Pie in the Sky Coffee and Bakery
BT Brands, Inc. Acquires Pie in the Sky Coffee and Bakery
WEST FARGO, ND / ACCESSWIRE / May 12, 2022 / BT BRANDS, INC. (NASDAQ:BTBD) announced today that it completed the acquisition of Pie in the Sky Coffee and Bakery in Woods Hole, Massachusetts. , Pie in the Sky has served the local community and the many visitors passing through the Ferry Terminal at Woods Hole since 1982. Pie in the Sky roasts its coffee and offers high-quality organic fresh-brewed coffee beverages, pastries, and breakfast items. Commenting on the acquisition, CEO Gary Copperud stated, "the Pie Coffee acquisition gives BT Brands an iconic brand and local favorite with a history of profitability. The purchase provides a platform to grow in the coffee bakery area, both retail and online. Pie in the Sky is our second acquisition since our initial public offering in November 2021. Together, the two acquisitions represent nearly doubling BT Brand's 2021 sales. We currently have more than $10 million in cash available to pursue additional acquisitions."
About BT Brands Restaurants Inc.: BT Brands Restaurants Inc. ("BT") owns and operates nine fast-food Burger Time restaurants in North Dakota, South Dakota, and Minnesota. The Company owns Keegan Seafood Grille in Indian Rocks Beach, Florida. BT owns and operates one Dairy Queen location in Minnesota. Following its November 2021 public offering, the Company is seeking acquisitions within the restaurant industry.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the disruption to our business from the recent pandemic and its impact on our results of operations, financial condition, and prospects which may vary depending on government actions, customer behavior, the duration of staffing constraints at our restaurants, the uncertain nature of restaurant development plans and the ability to implement those plans and integrate new restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of the BT Brands' Annual Report on Form 10-K for the fiscal year ended January 3, 2022, filed with the SEC, and other filings with the SEC. BT Brands disclaims any obligation or duty to update or modify these forward-looking statements.
SOURCE: BT Brands, Inc.
View source version on accesswire.com:
WEST FARGO, ND / ACCESSWIRE / May 12, 2022 / BT BRANDS, INC. (NASDAQ:BTBD) announced today that it completed the acquisition of Pie in the Sky Coffee and Bakery in Woods Hole, Massachusetts. , Pie in the Sky has served the local community and the many visitors passing through the Ferry Terminal at Woods Hole since 1982. Pie in the Sky roasts its coffee and offers high-quality organic fresh-brewed coffee beverages, pastries, and breakfast items. Commenting on the acquisition, CEO Gary Copperud stated, "the Pie Coffee acquisition gives BT Brands an iconic brand and local favorite with a history of profitability. The purchase provides a platform to grow in the coffee bakery area, both retail and online. Pie in the Sky is our second acquisition since our initial public offering in November 2021. Together, the two acquisitions represent nearly doubling BT Brand's 2021 sales. We currently have more than $10 million in cash available to pursue additional acquisitions."
新泽西州西法戈/2022年5月12日英国电信品牌公司纳斯达克(Sequoia Capital:BTBD)今天宣布,已完成对位于马萨诸塞州伍兹霍尔的Pie in the Sky咖啡和面包房的收购。自1982年以来,Pie in the Sky一直服务于当地社区和许多途经伍兹霍尔渡轮码头的游客。Pie in the Sky烘焙咖啡,提供高质量的有机现煮咖啡饮料、糕点和早餐。在谈到此次收购时,首席执行官加里·科珀鲁德表示:“收购Pie Coffee为BT Brands带来了一个标志性的品牌和当地最受欢迎的品牌,并有盈利的历史。此次收购提供了一个在咖啡烘焙领域实现增长的平台,无论是零售还是在线。这是我们自2021年11月首次公开募股以来的第二笔收购。这两笔收购加在一起,几乎是BT Brand 2021年销售额的两倍。我们目前有超过1000万美元的现金可用于进一步收购。”
About BT Brands Restaurants Inc.: BT Brands Restaurants Inc. ("BT") owns and operates nine fast-food Burger Time restaurants in North Dakota, South Dakota, and Minnesota. The Company owns Keegan Seafood Grille in Indian Rocks Beach, Florida. BT owns and operates one Dairy Queen location in Minnesota. Following its November 2021 public offering, the Company is seeking acquisitions within the restaurant industry.
关于BT Brands Restaurants Inc.:BT Brands Restaurants Inc.(“BT”)在北达科他州、南达科他州和明尼苏达州拥有并经营九家快餐汉堡时间餐厅。该公司在佛罗里达州的印第安岩海滩拥有Keegan海鲜烧烤店。英国电信在明尼苏达州拥有并运营一家奶制品皇后分店。在2021年11月公开募股后,该公司正在餐饮业寻求收购。
Forward-Looking Statements Disclaimer:
前瞻性声明免责声明:
This press release contains forward-looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the disruption to our business from the recent pandemic and its impact on our results of operations, financial condition, and prospects which may vary depending on government actions, customer behavior, the duration of staffing constraints at our restaurants, the uncertain nature of restaurant development plans and the ability to implement those plans and integrate new restaurants, delays in developing and opening new restaurants because of weather, local permitting or other reasons, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of the BT Brands' Annual Report on Form 10-K for the fiscal year ended January 3, 2022, filed with the SEC, and other filings with the SEC. BT Brands disclaims any obligation or duty to update or modify these forward-looking statements.
本新闻稿包含符合联邦证券法的前瞻性陈述。“打算”、“可能”、“相信”、“将”、“应该”、“预期”、“期望”、“寻求”以及类似的表达方式旨在识别前瞻性陈述。这些陈述涉及已知和未知的风险,可能导致公司的实际结果与前瞻性陈述中明示或暗示的结果大不相同。这些风险包括以下因素:最近的大流行对我们业务的干扰及其对我们运营结果、财务状况和前景的影响,这些因素可能会因政府行动、客户行为、我们餐厅员工限制的持续时间、餐厅发展计划的不确定性以及实施这些计划和整合新餐厅的能力而异、由于天气、当地许可或其他原因而推迟开发和开设新餐厅、竞争加剧、成本增加或生食产品短缺,以及在截至2022年1月3日的财政年度BT Brands年度报告Form 10-K中讨论的其他事项向美国证券交易委员会备案,以及其他向美国证券交易委员会备案。BT Brands不承担更新或修改这些前瞻性陈述的任何义务或义务。
SOURCE: BT Brands, Inc.
资料来源:英国电信品牌公司
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