MELBOURNE BEACH, Fla.,
March 18, 2013 /PRNewswire/
-- Solanbridge Group, Inc. (OTC Pink: SLNX - News) is pleased
to announce that its wholly owned subsidiary, David's Steak and
Seafood Restaurant, an upscale steak house, has entered into a
letter of intent to purchase Pisano's Restaurant, located at 4445
Dixie Hwy NE in Palm Bay, Florida.
The letter of intent includes a 2 year lease with the option to
purchase all of the real estate and building at which Pisano's
operates. The Company plans on entering into a definitive agreement
after its 45 day due diligence period and changing the name of the
restaurant from Pisano's to David's On The River. Since the
real-estate is directly on the Indian River, the Company will have
several engineers surveying the property over the next 45 days in
order to confirm the buildings and lands integrity. Barring any
engineering setbacks, the Company plans to enter into a definitive
agreement within 45 days. The price for Pisano's is $1 million and the purchase is contingent on
funding, completion of due diligence and entry into a definitive
agreement.
The Company is set to change the name of its new location to
David's On The River after its 45 day due diligence period is
successful. David's On The River will also be updating its new
restaurant with the addition of decks on the outside of the
building to not only offer breath taking views of the Indian River
for customers outside but give its customers a classy and sleek new
look to the inside of its establishment. David's on the River will
offer every table inside and outside its establishment direct views
of the breath taking Indian River.
Pisano's has been operating out of its current location for 35
years and David's On The River wants to create a one of a kind
experience at its new one of a kind location.
"We are thrilled to secure such an amazing one of a kind
location that will give David's On The River an elegant
establishment that offers our customers a priceless view of the
beautiful Indian River," stated
David Green, CEO of Solanbridge
Group, Inc. "Pisano's has been operating out of this same location
for 35 extremely successful years and we are ecstatic to make
David's On The River one of our flagship restaurants as we continue
to pursue additional locations and acquisitions."
About Solanbridge Group, Inc: Solanbridge Group, Inc. is
an investment company and diversified holding company whose main
business is purchasing revenue generating foreign and domestic
private/public companies. Solanbridge Group is currently comprised
of two subsidiaries, David's Steak and Seafood and David's On The
River, which the Company signed a letter of intent that includes a
2 year lease with the option to purchase all of the real estate and
building at 4445 Dixie Hwy NE in Palm
Bay, Florida. The Company plans on entering into a
definitive agreement after its 45 day due diligence period. Since
the real-estate is directly on the Indian River, the Company will
have several engineers surveying the property over the next 45 days
in order to confirm the buildings and lands integrity. The price
for Pisano's is $1 million and the
purchase is contingent on funding, completion of due diligence and
entry into a definitive agreement.
David's Steak and Seafood is a classic, upscale steak house,
which presents fine dining in an atmosphere of timeless elegance,
offering guests the finest cuts of choice USDA meats, fresh
seafood, and much more. David's Steak and Seafood experience is all
about providing superior service and classically prepared cuisine
in a one of a kind setting.
Contact:
investor@davidssteakandseafood.com
SOURCE Solanbridge Group, Inc.
