MELBOURNE BEACH, Fla.,
March 20, 2013 /PRNewswire/
-- Solanbridge Group, Inc. (OTC.PK: SLNX - News) is pleased to
announce that its management team has decided to move its corporate
offices to Atlanta, Georgia to
expand its operations to a larger market in the South East region.
Solanbridge's management has decided to begin the process of
franchising its upscale steakhouse and has decided Atlanta, GA is the most advantageous market to
begin the process. The Company will still have a strong presence in
the Florida area, but is looking
to expand its operations throughout the South East region.
The Company recently announced its subsidiary, David's Steak and
Seafood, 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.
"By opening new corporate restaurants outside of the
Brevard county area enables
David's Steak and Seafood the ability to expand its corporate owned
restaurants and to start a franchise operation. We are looking to
take David's into several 'A' markets and move the next level,"
stated David Green, CEO of
Solanbridge Group, Inc. "We will still keep our locations in
Florida and are very excited about
our new venture with David's On The River, which will remain one of
our flagship locations."
About Solanbridge Group, Inc:
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.
