MELBOURNE BEACH, Fla.,
March 25, 2013 /PRNewswire/
-- Solanbridge Group, Inc. (OTC.PK: SLNX) is pleased to
announce that its wholly owned subsidiary, David's Steak and
Seafood Restaurant, an upscale steak house, has secured a funding
source and engineering team to help complete its due diligence for
the property located at 4445 Dixie Hwy NE in Palm
Bay, Florida. The Company entered
into a letter of intent to purchase Paisano's Restaurant, located
at 4445 Dixie Hwy NE in Palm Bay,
Florida. The Company is still on target to enter into a
definitive agreement after its 45 day due diligence period and will
be changing the name of the restaurant from Paisano's to David's On
The River. The letter of intent includes a 2 year lease with the
option to purchase all of the real estate and building at which
Paisano's operates. Since the real-estate is directly on the
Indian River, the Company will have several engineers surveying the
property over the next three weeks in order to confirm the
buildings and lands integrity. Barring any engineering set backs,
the Company plans on entering into a definitive agreement within
its 45 day due diligence period.
Solanbridge's management team is on target to host the Grand
Opening of David's On The River on July
4, 2013.The price for the new property is $1 million and the purchase is contingent on the
completion of due diligence and entry into a definitive
agreement.
The Company will be updating its new restaurant with the
addition of decks on the outside of the building to not only offer
remarkable 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 Indian River.
Paisano'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 moving forward with our due diligence and
will do everything we can to enter into our definitive agreement
and open our new restaurant to the public on July 4th," stated
David Green, CEO of Solanbridge
Group, Inc. "We are continuing our efforts to locate additional
restaurant opportunities."
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.
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.
