Latitude 360 combines premier upscale casual dining with
state-of-the-art entertainment to create cutting-edge destinations that appeal
to a broad base of consumers and corporate clients. The company currently owns
and operates three award-winning venues in Jacksonville, FL; Pittsburgh, PA;
and Indianapolis, IN, and it plans to open an additional location in Albany, NY
in the coming months. Patrons at Latitude 360 locations have access to a wide
variety of dining and entertainment options – including the 360 Grille, the
AXIS Bar & Stage, a bowling alley, a game room, an HD sports theater and a
dine-in live performance theater.
In recent weeks, Latitude has taken steps toward expanding
upon its proven entertainment formula through the planned acquisition of Major
League Fantasy, the first and only daily fantasy product with a
fully-integrated social network. When completed, this acquisition would give
Latitude a platform upon which to establish a strong position in the daily
fantasy gaming industry, which is expected to be a $10 billion market by the
end of 2016.
“With the potential acquisition of Major League Fantasy,
we’re excited to incorporate the best fantasy sports experience into Latitude
360’s unmatched entertainment and dining experience,” Brent Brown, chief
executive officer of Latitude 360, stated in a news release. “We at Latitude
360 see it as something our sports fan patrons will definitely enjoy… and our
HD sports theaters are a perfect venue for the ‘360 Fantasy LIVE’ daily fantasy
sports experience.”
In the first quarter of 2015, Latitude successfully
leveraged the marketability of its entertainment destinations to record strong
financial results. The company’s gross sales for the period were $6.4 million,
which was a 19 percent year-over-year improvement. Additionally, Latitude
realized a 4.4 percent increase in net sales, as compared to the first quarter
of 2014. These results were bolstered by the company’s entry into the
international market, as it signed an international franchise agreement to
license its concept for a new location in Qatar.
Moving forward, Latitude will look to continue building on
its recent industry growth in order to promote sustainable returns in the
future. As the company continues to add revenue through the sale of premium
memberships to its locations, it is in a strong position to capitalize on the
overall stability of the restaurant industry. For prospective shareholders,
Latitude’s recent performance makes it a viable investment option that offers
the possibility of tremendous upside for the foreseeable future.
For more information, visit www.latitude360.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment