Giggles N’ Hugs (OTCQB:GIGL) founder and CEO Joey Parsi
recently issued a letter to its patrons and other parties interested in
partnering with the company via investment.
The letter reads as follows:
As the founder and CEO of Giggles N’ Hugs, I would like to
personally thank all moms, dads, nannies, grandparents, aunts, uncles,
babysitters, friends, and caregivers for your continued loyalty and patronage.
With your support, we’ve grown from just an idea to a successful enterprise
with much excitement on the horizon.
Many of you already know we’re rated among the best family
and kid-friendly restaurants by Yelp, CitySearch and GoCityKids, and we’ve been
voted the #1 family restaurant, #1 birthday party place and #1 indoor play
space in Los Angeles by Nickelodeon.
We’re a regular stop for celebrity clientele and their
children and have garnered the attention of local and national press, with
coverage in The Wallstreet Journal, Los Angeles Times, People magazine, New
York Post, Bloomberg Businessweek, Entrepreneur, US Weekly, Fox News, ABC News,
Bloomberg and FOX Business channels, and many other major publications.
There’s a reason we’re receiving all of this attention.
We’ve created a unique, pioneering concept in the family-themed restaurant
industry, filling the unmet needs of many families like you seeking healthy
options when dining out with their children. We are redefining the concept that
brings together high-end, organic food with active, cutting-edge play and
entertainment.
Since our first location opened in Brentwood in 2008, we
have gone from one location with $600,000 in sales to a publicly held company (OTCQB:
GIGL) with three locations in the best premier malls in Los Angeles that for
2014 achieved a record $3.3 million in revenue, which was up 48% over our 2013
results. We expect to do even better this year and beyond.
Now we’re entering the next phase of our evolution as we
plan to take the Giggles N’ Hugs brand to many more locations across the
country. This is where you, our
customers, come in. Over the years, many of you have been asking us, how can we
become investors in Giggles N’ Hugs and participate in all the future growth of
the company? This is why I am writing you today.
In preparation for our expansion, we’ve taken some important
steps this year by further strengthening our management team with the addition
of Philip Gay as chief business development officer and John Kaufman as
interim-president. Having worked
together previously in their roles as CFO and COO respectively at California
Pizza Kitchen, where they helped grow the chain from two locations to more than
70 locations, Philip and John are incredible additions to our team and provide
a strong endorsement of our concept and long-term potential.
With the foundation in place, we’re currently moving forward
on plans to open more locations across the west coast. To fund our immediate expansion
goals, we’re in the final stages of preparation to launch a 506(c) offering to
raise $3 million in new capital. Just like we’ve done with our management team,
attracting the best-of-the-best, we’re pleased to report that we’ve signed an
engagement agreement with Westpark Capital, one of the premier investment banks
on Wall Street, to help us raise the needed capital for the company’s
expansion.
As stated above, over the years, many of you have been
asking us, how do I become an investor in Giggles N’ Hugs and participate in
its growth?”
If you are one of the many customers that loves Giggles N’
Hugs and has been constantly asking us how to invest in the company, we wanted
to share with you the opportunity do so as we are a publicly traded
company with our stock traded on
the Nasdaq OTCQB under the symbol ( GIGL ).
Simply call your financial advisor and or current broker or
log into their website and instruct them to buy shares in Giggles N’ Hugs for
you. It is no different than buying any other stock currently in your
portfolio. Again our symbol is ( GIGL ).
If you need any additional information about Giggles N’ Hugs
and its future growth or if you need help on how to buy our stock, you can
visit our investor page here or contact us directly at info@gigglesnhugs.com.
You will also find our corporate presentation here and a variety of videos
about us here .
This is your opportunity to be an owner of one of the most
unique restaurant concepts in the country and be a part of our growth. Give a share
of Giggles N Hugs to your kids and or grand kids. Our stock certificates are
really cool.
Ultimately, we think these investment highlights represent
great potential for return for each of our valued shareholders but we feel that
despite our proven success, our best days are still ahead.
I look forward to sharing even more successes with you in
the coming quarters.
Thank you for being a loyal valued customer or shareholder,
and we hope to see you again very soon.
Sincerely,
Joey Parsi
Founder/CEO
Giggles N’ Hugs
For more information visit www.gigglesnhugs.com
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