For months, Giggles N’ Hugs, Inc. (OTC: GIGL) has been
making moves to better position itself for financial growth. Leveraging the
marketability of its innovative family-friendly restaurant and play center
concept, the company has garnered interest from both mall owners and
franchisees regarding both national and international expansion. In October,
GIGL gave the investment community some insight into this interest when it
announced that Westfield Corp. (OTC: WEFIF), one of the world’s leading
shopping center operators, had reached out to the company about expanding upon
their current partnership. According to Joey Parsi, founder and chief executive
officer of GIGL, interest from Westfield may be just the tip of the iceberg.
“With the unbelievable management team we now have in place,
and having one of the most unique concepts in the restaurant industry, as well
as the deals and opportunities we are getting from Westfield and all the other
major mall owners, we are ready to explode onto the national scene first with
multiple locations in some of the best properties in the country and ultimately
around the world,” Parsi stated in a news release.
Currently, GIGL owns and operates three locations in the
Greater Los Angeles area, including two locations in Westfield malls, but the
company has recently turned much of its attention toward expanding its
footprint around the country, especially along the West Coast. Earlier this
month, GIGL took a major step toward turning that goal into a reality when it
signed an agreement with New York-based Chardan Capital Markets, LLC. Under the
terms of this agreement, the boutique investment bank will introduce GIGL to
potential investors and business partners, advise and assist management in
preparing for presentations to financial sources and perform a wide variety of
financial advisory services.
This partnership is particularly interesting for GIGL’s
prospective shareholders, because Chardan specializes in providing a range of
investment services to micro-cap emerging growth companies. The bank has become
a leader in the securement of capital solutions for these companies, raising in
excess of $13 billion through more than 250 transactions.
“As we continue to grow and expand our reach in markets
throughout the country and the world, we look forward to working with Chardan
to assist in taking our company to the next level,” continued Parsi.
With a proven concept, mounting interest from some of the
world’s largest mall operators and a partnership with one of the country’s most
successful investment banks focused on servicing micro-cap companies, GIGL
could be on the cusp of a period of considerable growth. As the company seeks
to begin taking the necessary steps to uplist to a national exchange during
2016, GIGL is emerging as one of the hospitality sector’s most intriguing
investment options.
For more information, please visit www.gigglesnhugs.com
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