News out on DCGR, volume starting to pick up.
DCGR International Holdings Inc.Announces Additional Acquisition for Mulberry Street Gourmet
MarketDivision
July 21, 1998 01:32 PM
BOCA RATON, Fla.--(BUSINESS WIRE)--July 21, 1998--DCGR International Holdings Inc. DCGR has
announced that the Mulberry Street Gourmet Market division has signed a letter of intent to acquire Sabatino's
Deli in Boca Raton.
Last year Sabatino's did 4 million in revenues. They have been at the same excellent location for 10 years.
As previously announced, DCGR International Holdings Inc. acquired the assets of Mulberry Street (formerly
Capi's Market), a themed gourmet food market/deli that is expected to do two million in revenues this year.
Construction on doubling the current size is expected to be completed by the first of October 1998. The
company plans to open 10 franchises throughout Florida over the next 18 months.
Don Platten, president of DCGR stated that, "The acquisition of Sabatino's feeds directly into DCGR's strategy
of consolidating a fragmented market to obtain a larger share."
The company has recently signed Lewis L. Koerner, Former VP of Nacpac home food services, to a one-year
contract. He is an executive with over 30 years of experience and will have complete overall responsibility for
the restructuring and development of corporate strategies to ensure a high quality of services in the gourmet
division.
Safe Harbor Act notice: This release may contain forward-looking statements that involve risks and
uncertainties, including, without limitation, acceptance of the company's products, increased levels of
competition, product and technological changes, the company's dependence upon financing and third party
suppliers and other risks detailed from time to time in the company's federal filings, annual report, offering
memorandum, or prospectus. Specifications are subject to change without notice. |
