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Wednesday September 2, 12:41 pm Eastern Time
Company Press Release
SOURCE: Fresh'n Lite, Inc.
Fresh'n Lite, Inc. Announces Build to Suit Financing Commitment
LONGVIEW, Texas, Sept. 2 /PRNewswire/ -- Fresh'n Lite, Inc. (OTC Bulletin Board: FLTT - news) announced today that Mid States Realty, L.L.C. has provided a
letter of commitment to provide all the necessary capital and financing to build to suit a number of Street Talk Cafe restaurants in the greater Dallas/Ft. Worth
metroplex.
Henry Leonard, President of the company stated: ''We are extremely pleased to be able to team up with Mid States Realty, L.L.C. They are an experienced provider
for restaurant funding and we look forward to partnering with them on our Dallas expansion.''
In addition to the above stated commitment Mid States Realty, L.L.C. will furnish additional capital for equipment purchases and finish out of new facilities.
Curtis A. Swanson, Chief Financial Officer stated: ''This development along with the previously announced funding measures positions us to expand the Street Talk
Cafe concept at an increased rate of growth.''
Additionally the company announced today that it anticipates the conversion of its Colony facility from the Fresh'n Lite Cafe to the new Street Talk Cafe concept to be
completed by early October.
Mr. Leonard further stated, ''With the opening of the Colony Street Talk Cafe the company will have a total of three new Street Talk Cafes open in the Dallas market
and is achieving critical mass necessary for cost efficient broadcast advertising.''
Fresh'n Lite, Inc. is the developer and operator of the Street Talk Cafe and Fresh'n Lite Cafe & Grill concepts, both are full service casual dining concepts featuring
over 100 choices of low fat and non-fat menu items without compromising taste, service, or atmosphere.
This press release contains forward looking statements, which are generally preceded by words such as ''expects'', ''anticipates'', or ''intends''. Such statements are
subject to risks and uncertainties, including but not limited to competitive conditions, weather, real estate zoning and permitting complications, and general conditions in
the restaurant market.
For further information contact Curtis A. Swanson, Chief Financial Officer at 1-800-259-2675.
SOURCE: Fresh'n Lite, Inc.
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