NEWS: New Financing, Investment Banker
STRATEGIC ASSETS FUNDS AMERICAN KIOSK'S PIZZA PLACE
Melville, NY, Investment Banking Firm Provides $300,000 Bridge Loan and
Leads Way to National Listing
PALM BEACH GARDENS, Fla., Oct. 22 /PRNewswire/ -- American Kiosk
Corporation (OTC Bulletin Board: AKIS) announced that Strategic Assets,
Inc. of Melville, New York (Member; NASD; SIPC) will provide the company
with investment banking services, including a completed $300,000 bridge
loan, and is arranging a $2 million debt financing for the company
subject to market conditions.
"After careful consideration of a number of funding offers and
opportunities, we have chosen Strategic Assets as our lead investment
banker," says Richard Michael, president of American Kiosk. "Strategic
has demonstrated a solid understanding of our needs and goals, and
possesses an excellent history of performance for both its investors and
the companies that it has represented."
Strategic also plans to assist the company in future private and public
offerings of its securities, identifying and completing acquisitions,
and achieving a listing of its securities on a major securities
exchange.
"American Kiosk offers a rare opportunity for investors to participate
in a company that is revolutionizing the fast food industry," said
Randall Appel, president of Strategic Assets. "The company's experienced
management has brought together several unique and powerful elements
that should provide strong growth and increasing shareholder value."
American Kiosk will use any funds arranged by Strategic for the
continued development and national introduction of its Pizza Place
restaurants and carts, and other unique fast food offerings.
The company has created a new market niche by keeping pizza delivery
simple and quick -- and for prospective franchise or retail operators, a
low entry point for start-up. The company's stand-alone and in-store
kiosks are capable of serving a fresh, brick oven-baked pizza to
drive-thru or walk-up customers in only 2.5 minutes.
The company's secret is a unique, patented oven that uses a space-age
cooking brick heated to 550 degrees, combined with forced air and a
precision- timed, grill element. The oven won "Best Overall New Product"
at the 1997 Restaurant and Food Service Show in New York.
Strategic Assets is a full service brokerage and investment banking
firm, and member of the National Association of Security Dealers (NASD).
The principal of Strategic Assets has served as director of various
companies and possesses extensive operational and business experience.
In an ever-changing market place, Strategic Assets endeavors to fulfill
the individual needs of its clients with timely and suitable investment
opportunities.
American Kiosk Corporation is involved in the development and
implementation of national-brand franchise systems of kiosk-style retail
outlets that deliver popular food products to consumers. For more
information on the company and Pizza Place franchise opportunities,
visit the American Kiosk/Pizza Place web site:
americankiosk.com .
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.
SOURCE American Kiosk Corporation
Contacts: Randall Appel, Strategic Assets, 516-249-5084
Richard Michael, American Kiosk: 561-627-9002, e-mail: amkiosk@aol.com
James Dryer, Public/Investor Relations, GFC Communications:
561-655-7575,
fax: 561-655-2171, e-mail: jamesdryer@aol.com.
Web site: americankiosk.com (AKIS)
CO: American Kiosk Corporation; Strategic Assets, Inc.
ST: Florida, New York IN: RST SU: FNC |
