News: Pizza Place Announces Board Changes
This is the first of several announcements as I mentioned earlier,
Note new IR at bottom.
PR Newswire - December 02, 1998 10:23
PALM BEACH GARDENS, Fla., Dec. 2 /PRNewswire/ -- American Kiosk Corporation (OTC Bulletin Board: AKIS) announced changes to its Board
of Directors, the creation of an Advisory Board and completion of a $300,000
bridge loan.
In making the announcements, Richard J. Michael, American Kiosk Chairman, said,
"The changes to our Board of Directors and the creation of an Advisory Board
will greatly enhance our ability to raise capital."
Changes to the Board of Directors include the appointment of Larry E. Graybill
and Randall S. Appel to replace Michael M. Morgan, Sr. and Robert Frasier on the
Board of Directors. Larry Graybill has served as the company's chief financial
officer since joining the company in June 1998. Randall Appel is the sole
officer, director, shareholder and compliance officer of Strategic Assets, Inc.,
an NASD-registered broker-dealer in Melville, New York. He also arranged the
$300,000 bridge loan.
Mr. Michael said, "We look forward to having these men on our Board; both have
extensive experience in raising capital for growing companies like ours."
Continuing, Mr. Michael said, "In addition to serving on our Board of Directors,
Appel will act as an investment banking advisor, which we expect will ensure our
working capital and business expansion needs."
The new Advisory Board is composed of Carl Tasch, President of Siegmeister Sales
and Service, Inc.; Phil Arvidson, retired President of Pepsi-Cola Bottling
Company of Martin, Palm Beach and Broward Counties; Colin Wright, President of
PGA Resorts Company; and Ronald L. McDonald, consultant to the food industry and
author of several books including: "The Complete Hamburger" and "Ronald
McDonald's Franchise Buyer and Supply Guide."
The four Advisory Board members are also nominees to the Board of Directors and
will be voted upon when the seats become available. Future Advisory Board
appointments may include high-profile business leaders, industry experts and
celebrities that can help the company achieve its goals.
American Kiosk Corporation, headquartered in Palm Beach Gardens, does business
under the name Pizza Place. The company is engaged in the development and
implementation of national-brand franchise systems using kiosk-style retail
outlets. Its franchises sell brick oven baked pizzas through the company's
innovative drive-thru kiosks, which can deliver hot pizza in only 2 1/2 minutes.
American Kiosk's stock is traded on the OTC Bulletin Board under the symbol
AKIS.
SOURCE American Kiosk Corporation
americankiosk.com
CONTACT: Mark Wing, ProMark Financial Services, for American Kiosk
Corporation, 800-955-7540 - promarkfin.com
(AKIS) |
