This news was released this morning, what do you think ?
"Java Centrale Hires Firm to Develop Investment and Expansion Strategy"
SACRAMENTO, Calif., Feb. 24 /PRNewswire/ -- Java Centrale, Inc. (Nasdaq: JAVC) has engaged One Capital Corporation to assist the specialty coffee and gourmet food cafe company with its financing and expansion plans. One Capital is a private merchant banking and advisory group with offices in New York, Denver, and St. Petersburg, who specializes in the development of strategic business plans and the restructuring of debt and equity.
Specifically, One Capital will assist the Company in refinancing its outstanding debt, seeking financial partners for the development of franchising opportunities both domestically and internationally, and raising additional working capital for the Company's expansion plans.
Additionally, One Capital will be advising the Company on strengthening its investor relation efforts throughout the brokerage community. Gary Nelson, President and Chief Executive Officer, stated, "We are extremely pleased to be working with such a strong group to assist us in our financing and expansion plans."
There are currently a total of 52 Paradise Bakery & Cafes, of which 17 are Company-owned and 35 franchisees operating in the states of Arizona, California, Colorado, Hawaii, Oklahoma, Oregon, Texas and Washington. New Paradise Bakery & Cafe locations are scheduled to open in Sacramento, San Diego and San Mateo, California and Honolulu, Hawaii.
Java Centrale currently franchises 34 cafes and espresso carts nationwide, with new locations scheduled to open in Hermosa Beach, Long Beach, Placentia and Redondo Beach, California. In addition, there are numerous locations now in the site selection process across the United States. The Company is also pursuing international expansion and is currently negotiating to develop Java Centrale cafes throughout Korea.
SOURCE Java Centrale Inc.
-0- 02/24/97
/CONTACT: Steven J. Orlando, Chief Financial Officer of Java Centrale Inc., 916-568-2310/ |
