BT Brands Acquires Founder’s Stake in Bagger Dave’s
BT Brands Acquires Founder’s Stake in Bagger Dave’s
WEST FARGO, ND / ACCESSWIRE / June 2, 2022 / BT Brands, Inc. (NASDAQ:BTBD and BTBDW), "BT Brands" operator of quick-service Burger Time restaurants, Keegan's Seafood Grille and Pie in the Sky Bakery and Coffee businesses, announced today that it had acquired 11,095,085 common shares representing 41.4% of Bagger Dave's Burger Tavern, Inc. ("Bagger Dave's") () for $1,260,000, approximately $.114 per share. Prior to completing the purchase of shares from Michael Ansley, founder and CEO of Bagger Dave's, agreed to cancel all voting preferred shares. In addition, upon closing, the current Bagger Dave's directors, including Mr. Ansley, resigned from the Company, and its Board of Directors and representatives of BT Brands are assuming those positions.
北达科他州西法戈/ACCESSWIRE /2022 年 6 月 2 日/ BT Brands, Inc.（纳斯达克股票代码：BTBD和BTBDW）是汉堡时代快餐店、Keegan's Seafood Grille and Pie 在Sky Bakery和Coffee业务中的Keegan's Seafood Grille and Pie的 “英国电信品牌” 运营商，该公司今天宣布，它已以126万美元，每股约0.114美元收购了11,095,085股普通股，占Bagger Dave's Burger Tavern, Inc.（“Bagger Dave's”）的41.4％（）。在完成对Bagger's创始人兼首席执行官迈克尔·安斯利的股票购买之前，戴夫同意取消所有有表决权的优先股。此外，收盘后，现任Bagger Dave的董事，包括安斯利先生，辞去了公司的职务，其董事会和英国电信品牌的代表将担任这些职务。
Bagger Dave's Burger Tavern, Inc. owns and operates Bagger Dave's, a casual restaurant and bar concept. Bagger Dave's provides a warm, inviting, and entertaining atmosphere through a friendly and memorable guest experience. Bagger Dave's specializes in locally sourced, never-frozen prime rib recipe burgers, all-natural lean turkey burgers, hand-cut fries, locally crafted beers on draft, milkshakes, salads, black bean turkey chili, pizza and much more all delivered in a warm atmosphere with friendly service. The concept built around providing a fresh food offering opened its first restaurant in January 2008 in Berkley, Michigan. There are currently six Bagger Dave's restaurants, including four in Michigan, one in Ft. Wayne, Indiana and one in Centerville, Ohio.
Bagger Dave's Burger Tavern, Inc. 拥有并经营 Bagger Dave's，这是一家休闲餐厅和酒吧概念。Bagger Dave's 通过友好而难忘的宾客体验提供温暖、温馨和有趣的氛围。Bagger Dave's 专门供应当地采购、从未冷冻的优质肋骨食谱汉堡、全天然瘦火鸡汉堡、手工切制的薯条、当地手工制作的生啤酒、奶昔、沙拉、黑豆火鸡辣椒、披萨等等，所有这些都是在温暖的气氛中提供友好的服务。这个概念以提供新鲜食物为中心，于 2008 年 1 月在密歇根州伯克利开设了第一家餐厅。Bagger Dave 目前有六家餐厅，其中四家位于密歇根州，一家位于福特。印第安纳州的韦恩和俄亥俄州森特维尔的一个。
Gary Copperud, BT Brands' Chief Executive Officer, said, "Our Bagger Dave's investment allows BT Brands to immediately expand in the casual dining market with six restaurants generating a positive cash flow. At one time, Bagger Dave's had operated a total of 26 locations; the remaining six units represent a solid core that has been refined over the years. In addition, the Company has approximately $1.9 million in cash available for opportunities. We are confident that both BT Brands and the remaining Bagger Dave's shareholders will benefit from the transaction." Michael Ansley added, "the involvement of BT Brands as a shareholder assuming an active role is a positive for Bagger Dave's shareholders as our management team has worked hard to position Bagger Dave's to pursue new opportunities and now is an appropriate time and this is the focus of BT Brands."
英国电信品牌首席执行官加里·科珀鲁德表示：“我们的Bagger Dave的投资使英国电信品牌能够立即在休闲餐饮市场扩张，六家餐厅产生了正现金流。Bagger Dave's 曾一度运营过 26 个地点；其余的 6 个单位代表了多年来不断完善的坚实核心。此外，该公司还有大约190万美元的现金可用于机会。我们相信，英国电信品牌和Bagger Dave的其余股东都将从这笔交易中受益。”迈克尔·安斯利补充说：“英国电信品牌作为股东参与发挥积极作用对Bagger Dave的股东来说是积极的，因为我们的管理团队一直在努力为Bagger Dave's寻找新的机会做好准备，现在是合适的时机，这是英国电信品牌关注的焦点。”
About BT Brands, Inc.: BT Brands, Inc. (BTBD and BTBDW) owns and operates a fast-food restaurant chain called Burger Time with locations in North and South Dakota and Minnesota. The Company recently acquired Keegan Seafood Grille near Clearwater, Florida area and Pie In the Sky Coffee and Bakery in Woods Hole, Massachusetts. BT Brands is seeking acquisitions within the restaurant industry.
关于 BT Brands, Inc.： 英国电信品牌公司（BTBD和BTBDW）拥有并经营一家名为Burger Time的快餐连锁店，其分店位于北达科他州、南达科他州和明尼苏达州。该公司最近收购了佛罗里达州克利尔沃特附近的Keegan Seafood Grille和位于马萨诸塞州伍兹霍尔的Pie In the Sky Coffee英国电信品牌正在餐饮业寻求收购。
About Bagger Dave's Burger Tavern, Inc.: Bagger Dave's (OTC Markets Pink Sheets:BDVB) owns and operates the Bagger Dave's restaurant and bar concept. The first Bagger Dave's restaurant opened in January 2008 in Berkley, Michigan. The Company currently operates six Bagger Dave's restaurants, including four in Michigan, one in Ft. Wayne, Indiana and one in Centerville, Ohio.
关于 Bagger Dave's Burger Tavern, Inc.： Bagger Dave's（OTC Markets Pink Sheets: BDVB）拥有并经营 Bagger Dave 的餐厅和酒吧概念。第一家 Bagger Dave 餐厅于 2008 年 1 月在密歇根州伯克利开业。该公司目前经营着六家 Bagger Dave 的餐厅，其中四家位于密歇根州，一家位于福特。印第安纳州的韦恩和俄亥俄州森特维尔的一个。
Forward-Looking Statements Disclaimer:
前瞻性陈述免责声明：
This press release contains forward-looking statements within the meaning of federal securities laws. The words "intend," "may," "believe," "will," "should," "anticipate," "expect," "seek," and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, which may cause the Company's actual results to differ materially from results expressed or implied by the forward-looking statements. These risks include such factors as the disruption to our business from the recent pandemic and the impact on our results of operations, financial condition, and the impact of federal, state, and local government actions and customer behavior in response to the pandemic and its aftermath, the impact and duration of staffing constraints at our restaurants, increased competition, cost increases or shortages in raw food products, and other matters discussed under the Risk Factors section of the BT Brands' Annual Report on Form 10-K for the fiscal year ended January 2, 2022, filed with the SEC, and other filings with the SEC. BT Brands disclaims any obligation or duty to update or modify these forward-looking statements.
本新闻稿包含联邦证券法所指的前瞻性陈述。“打算”、“可能”、“相信”、“将”、“应该”、“预期”、“期望”、“寻求” 等词语旨在识别前瞻性陈述。这些陈述涉及已知和未知的风险，这可能导致公司的实际业绩与前瞻性陈述所表达或暗示的结果存在重大差异。这些风险包括最近的疫情对我们的业务造成干扰，对我们的经营业绩、财务状况的影响，以及联邦、州和地方政府为应对疫情及其后果而采取的行动和客户行为的影响，我们餐厅人员配备限制的影响和持续时间，竞争加剧，成本增加或生食产品短缺，以及英国电信品牌10-K表年度报告风险因素部分讨论的其他事项截至1月2日的财政年度，2022 年，向美国证券交易委员会提交，并向美国证券交易委员会提交其他文件。BT Brands不承担任何更新或修改这些前瞻性陈述的义务或义务。
CONTACT FOR FURTHER INFORMATION:
如需更多信息，请联系：
KENNETH BRIMMER 612-229-8811
KENNETH BRIMMER 612-229-8811
SOURCE: BT Brands, Inc.
来源： 英国电信品牌公司
译文内容由第三方软件翻译。