MILLER PLACE, N.Y., March 6, 2006 (PRIMEZONE) -- Rockelle Corporation (OTCBB:RKLC), a franchiser, developer, owner and operator of specialty food restaurant concepts and cafes, announced today that the Company has completed a financing agreement for $2,000,000 with private investors.
This funding enables Rockelle to immediately begin the build-out of its first round of new franchise locations. The terms and details of the funding will be included in the appropriate registration filing, to be completed without delay.
Gerard Stephan, CEO and Founder of Rockelle Corporation said, "This initial funding allows us to begin building new locations as well as accelerate other locations that have already begun. Franchise locations in our initial expansion phase include selected sites within existing locations of one of the world's largest retailers."
Rockelle anticipates using these first franchise locations as a launching pad into many others in 2006-2007. Mr. Stephan further stated, "With this initial expansion now underway, and with our plan to accelerate the number of specialty franchise locations in 2006 and over the next few years, we have every confidence in our firm's ability to grow our revenues and profits, ultimately increasing our shareholder's value."
Forward-Looking Statements
Statements released by Rockelle Corporation that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.