DALLAS, Aug. 23, 2006 (PRIMEZONE) -- The Great American Food Chain, Inc. (Pink Sheets:GAMN), a restaurant holding company and concept developer, announced today that it has retained Turner Stone & Company, LLP as its auditors and Godwin, Pappas, Langley, Ronquillo, LLP as its corporate legal counsel.
This marks the Great American Food Chain's first step in its pursuit of becoming a fully reporting company, which it believes to be paramount for future success.
Edward Sigmond, CEO of GAMN is quoted as saying, "The future of the company depends on our ability to have access to capital markets, the respect of institutional investors, and the ability to pursue quality acquisitions. These endeavors rely heavily on our need to become compliant with Sarbanes-Oxley and provide investors with greater liquidity through eligibility for OTC Bulletin Board or exchange trading. We are pleased to have retained two of Dallas' most respected firms to assist in this endeavor."
About The Great American Food Chain, Inc.
The Great American Food Chain, Inc. is a restaurant holding company specializing in the development and expansion of proven independent restaurant concepts into multi-unit locations through corporate owned stores, licensing, and franchising opportunities. The Great American Food Chain currently owns two concepts, Kokopelli Fresh Mexican Grill, and Spikes Boneyard Grill, and is finalizing a licensing agreement with a third concept. GAMN is located in Dallas, Texas. For more information about The Great American Food Chain, see http://www.thegreatamericanfoodchain.com. Information on our website is not part of this press release.
Information about Godwin Pappas may be found at the website: http://godwinpappas.com
Information about Turner Stone & Co. may be found at the website: http://turnerstone.com
Forward-Looking Statements
Any statements in this press release about The Great American Food Chain's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," "forecast," "could," and "would." There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of restaurant concepts, protection of the Company's intellectual property, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports. The Great American Food Chain claims the protection of the safe harbor for forward-looking statements under the Act and assumes no obligation and expressly disclaims any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.