WILLISTON, FLORIDA / ACCESSWIRE / April 16, 2014 / DIXI Foods International, Inc. (OTC: DIXI) has signed a definitive agreement to acquire all of the assets and business of KCI Investments, LLC.
KCI builds and operates a growing, multi-brand chain of fast casual restaurants, currently under two franchise brands: Capriotti’s Sandwich Shops and Papa John’s (Papa John’s International: NASDAQ: PZZA). Headquartered in Las Vegas, Nevada and incorporated in 2004, KCI currently:
1. Operates 12 franchised Capriotti’s Sandwich Shops in: Clark County, Nevada; Dallas/Fort Worth; Texas and four counties in Southern California, and
2. Has seven additional Capriotti’s locations in development.
KCI currently has exclusive development areas for Capriotti's Sandwich Shops in all of Dallas/Fort Worth and its Southern California markets (Orange County, San Diego County and parts of Los Angeles County), and also has the exclusive rights to develop Papa John's in trade areas stretching from Fresno to north of Sacramento, California.
DIXI, a Florida corporation, currently is a development stage company founded in 2010 and headquartered in Williston, Florida.
Under the terms of the definitive agreement, KCI will receive approximately 96% of the shares of Dixie Foods International, Inc. to be outstanding after the acquisition. The acquisition is subject to various closing conditions. The two companies anticipate consummating this transaction in approximately 30 to 45 days.
For information contact:
Richard Groberg - CFOKCI Investments, LLC [email protected]
Robert Jordon - CEODIXI Foods International, Inc.[email protected]
This press release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events and similar expressions. Forward-looking statements may be identified by use of words such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” or “potential” or similar words or phrases which are predictions of or indicate future events or trends. Statements such as those concerning potential consummation of the KCI acquisition, other plans and objectives for future operations are based on DIXI’s current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Any of these statements could prove to be inaccurate and actual events or investments and results of operations could differ materially from those expressed or implied, including the ability of DIXI to consummate the KCI acquisition. To the extent that DIXI’s assumptions differ from actual results, DIXI’s ability to meet such forward-looking statements may be significantly and negatively impacted. You are cautioned not to place undue reliance on any forward-looking statements and DIXI disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, future events or other changes. Please refer to DIXI’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) for the fiscal year ended August 31, 2013 and subsequently filed SEC reports for further information.
SOURCE: DIXI Foods International, Inc.