FT. LAUDERDALE, FL--(Marketwired - August 25, 2015) - The Grilled Cheese Truck, Inc. (OTCQB: GRLD), an emerging growth public company capitalizing on opportunities within the burgeoning gourmet food truck sector, announced today the company has received the first next-generation truck pursuant to a right of first refusal for up to 100 purpose-built gourmet food trucks for The Grilled Cheese Truck. The announcement was made jointly by Robert Lee, Executive Chairman of The Grilled Cheese Truck and Mark Parkinson, President of American Food Truck Group, Tustin, California.
The first truck has been delivered pursuant to a Right of First Refusal agreement executed on August 21, 2015 which provides GCT the first right to take delivery of up to 100 trucks.
The R&D team at American Food Truck spent over twenty months in collaboration with The Grilled Cheese Truck staff to create a state-of-the-art coach. The team took a "bottoms up" strategy to create an advanced coach with considerations ranging from ergonomics and long term reliability to food economics and fuel economy. These new streamlined trucks are designed to replace an aging and potentially dangerous national American fleet of repurposed trucks, many of which are believed to be over fifteen years old according to industry data.
"These new trucks being built for The Grilled Cheese Truck are more streamlined and run on brand new American-made GMC chassis that offer a lower carbon footprint with higher fuel economy and flex fuel alternatives," stated Mr. Lee. "In addition, this platform is safer with features such as ABS brakes, airbags, greater visibility and belted seating for four providing unprecedented safety for food truck employees."
Mr. Parkinson noted, "These trucks are far more reliable and include the longest warranty in the industry of 5 years/50,000 miles. Moreover, these vehicles can be serviced by more than 1,800 authorized GMC service centers across the country."
About The Grilled Cheese Truck Inc.
The Grilled Cheese Truck, Inc. is an American entrepreneurial "emerging growth" company with a brand and menu that is widely followed within the Gourmet Food Truck space. The company currently operates and licenses grilled cheese food trucks in the Los Angeles, Tacoma and Phoenix areas and is rolling out into additional markets with the goal of becoming the largest operator in the gourmet food truck space. The Company is pursuing major "gates" of revenue while building significant market share in the gourmet food truck industry. The company and brand maintain a growing following of customers, social media followers and general media attention all attracted to The Grilled Cheese Truck's position in the rapidly growing industry. The Company is among the first movers seeking to consolidate the Gourmet Grilled Cheese space with an aggressive strategic growth plan that includes significant and accretive acquisitions. The company's business strategy includes The Grilled Cheese Truck offerings at stadiums, military bases, universities, casinos and related venues, festivals, motorsports, action sports, team sports, large outdoor events/concerts, large churches and schools. The Company seeks to franchise its Gourmet Grilled Cheese Trucks operations and intends to offer franchised grilled cheese trucks to Veterans, having invested significant time and resources over the last two years to develop a business model that creates jobs, business opportunities and support for Veterans. For more information about The Grilled Cheese Truck, Inc., please visit www.thegrilledcheesetruck.com.
Forward-Looking Statements
Statements in this press release and of the management or representatives of The Grilled Cheese Truck, Inc. (the "Company") in connection therewith that relate to beliefs, plans, objectives, goals, expectations, anticipations, intentions and future financial condition, results of operations or business performance constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on management's current expectations about future events. These statements can be identified by the fact that they do not relate strictly to historical or current facts, and by words such as "may," "could," "should," "would," "believe," "expect," "project," "anticipate," "estimate," "intend," "plan" or other similar words or expressions. Any or all of the forward-looking statements in this press release may turn out to be inaccurate or wrong. This can occur as a result of inaccurate assumptions or as a consequence of significant known or unknown risks and uncertainties. The Company addresses these risks in the "Risk Factors" section of its filings with the SEC. Because of these risks and uncertainties, the Company's actual results may differ materially from those that might be anticipated from its forward-looking statements. Therefore, you are cautioned not to place undue reliance on such forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.