American Restaurant Concepts, Inc. (OTCBB: ANPZ), the operator and franchisor of America’s award-winning Dick’s Wings(®) restaurants, announced today that Fred Alexander has been appointed to the Company’s Board of Directors to help lead the operational improvements and forward growth strategies for the Company.
Mr. Alexander is an accomplished business executive who currently serves as the Vice President of Business Development for Blue Victory Holdings, Inc. At Blue Victory, Mr. Alexander is responsible for the identification, acquisition and financing of branded restaurants. He also has more than 30 years of experience identifying, acquiring, developing and rehabilitating a variety of real estate assets including apartment buildings, condominiums and shopping centers.
Mr. Alexander played a pivotal role in identifying American Restaurant Concepts as a synergistic and complementary business partner for Blue Victory Holdings. He was also responsible for conducting extensive due diligence on American Restaurant Concepts and assisting in the negotiation and completion of the recently announced stock transaction between Michael Rosenberger, CEO of American Restaurant Concepts, and William Leopold, a successful money manager and private investor. As previously announced, Mr. Leopold purchased 15,530,000 shares of American Restaurant Concepts from Mr. Rosenberger, representing 41.7% of the Company’s outstanding shares of common stock. Mr. Rosenberger retained beneficial ownership of 4,573,000 shares, representing 12.3% of the Company’s outstanding shares of common stock. As a result of his involvement in the transaction, Mr. Alexander gained extensive knowledge of American Restaurant Concepts’ operations, which will enable him to have an immediate, beneficial impact on the growth of the Company moving forward.
“I am very pleased that Fred has joined our Board of Directors,” stated Michael Rosenberger, CEO of American Restaurant Concepts. “He is a talented businessman with extensive transactional and operational experience identifying and rehabilitating undervalued assets. He has a substantial number of connections within the branded restaurant industry, which we believe will yield positive results for American Restaurant Concepts as we continue to execute upon our growth strategy.”
“I am delighted to join the Board of Directors of American Restaurant Concepts and have the opportunity to contribute to the success of the Company,” Mr. Alexander said. “Michael and I will be committed to the same goals going forward, as we continue to strengthen the Dick’s Wings(®) restaurant franchise by building it into a unique national brand. I believe my experience will be a valuable resource for the Company and look forward to leveraging my skills and experience to help American Restaurant Concepts succeed.”