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Focus Entertainment International Inc. has acquired American Restaurants LLC, a Nevada-based limited liability company, through a reverse merger transaction. As part of the acquisition, the company has changed its name to American Restaurant Holdings Inc. The company continues to trade under the symbol "FEIID."
American Restaurant Holdings Inc. is seeking to acquire stable cash flowing assets in the foodservice industry, according to a news release. It is focused on making acquisitions of quick-service restaurants, fast casual and casual restaurants, as well as wholesale-retail food manufacturing companies.
The company has identified a number of foodservice locations that are being offered for sale. A majority of these target acquisitions are located in Southern California.
"The successful completion of this transaction is a significant milestone for us. Our listing on the OTC will provide us with the ability to access new sources of capital with which to grow our company. In addition, it is expected to greatly enhance our visibility and market awareness," said Tim M. Betts, CEO of American Restaurant Holdings Inc.
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