JACKSONVILLE, Fla., Aug. 14, 2017 /PRNewswire/ — ARC Group, Inc. (OTC: ARCK), the owner, operator and franchisor of the award-winning Dick’s Wings & Grill® concept, announced today that it has enlisted Maxim Group LLC, a leading investment banking, securities, and investment management firm, to provide strategic corporate planning and investment banking services to the company. Maxim will focus on assisting ARC Group in its strategies for maximizing shareholder value through its full scope of investment banking services.
Of the partnership, Richard Akam, Chief Executive Officer of ARC Group, stated, “We are very pleased to have partnered with Maxim Group. Maxim is a well-established investment banking firm with very strong and diverse M&A and capital-raising capabilities. Maxim’s M&A and financing resources, combined with its ability to assist us on the strategic advisory front, will benefit us greatly with the successful and efficient execution of our strategic growth plan.”
“We are seeking to grow aggressively through the continued growth and development of our legacy Dick’s Wings® brand, as well as through the acquisition of ownership interests and assets of other leading restaurant brands offering us product and geographic diversification,” added Seenu G. Kasturi, President and Chief Financial Officer of ARC Group. “Maxim’s M&A network, and their financing capabilities in particular, will open up new doors for ARC Group to take advantage of the numerous growth opportunities that are presenting themselves to us. I am very excited to work with Maxim as a key partner of our company.”
Managing Director of Maxim Group, Ritesh Veera commented, “We are delighted to partner with ARC Group, Inc. in the financial and value creation components of its corporate strategy through our full-service investment banking capabilities. We are looking forward to working with ARC Group to assist with strategic planning, financing, developing strategic partnerships, and introducing the company to the investment community.”
About Maxim Group LLC
Maxim Group LLC is a leading full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed income and derivative sales & trading, equity research and prime brokerage services to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority (FINRA), Securities Insurance Protection Corporation (SIPC), NASDAQ Stock Market and NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.
About ARC Group, Inc.
ARC Group, Inc., headquartered in Jacksonville, Florida, is the owner, operator and franchisor of the Dick’s Wings & Grill concept. Now in its 20th year of operation, Dick’s Wings prides itself on its award-winning chicken wings, hog wings and duck wings spun in its signature sauces and seasonings. It also offers its own proprietary line of craft beers under the name “Dick’s Craft Beers”. Dick’s Wings has 17 restaurants in Florida and five restaurants in Georgia. It also has two concession stands at EverBank Field, home of the NFL’s Jacksonville Jaguars. To learn more about ARC Group, visit www.arcgrpinc.com.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the Company’s future financial position, business strategy, plans and objectives, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and its other filings and submissions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements.
SOURCE ARC Group, Inc.