This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Big Three Restaurants, Inc. Announces Immediate Short Term $1.5 Million Equity Raise Or Bridge Capital Funding

Stocks in this article: BTHR

ORLANDO, Fla., June 14, 2013 /PRNewswire/ -- Big Three Restaurants, Inc., (OTCPink: BTHR) announced today it has signed an agreement with VERA Group, LLC, which provides immediate equity or bridge financing of $1.5 million and debt, equity or a combination of both totaling an additional $10 million but not less than $5 million net for operating capital.



VERA Group will have first right of refusal on all future capital requirements, expansion and acquisition funding.  The agreement is for 12 months and is on a non-exclusive basis with three additional six month increments.

John V. Whitman, Jr., the Company's chief executive officer, said, "The Company is planning to launch its own restaurant brand.  Additional announcements will be fourth coming in the days ahead that will provide detail as to the new restaurant concept. The agreement with VERA Group, is one of the final major steps in successfully implementing our plan."

Wayne Colson, VERA Group founder and CEO, said, "We are all about new and innovative concepts. We seek out management with long term vision and the proven track record to successfully implement its plan. We do not take our commitments lightly and spent several months conducting research on Big Three, its management team and its new restaurant brand. We could not be more excited or engaged than we are with our new relationship with Big Three and John Whitman."

ABOUT THE COMPANY

The Company is a developmental stage enterprise planning acquisitions of profitable restaurant operations in three categories – respected franchise brands, upscale family dining and theme style restaurants. In addition the Company will seek businesses which have built a core business that can easily be duplicated in emerging markets throughout the Southeast.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs