June 11, 2014
/PRNewswire/ -- DIXI Foods International, Inc. (OTC: DIXI) has acquired KCI Investments, LLC. KCI builds and operates a growing, multi-brand chain of fast casual restaurants, currently under two franchise brands:
Capriotti's Sandwich Shops
Papa John's International: NASDAQ:
Las Vegas, Nevada
and incorporated in 2004, KCI currently:
- operates 12 franchised Capriotti's Sandwich Shops in: Clark County, Nevada; Dallas/Fort Worth; Texas and four counties in Southern California, and
- has numerous additional Capriotti's and Papa John's locations in various stages of development.
KCI currently has exclusive development areas for Capriotti's Sandwich Shops in all of
San Diego County
and parts of
Los Angeles County
), and is committed per various franchise agreements to build 99 locations. KCI and also has the exclusive rights to develop Papa John's in trade areas stretching from
to north of
, and is committed per its agreement with Papa John's to build 24 locations over a two-year period.
Additionally, KCI Investments recently signed an agreement in principal with celebrity chef
to jointly develop, open and operate various restaurant and other food-service concepts. Stratta was the first "Iron Chef", having played the role of Iron Chef Italian on the television show Iron Chef
, and has been nicknamed the "Italian Scallion". KCI Investments anticipates opening the first of three different restaurant concepts within the next year, and also anticipates expanding such concepts in the future with KCI Investments as the operator or the franchisor.
corporation, currently is a development stage company founded in 2010 and headquartered in
Under the terms of the acquisition, KCI's owner, KCI Holding I LLC, received 96% of the shares of Dixie Foods International, Inc. outstanding after the acquisition. DIXI now has 42,514,976 shares outstanding.