US Highland Accelerates Corporate Growth with Acquisitions
PHOENIX, Ariz., June 26, 2018 (GLOBE NEWSWIRE) -- US Highland (OTC:UHLN), a franchise development company that builds and represents popular franchise concepts throughout the United States and International markets, is pleased to announce it has positioned itself for significant growth through continued strategic and dynamic acquisitions of assets. In March, US Highland acquired 100% of a health-conscious restaurant company, and previously this month the company announced the pending acquisition of Supreme Sweets, Inc. (“Supreme”), a producer of custom private label products for restaurant chains and grocery retailers.
The company also disclosed in May, that it will be changing its name to better reflect its current operations and targeted acquisitions. In addition, the company will utilize a new website, press release and social media outlets in order to increase transparency of our corporate growth.
In March 2018, the company announced that it had acquired 100% of a health-conscious, restaurant company which offers consumers a healthy diverse menu made with fresh organic ingredients everyday. The brand, also headquartered in Atlanta, Georgia is currently expanding across the Southeast. The chain provides consumers a healthy, diverse menu made with fresh organic ingredients every day. The brand offers a diverse menu from flatbread sandwiches, bowls, wraps, salads, and fresh proteins such as chicken, turkey, steak and falafel. All entrees are also available in pre-packaged “meal plans,” for take-out.
In June 2018, the company announced the pending acquisition of Supreme Sweets, Inc., a Toronto based commercial bakery that designs, produces and delivers custom private label products for restaurant chains and grocery retailers. Founded and managed by Mario and Barbara Parravano, Supreme Sweets brings over 70 years of experience in the food industry, encompassing the creation of unique product lines, designing manufacturing equipment and a business with over $25mm in revenue with 300 employees.
Supreme has established a strong customer base with national and international retailers. Their 38,000 sq. ft. facility has the capability to produce any mixed, fresh baked, par-baked, frozen, fried, extruded or cold-slabbed product. Upon the closing of the acquisition and infusion of capital, Supreme Sweets is expected to grow at an exponential rate to deliver value to the company and its shareholders.
Mario Parravano, President of Supreme Sweets commented, “We are very excited about becoming part of US Highland. We have nearly completed the due diligence process and expect to close the acquisition in the coming days. The acquisition / partnership will help us expand our business and open even more doors in our multi-billion dollar market!”
With additional acquisitions, both vertical and horizontal, on the horizon, Supreme will become an integral part to UHLN's long-term growth strategy. UHLN will capitalize on Supremes’ ability to cater to the fastest growing segment in the industry – health-focused quick service restaurants (QSRs). Product lines will continue to expand and already feature Gluten-free and low-calorie items.
The recently announced pending acquisition of Toronto-based Supreme Sweets, on the heels of the March acquisition, is an example of what US Highland CEO Everett Dickson has planned for the future. “The operators behind Supreme Sweets, Mario and Barbara Parravano, have combined over 70 years experience in the food industry, both retail and wholesale. This experience includes the creation of unique product lines, designing manufacturing equipment and a business with over $25mm in revenue with 300 employees. Supreme has been in operation since 2015, and they have established a strong customer base with national and international retailers. Their, soon to be our, 38,000 sq. ft. facility has the capability to produce any mixed, fresh baked, par-baked, frozen, fried, extruded or cold-slabbed product. The acquisition of Supreme is virtually complete. We are patiently waiting on the definitive agreements to be finalized and expect to close it soon. Our priority and commitment is to maintain clear and consistent communication with, and deliver value to, our shareholders.”
About US Highland, Inc.
US Highland, Inc. is a franchise development company that builds and represents popular franchise concepts throughout the United States as well as International markets, with an emphasis on food and wellness. Our management team selects up and coming concepts with substantial growth potential. With diminishing territory available to older franchise brands, we bring fresh innovative brands to consumers that have great potential. All of our brands are unique in nature by focusing on niche markets with untapped potential for development.
Safe Harbour Statement
This communication contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of US Highland, Inc and members of its management as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions.
The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information please contact:
Everett M. Dickson, CEO
3500 Lennox Road
Suite 1500
Atlanta, GA 30309
(404) 419-2253
