CRHS Acquires Harry's Pacific Grill Restaurants
Pursuant to a Share Exchange Agreement, the Custom Restaurant & Hospitality Group, Inc. (OTCBB:CRHS) acquired all of the issued and outstanding membership interests of Rancho Cucamonga Harry's Pacific Grill, LLC, a California limited liability company and Temecula Harry's Pacific Grill, LLC, a California limited liability company.
CRHS exchanged 57% of its issued and outstanding common stock with Westmoore Investment, L.P., a California limited partnership and Westmoore Partners, Inc, a California corporation (collectively 'Westmoore') for the membership interests of HPG owed by Westmoore.
Robert Jennings, CEO of the CRHS stated: 'We are pleased to complete the acquisition, we believe that this acquisition will provide us with an opportunity to grow Harry's Pacific Grill and provide liquidity for our shareholders.'
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