Papa Bello Retains Pastore Food Corp to Assist in Corporate Planning and Expansion
Papa Bello Enterprises, Inc. (Pink Sheets: PAPA) is pleased to announce that the company has hired Pastore Food Corp, of Baltimore, Maryland to assist the company in its corporate planning and growth process. Pastores will assist in managing franchise acquisition, management training, marketing and operational support for existing and future locations of Papa Bello franchises.
James Price, interim CEO of Papa Bello Enterprises states, "We are thrilled to be working with Pastores in this new capacity. Their management visited our Cleveland, TN store two years ago and was so impressed with the concept that they purchased the area development rights to Delaware, Pennsylvania and Washington DC. Their name, reputation and work ethic will give us a significant leg up in establishing the Papa Bello brand and identity in the eastern region."
Mr. Price continues, "It is the ultimate goal to have all Papa Bello locations owned solely by franchisees. This will allow Papa Bello to focus on streamlining its business and to attract new franchisees to accelerate its growth model. Over the past year, Papa Bello has taken many steps to help reduce internal and external operating costs, and it is our intention to continue on this path to profitability by either closing underperforming corporate owned locations or selling them to new franchisees. As the company makes its transition to new management we will continue to work with companies like Pastore Food Corp to help us penetrate the local economies and grow our company in the most efficient ways possible.
In accordance with the reorganization process, Papa Bello will be updating its website, and moving its corporate headquarters over the coming months. The website update will provide additional franchise information and restaurant information along with updated store locations and investor updates."
Logos, product and company names mentioned are the property of their respective owners.
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