Amergent Hospitality Group: Amergent Hospitality Issues 2021 First Quarter Update
CHARLOTTE, NC / ACCESSWIRE / May 25, 2021 / Amergent Hospitality Group (OTCQB:AMHG) ("Amergent" or the "Company"), owner, operator and franchisor of multiple nationally-recognized restaurant brands, today provided the following corporate update covering its fiscal year 2021 first quarter performance
Amergent Hospitality Group's President, Fred Glick, stated, "While 2020 was an operationally challenging year, we are very pleased with our first quarter 2021 results, highlights of which include progress on virtually all fronts of our operations. We expect to soon compliment our own organic growth with multiple potential complimentary acquisitions."
CEO Mike Pruitt continued, "Due to Covid-19's effect on the restaurant industry, we found ourselves in a highly unique and opportunistic position of being able seek to acquire additional quality assets at attractive valuations. We are focused on assets whose value can be unlocked inside of our public platform and which will result in greater scale and synergies. In recent weeks, we have entered into multiple preliminary non-binding Letters of Intent ("LOI's) with the assistance of our advisor Mastodon Ventures. We look forward to potentially entering into definitive agreements and announcing our M&A pipeline during the remainder of 2021.