CTR Investments & Consulting, Inc. (CIVX) Acquires Coke
Torrance, Calif., May 18, 2022 (GLOBE NEWSWIRE) — CTR Investments & Consulting, Inc. (OTC: CIVX) (“CIVX”), an OTC market company and Coke Hunter Hospitality Group, Inc. (Coke Hunter) announce the Agreement for a business combination, where CTR Investments becomes the holding company of Coke Hunter Hospitality Group, Inc., and all of its restaurants and subsidiaries.
Coke Hunter is involved in Travel Centers/Gas Stations/Convenience Stores and Casual Dining/Fast Food Spaces. Coke Hunter is controlled by 1780 Management Group, Inc. (“1780 MANAGEMENT”), a travel center/gas station/convenience store and casual dining/fast food restaurant based in Jefferson, Georgia.
anticipated Evaluation & Foreseen Operations
CTR Investments will continue to seek further acquisitions in other non-Food & Beverage industries/sectors.
The company operates both national brand franchises and its own proprietary brands. Its future growth will focus primarily on its own brands, although it will continue to operate and grow national brands within its space as the opportunity arises. Senior management has been in this line of business for over 25 years.
CTR Investments & Consultants, Inc. (CTR) revenue will be built in the hospitality segment with fast food restaurants in the casual fast food space. Two WAYBACK Burgers restaurants will be acquired first, one with 100% ownership and the other with 40% ownership. Following this initial acquisition, three additional restaurants currently under contract will be acquired. One is a national branded fast-casual restaurant concept, and the other two are restaurants under the “HOT WINGS” brand in the menu space of chicken wings and tenders.
We will also acquire travel centers/gas stations and convenience stores offering fast casual dining.
Projected revenues over the next 24 months will be in the range of $20,000,000.00 and above. It is expected that each fast casual restaurant will contribute approximately $750,000.00 to $1,500,000.00 in gross revenue per year. Projected revenues for our travel centers/convenience stores may be in the range of $2,000,000.00 to $4,000,000.00 per location, per year.
There is no limit to the number of units we plan to deploy over the next 24-48 months. Our projected plan is to roll at least 15 to 20 units as long as we have enough capital to acquire and develop locations.
Summary of Transaction
The transaction has been approved by the Board of Directors and senior management of CTR Investments & Consulting, Inc. and 1780 Management Group, Inc., and is expected to close in the second quarter of 2022, subject to shareholder approval. of CTR Investments and the satisfaction or waiver of customary closing conditions identified in the Business Combination Agreement (“SPA”).
CTR and 1780 Management have agreed in the business combination agreement to take all necessary steps to cause the board of directors of the combined companies to approve the new board slate which will immediately include at least two independent directors, in order to to meet the OTCIQ requirement upgrade request.
President and CEO
Alpha Advocate Law Group PC. is acting as legal counsel to the CTR in connection with this transaction.
On 1780 Management
The Company operates both national brand franchise brands and the Company’s own proprietary brands. Its future growth will be primarily through its own brands, although it will continue to operate and grow national brands within its space as the opportunity arises.
On CTR Investments & Consultant, Inc.
CTR Investments & Consulting, Inc., a Nevada corporation, was incorporated on October 22, 1999 under the laws of the State of Nevada.
For more information about the company, please visit:
OTC Markets Profile: https://www.otcmarkets.com/stock/CIVX/profile
Safe Harbor Statement:
In addition to historical information, this press release may contain statements that 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. in this press release include the intention, belief or expectations of the Company and members of its management team regarding the future business activities of the Company and the assumptions on which such statements are based. Potential investors are cautioned that these 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 these forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to achieve anticipated sales during negotiation, lack of revenue growth, customer dropouts, failure to achieve improvements performance, efficiency and profitability, and adverse developments in litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock . Additional Factors Which May Cause Actual Results to Vary.