GRLT Grillit Inc (PK)

GRILLiT,
Inc. (?GRILLiT? or the ?Company?) (OTC Pink Markets: GRLT) today announced that
FINRA has approved and made effective the Company?s previously announced common
stock dividend.

On September 4, 2013, FINRA announced a ?5-1 STK;
Restricted? (found here: http://otcbb.com/dailylist/txthistory/di09042013.txt).  It has come to the Company?s attention
that this stock dividend is being interpreted as a forward split, when in fact
it is a stock dividend of restricted shares, which will not cause an increase
of the public float or result in an automatic per share price adjustment.

All shareholders of GRILLiT, Inc. owning common shares on
the record date of August 7, 2013 shall receive four (4) shares of GRILLiT,
Inc. restricted common stock for every share held by such shareholder.  For example, if a shareholder owns 10,000
shares of GRILLiT, Inc. common stock at the close of business on August 7, 2013,
that shareholder shall receive 40,000 additional shares of GRILLiT, Inc.
restricted common stock, giving that shareholder a total of 50,000 shares.

The dividended common shares will be ?restricted? as defined
in the Securities Act of 1933. 
Rule 144 allows for the public resale of restricted securities only if
certain holding period and other conditions are satisfied.  The start date for the holding period
for the dividended shares shall be the record date of August 7, 2013, and the
holding period is one year.

The Company will receive the certificates of the dividend
shares of restricted common stock and will deliver the certificates to its
shareholders over the course of the next several days.

About GRILLiT

GRILLiT (GRLT) is a
growing Latin-Caribbean fusion restaurant concept that marries fast casual to
nutritious and healthy food. The company opened its first location in Miami in
2011 and specializes in chef-inspired custom crafted rice bowls, pasta and
wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy
cuisine using only fresh proteins, such as never-frozen chicken and Angus beef.
Restaurants offer an inviting and comfortable atmosphere with an open kitchen
and contemporary, industrial design. GRILLiT currently has two locations and
expects to have at least 21 corporate and 58 franchised locations open and
operating within the next five years. The company is targeting Florida, North
Carolina, New Jersey, Pennsylvania, New Hampshire, Ohio, Kentucky, Tennessee
and Georgia for new growth. For more information, visit www.grillitinc.com.

Forward Looking Statements:

Statements in this press release that are not
purely historical facts, including statements regarding GRILLiT's beliefs,
expectations, intentions or strategies for the future, may be ?forward-looking
statements? under the Private Securities Litigation Reform Act of 1996. Such
statements consist of any statement other than a recitation of historical fact
and can be identified by the use of forward-looking terminology such as ?plan?,
?may?, ?expect?, ?anticipate?, ?intend?, ?estimate? or ?continue? or the
negative thereof or other variations thereof or comparable terminology. The
reader is cautioned that all forward-looking statements are speculative, and
there are certain risks and uncertainties that could cause actual events or
results to differ from those referred to in such forward-looking statements.
This disclosure highlights some of the important risks regarding our business. Specifically,
the reader should not place undue reliance on statements regarding our ability
to build a chain of health-conscious fast-casual restaurants.  Additionally, there are number of other
risk factors relating to our business more fully explained identified by us in
our filings with the OTC Markets, which are available through
http://www.otcmarkets.com.

CONTACT:

Robert L. Tucker

Director of Corporate Development

rltucker@grillitinc.com

Tel: +1(305)514-0326

Facebook: https://www.facebook.com/FreshGRILLiT

Grillit (PK) (USOTC:GRLT)
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부터 5월(5) 2024 으로 6월(6) 2024

Grillit (PK) (USOTC:GRLT)
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부터 6월(6) 2023 으로 6월(6) 2024