|By Marketwired .||
|July 25, 2014 04:05 PM EDT||
TUSTIN, CA -- (Marketwired) -- 07/25/14 -- Rising India, Inc. (OTC: RSII) is pleased to announce that its Board of Directors has voted in favor of a number of initiatives toward building cumulative shareholder value and long-term growth for Rising India.
First and foremost, the Board has agreed to enter the $600+ billion dollars strong and growing QSR (Quick Service Restaurant) Industry, a significant shift in business models toward near-term opportunities for revenue producing asset acquisitions. As food industry experts, Technomic, reported at their Restaurants 2013 Trends & Directions conference, the fast-casual sector is still outshining the rest of the business in sales growth.
The National Restaurant Association found that driven by a stronger economy and historically high levels of pent-up demand among consumers, restaurant-industry sales are expected to hit a record high of $683.4 billion in 2014. This will represent the fifth consecutive year of real growth in restaurant sales.
The company will be launching its new website to reflect the new business model. The website will be geared toward accessibility and transparency for shareholders.
RSII will also begin working immediately to identify strategic partnerships, target acquisitions and seasoned additions to its executive team alongside a goal to drastically increase the Company's market cap over the next 12 months. Additionally, based on current opportunities, shareholders can expect asset acquisitions by end of year.
"We are thrilled with the opportunities ahead," states CEO James DiPrima. "I am confident shareholders will be very pleased with our announcements forthcoming as we work diligently to secure a footing in an industry where consumers are spending roughly $1.7b per day."
Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.