Dallas, Texas (August 23, 2011) – StockGuru Shines its Spotlight on Accredited Members Holding Corporation (OTCBB: ACCM), in conjunction with Ryan Tedder of OneRepublic, announced yesterday the formation of a joint venture that has entered into an agreement with the owners of Southern Hospitality BBQ to develop up to 30 restaurants in key cities across the United States. Southern Hospitality BBQ, which first opened in 2007, has two restaurants in New York City. The casual dining concept opened its growth prototype at 45th and 9th in Hell’s Kitchen earlier this year. The Company closed on August 22, 2011, at $0.20, with a market capitalization of $6.57 million.
Ryan Tedder states: “I have been involved with Southern Hospitality BBQ in New York for some time and I’m looking forward to taking this relationship to the next level. Southern Hospitality BBQ is the ultimate place to hang, bring your friends, family and enjoy the greatest food, drink, vibe and energy you can plug into, anywhere. . . . it’s like no other restaurant.”
JW Roth, CEO of Accredited Members, adds: “Our intent is to build a powerful network of Southern Hospitality BBQ restaurants across America, building on its emphasis on quality food, great service and excellent ambience, combined with a celebrity component. We are very excited about our relationship with Southern Hospitality BBQ and its prospects for success in the casual dining segment. The brand has certain intangibles that differentiate it from its competitors which we believe will resonate with guests around the country as it has in New York. ”
Eytan Sugarman, Co-Founder and Owner of Southern Hospitality BBQ comments: “We have enjoyed a great relationship with Ryan and we look forward to working with him and the Accredited Members team on this exciting endeavor.”
The first ten markets slated for development are Denver, Nashville, Scottsdale/Phoenix, Dallas, Austin, Houston, Washington, D.C., Palo Alto, New Orleans, and Atlanta.
About Accredited Members:
Accredited Members Holding Corporation (OTCBB:ACCM) is the parent company for Accredited Members Inc., which is a leading publisher of information and investment research about small and micro cap companies. Accredited Members Inc. holds conferences for investors to meet and build relationships with small/micro cap companies and other member investors, publishes a quarterly magazine, and provides a monthly Research Report for its members. In addition, through its Accredited Members Managed Services division, the Company provides contract C-Level executive and consulting services to emerging private companies.
The Accredited Members Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6576
The information in this news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding Accredited Members’ capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may”, “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Actual events or results may differ materially. Accredited Members disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
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