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Los Angeles, CA, Feb. 5, 2015 (GLOBE NEWSWIRE) -- Giggles N' Hugs, Inc. (OTCQB: GIGL), owner and operator offamily-friendly restaurants that bring together high-end,organic food with active, cutting-edge play and entertainment forchildren, is pleased to announce its advisory board member PhilipGay, former CFO of California Pizza Kitchen and Wolfgang Puck FoodCompany, has joined the Company's executive management team as itschief business development officer.
"Giggles N' Hugs' business model aligns well with the top trendsshaping the restaurant industry," stated Gay. "As an active memberof the Company's executive management team, I can put my wealth ofindustry experience to work as we execute on our plans to expand to25 locations over the next three years."
Gay brings nearly three decades of industry-related seniorexecutive experience to Giggles N' Hugs. From 2004 to 2010, heserved as director, president, and CEO of Grill Concepts, apublicly-traded operator of upscale casual and fine diningrestaurants throughout the U.S. Previously he served as chieffinancial officer for California Pizza Kitchen and Wolfgang PuckFood Company, and he has held various COO and CEO positions atColor Me Mine and Diversified Food Group.
In his role as chief business development officer at Giggles N'Hugs, Gay's responsibilities will include designing andimplementing processes to support business growth, as well asbuilding and maintaining high-level contacts with current andprospective customers and partners, ultimately driving prospectsthrough to contract award.
"Philip brings tremendous restaurantexperience with some of the most recognizable eateries in the worldand will be invaluable as we build Giggles N' Hugs domestically andinternationally," commented Joey Parsi, founder and CEO of GigglesN' Hugs. "His leadership experience, general business knowledge,and financial expertise are just some of the reasons we originallyinvited him to join our advisory board last fall. We are thrilledto now have him as part of our core executive team as we begin ournext phase of expansion."
About Giggles N' Hugs
Giggles N' Hugs is the first and only restaurant that bringstogether high-end, organic food with active, cutting-edge play andentertainment for children. Every Giggles N' Hugs location offersan upscale, family-friendly atmosphere with a dedicated play areathat children 10 and younger absolutely love. We featurehigh-quality menus made from fresh and local foods, nightlyentertainment such as magic shows, concerts, puppet shows and facepainting, and hugely popular party packages for families that wantto do something special.
Forward Looking Statements:
Certain statements in this press releaseconstitute "forward-looking statements" within the meaning of thefederal securities laws. Words such as "may," "might," "will,""should," "believe," "expect," "anticipate," "estimate,""continue," "predict," "forecast," "project," "plan," "intend" orsimilar expressions, or statements regarding intent, belief, orcurrent expectations, are forward-looking statements. While theCompany believes these forward-looking statements are reasonable,undue reliance should not be placed on any such forward-lookingstatements, which are based on information available to us on thedate of this release. These forward looking statements are basedupon current estimates and assumptions and are subject to variousrisks and uncertainties, including without limitation those setforth in the Company's filings with the Securities and ExchangeCommission (the "SEC"). Thus, actual results could be materiallydifferent. The Company expressly disclaims any obligation to updateor alter statements whether as a result of new information, futureevents or otherwise, except as required by law.
Source:Giggles N Hugs INC