NEW YORK, Jan. 9, 2013 (GLOBE NEWSWIRE) -- Artemis Acquisition Corp., a holdings company (the "Company"), announced that it has completed the acquisition of Travel Center Partners, Inc. (TCP), a South Carolina corporation with approximately 75 employees and growing, consummated on 12-31-12. The Company has completed its 8K Filing with the SEC as of 1-8-12.
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The Company, a Delaware corporation and new subsidiary, TCP currently operates six businesses in South Carolina and Georgia. TCP's foundation is commercial real estate development anchored with the food/gas/beverage industry, mainly convenience stores, gas stations, truck stops/travel centers, branded with restaurants, car washes and more.
Artemis's strategy is to focus on the southeast portion of the U.S. to increase its retail and brand footprint and then seek to expand nationwide in the coming years. TCP is in discussions to purchase additional convenience stores, truck stops, car washes, and Dairy Queen/Orange Julius/Grill & Chill locations. The Company will accelerate its branding with TCP, Ultimate Car Wash & Family Markets, Bryan's Country Stores, EZ Marts, 24 Hour Grills, Neighbors Full Service Car Washes, 1780 Country Stores and including Integrity Restaurant Group and its Krystal Restaurants.
The Company anticipates future successes with our vendor partners: Dairy Queen, Sysco Foods, Krispy Krunchy Chicken, Frito Lay, Hershey/Mars Candy, Anheuser-Busch, Coors, Corona, Starbucks, Monster, Original Pancake House, Vidalia Boiled Peanuts, Cold Cow Ice Cream, TCBY, Coca-Cola, Pepsi, Shell, Texaco, Valero, PEP EV Stations, UHAUL, NACS, and SC/GA state lotteries. The Company's vendor list is expansive.
The Company has also begun the process of building their holdings platform, social responsibility and is in negotiations with start-ups, and existing businesses who are seeking equity backing and capital to create job creation and acceleration of their own.
The Company also announced, as of 12-31-12, the promotion of Robert Nash, its Senior VP, to its Board of Directors. Mr. Nash has been with the related companies for approximately three years.
To learn more about Artemis Acquisition Corp. view: http://artemisacquisitioncorp.com/
Certain of the matters discussed in this announcement contain forward-looking statements that involve material risks to and uncertainties in the company's business that may cause actual results to differ materially from those anticipated by the statements made herein. Such risks and uncertainties include, among other things, our ability to establish and maintain operations; the availability of financing; the company's ability to implement its long range business plan; the company's ability to enter into agreements with any necessary partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances; and management of growth and other risks and uncertainties that may be detailed from time to time in the company's reports filed with the Securities and Exchange Commission. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the company's financial position. See the company's most recent Quarterly Report on Form 10-Q and related 8-K filings.
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The Travel Center Partners, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16531
CONTACT: Investor Relations Contact: Mr. Robert Nash Senior Vice President (315) 652-2274 - direct line
Source:Artemis Acquisition Corp.