×

Southern Hospitality Development Corporation Announces Company Name Change

COLORADO SPRINGS, Colo., May 6, 2013 (GLOBE NEWSWIRE) -- Southern Hospitality Development Corporation (OTCQB:RIBS), a developer of southern, Memphis style barbeque restaurants, today announced it has received approval from the Financial Industry Regulatory Authority (FINRA) to change the parent company name to Smokin Concepts Development Corporation, effective May 3, 2013.

The name change more accurately aligns the company's ambition to develop a management services stream of revenue with outside brands while maintaining their focus on developing Southern Hospitality restaurants in urban markets across the U.S. The first franchised location opened in Denver, Colorado in early 2013. Planned Southern Hospitality restaurant locations include Austin and San Diego.

The Southern Hospitality brand features classic Memphis style barbeque, regional barbeque favorites, twists on traditional southern dishes, sandwiches, salads and mouthwatering desserts. The restaurant boasts a Bourbon Room with the largest selection of bourbons and whiskeys in the area, a wine list to challenge the finer restaurants in town, many beer choices, and a full bar with the most talented bartenders at the ready.

About Southern Hospitality

Southern Hospitality restaurants, created jointly by friends Eytan Sugarman, Justin Timberlake, and Trace Ayala, strive to provide guests with fresh, high quality southern inspired food complimented with an appealing selection of popular micro-brews and an extensive variety of bourbons, in a hip and high energy environment. We believe "Southern Hospitality" is a quality so genuine that we chose it as our philosophy when it comes to how we build our restaurants, prepare our dishes and service our guests. We look forward to welcoming you to Southern Hospitality in our warm, friendly and generous style. When you're here, you're home!

For more information, please visit www.shdcrestaurants.com.

Forward-Looking Statements

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 the company's 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. The company 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.

CONTACT: Steve Cominsky, CEO 303-815-2329 steve@shdcrestaurants.comSource:Southern Hospitality Development Corporation