TSX Trading Symbol: "MTY"
MONTREAL, June 19, 2017 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY) announced today that pursuant to the announcement made on June 12, 2017, it has completed the acquisition of 80% of the assets of Houston Avenue Bar & Grill ("Houston") (http://www.houstonresto.com/) and Industria Pizzeria + Bar ("Industria") (http://industriapizzeria.com/en/) through a newly created subsidiary.
Mr. Raimondo Messina, Mr. Antonino Messina and Mr. Roger Francis, will own balance of the 20% and will continue to lead the two brands, operating out of MTY headquarters in St-Laurent, Québec.
Forward looking information
Outlooks contained in this News Release were approved by management of the Company on June 16, 2017. The purpose of this information is to provide a potential financial outlook of the combined entity and this information may not be appropriate for other purposes. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
MTY Food Group Inc.
Stanley Ma, Chairman, President & CEO
SOURCE MTY Food Group Inc.
For further information: Eric Lefebvre, Chief Financial Officer at 1-514-336-8885 x 288 or by email at [email protected], or visit our website: www.mtygroup.com or SEDAR's website at www.sedar.com under the Company's name.