The ONE Group Hospitality, Inc. to Present at Jefferies 2015 Consumer Conference
Provides Development Pipeline Update
NEW YORK-- The ONE Group Hospitality, Inc. (“The ONE Group”), (STKS) announced today that Jonathan Segal the CEO of the Company will be presenting at the Jefferies 2015 Consumer Conference at the White Elephant in Nantucket, MA. The presentation will begin at 1:00 PM ET tomorrow.
The Company also announced that its newest STK at the W Hotel in West Beverly Hills will commence a soft opening later this week in conjunction with a series of private events that are planned at the hotel. The Company has also created a new pool side restaurant for the hotel along with operating the W Lounge and other food and beverage services.
In addition to the recently opened STK in Miami and STK and Radio rooftop in the ME hotel in Milan along with the food & beverage, the Company is also still on target to open an additional three new restaurants during 2015 including STK Orlando, STK Chicago and STK Rebel Denver.
Jonathan Segal, CEO of The ONE Group said, “We are very pleased that our development schedule is moving along as we planned in 2015 and we are looking forward to the imminent launch of the STK at the W Hotel in Los Angeles. I’m also very pleased that the pipeline of opportunities we are seeing remains robust. Last week we announced two new locations slated for next year - STK Rebel in Austin and STK in Dallas. We also expect to sign several more leases in the coming months which will solidify our new restaurant opening plans for 2016 and start the process of filling the pipeline for 2017 creating long-term visibility into a sustainable growth plan.”
About The ONE Group
The ONE Group is a global hospitality company that develops and operates upscale, high-energy restaurants and lounges and provides hospitality management services for hotels, casinos and other high-end venues both nationally and internationally. The ONE Group’s primary restaurant brand is STK ®, a modern twist on the American steakhouse concept with locations in major metropolitan cities throughout the U.S. and in London. STK Rebel SM, a more accessibly priced STK ®with a broader menu, is an extension of the STK ® brand. The ONE Group’s food and beverage hospitality services business, ONE Hospitality SM, provides the development, management and operations for premier restaurants and turn-key food and beverage services within high-end hotels and casinos. Additional information about The ONE Group can be found at www.togrp.com.
Cautionary Statement on Forward-Looking Statements
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements, including but not limited to, (1) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to open new restaurants and food and beverage locations in current and additional markets, grow and manage growth profitably, maintain relationships with suppliers and obtain adequate supply of products and retain its key employees; (2) factors beyond our control that affect the number and timing of new restaurant openings, including weather conditions and factors under the control of landlords, contractors and regulatory and/or licensing authorities; (3) changes in applicable laws or regulations; (4) the possibility that the ONE Group may be adversely affected by other economic, business, and/or competitive factors; and (5) other risks and uncertainties indicated from time to time in filings with the SEC by Committed Capital.
Investors are referred to the most recent reports filed with the SEC by Committed Capital. Investors are cautioned not to place undue reliance upon any forward looking statements, which speak only as of the date made, and The ONE Group and Committed Capital undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150622005700/en/
Investors:
ICR
Don Duffy or Michelle Epstein
203-682-8200
Source: The ONE Group Hospitality, Inc.
Released June 22, 2015
