The ONE Group, LLC Announces That Gerald W. Deitchle Has Joined Committed Capital Acquisition Corporation’s Board of Directors
NEW YORK-- The ONE Group, LLC (“The ONE Group”), a wholly-owned subsidiary of Committed Capital Acquisition Corporation (“Committed Capital”), (OTCQB:STKS) announced today that Gerald (“Jerry”) W. Deitchle has joined Committed Capital’s Board of Directors, which became effective on October 28, 2013 following his appointment in connection with the reverse merger transaction between The ONE Group and Committed Capital on October 16, 2013.
“Jerry is an ideal addition to our Board,” said Jonathan Segal, CEO of Committed Capital. “Not only has he demonstrated extensive strategic development and leadership ability throughout his long, successful restaurant industry career, but his industry vision will make him an impactful and valuable asset to our entire organization as we continue to grow our business. On behalf of our entire team, we would like to welcome Jerry to our Board.”
“I’m excited to join the Board of Directors of The ONE Group and I look forward to working with the board and the management team to create long term shareholder value,” added Jerry Deitchle. “With the combined appeal of STK and its high-return hospitality services, The ONE Group has already established itself as leader in the high-end restaurant and hospitality segment which provides a strong foundation to grow the business worldwide. "
Mr. Deitchle has over 30 years executive and financial management experience with both privately-held and publicly-held national restaurant and retail companies. He is currently a member of the board of directors of BJ’s Restaurants, Inc. (Nasdaq: BJRI), serving as Chairman of the Board since June 2008. Previously, he served as BJ’s President from February 2005 until December 2012 and as Chief Executive Officer from February 2005 until his retirement in February 2013. Mr. Deitchle’s prior roles include President, Chief Operating Officer and a director of Fired Up, Inc., a privately held company that owns, operates and franchises the Johnny Carino’s Italian restaurant concept; Chief Financial Officer and later as President of The Cheesecake Factory Incorporated (Nasdaq:CAKE), a publicly held operator of upscale casual dining restaurants; and Executive Vice President of Long John Silver’s Restaurants, Inc., among other roles at the company. Deitchle also serves as a consultant and part-time advisor to privately held restaurant and retail businesses.
The appointment of Mr. Deitchle as a director of Committed Capital in connection with the reverse merger transaction between The ONE Group and Committed Capital is more fully described in Committed Capital’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 16, 2013.
About The ONE Group
The ONE Group develops and operates upscale, high-energy restaurants and lounges and provides “ONExperience”, a turn-key food and beverage service for hospitality venues including boutique hotels, casinos and other high-end locations in the United States and United Kingdom. The ONE Group’s primary restaurant brand is STK®, which is a unique steakhouse concept with locations in major metropolitan cities throughout the U.S. and in London. STK artfully blends two concepts, the modern steakhouse and a chic lounge, into one offering a high-energy, fine dining experience with the superior quality of a traditional steakhouse. The ONE Group’s food and beverage hospitality services business provides the development, management and operations for premier restaurants and turn-key food and beverage services at high-end boutique 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 grow and manage growth profitably, maintain relationships with suppliers and obtain adequate supply of products and retain its key employees; (2) changes in applicable laws or regulations; (3) the possibility that the ONE Group may be adversely affected by other economic, business, and/or competitive factors; and (4) 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.
Phil Denning, 203-682-8246
Kristina Jorge, 646-277-1234
Source: The ONE Group, LLC
Released November 7, 2013