ATLANTA, May 25, 2018 (GLOBE NEWSWIRE) -- US Highland Inc. (OTC Pink:UHLN) today announced the Company’s on-going corporate due diligence has unearthed several add-on acquisitions. The Company filed its 10-Q this week and continues to work on the name change and new ticker.
"A soon to be announced acquisition will be LARGE. It has taken weeks to create a copasetic acquisition transaction. We are excited to complete the integration. This adds another dimension to our business, by adding product lines which serve a larger audience, with a more robust asset base," said Everett M. Dickson, CEO of UHLN.
“This acquisition adds significant strength to the balance sheet and acts as a new arena in the Company’s aggressive growth strategy. This addition dramatically increases our footprint, brings additional management and is accretive to our bottom line as well containing a well-developed catering and wholesale supplies business. The latest transaction strengthens our cashflow, diversifies our asset base and allows us to begin to consider the economy of scale through integration, not only when purchasing products and supplies but in the general administration and management of running several locations, diverse food styles and local produce menus,” said Mr. Dickson.
Expanding across the Southeast, and now in parts north whilst headquartered in Atlanta GA, UHLN’s new brands are focused in the burgeoning fast-casual restaurant space, offering consumers healthy diverse menus made with fresh organic ingredients every day. These brands will offer a diversity of menu items, from flatbread sandwiches, bowls, wraps, salads, and fresh proteins such as chicken, turkey, steak and falafel. With this latest acquisition, the product offerings now include B to B products and third party branded food products. This acquisition adds depth to UHLN’s first move into the $750 billion U.S. restaurant industry.
The Company also announced the departure of Sal Rincione from its staff. “The new direction of the company is outside Mr. Rincione’s skill set. We wish him the best in all his future endeavors,” said Mr. Dickson.
About US Highland, Inc.
US Highland, Inc. is a franchise development company that builds and represents popular franchise concepts throughout the United States as well as International markets. US Highland “Platform” acquisition is constantly seeking targets to “add on” or complement the Company’s direction. Management is highly experienced at business integration and re-branding potential. With little territory available for the older brands we bring fresh innovative brands to our consumers that have great potential. All of our brands are unique in nature as we focus on niche markets that are still in need of developing.
