On Monday August 22,2011, Accredited Members Holding Corp (OTC:ACCM), with Accredited Members Inc, a leading publisher of information and investment research about small and micro cap companies as its subsidiary, in association with Ryan Tedder of OneRepublic has announced the induction of a joint venture, entered upon in agreement with the owners of Southern Hospitality BBQ in connection with the development of up to 30 restaurants in key cities across the United States.
Denver, Nashville, Scottsdale/Phoenix, Dallas, Austin, Houston, Washington, D.C., Palo Alto, New Orleans, and Atlanta are the first ten markets determined to be developed in the joint venture.
Southern Hospitality BBQ, commenced in 2007, owns two restaurants in New York City. Earlier this year, the casual dining concept opened its growth prototype at 45th and 9th in Hell’s Kitchen.
Eytan Sugarman, Co-Founder and Owner of Southern Hospitality BBQ, expressed that on the basis of the great relationship it shares with Ryan, they are looking forward to work upon this appealing endeavor with him and the Accredited Members team.
Ryan Tedder accedes to the statement made by Mr. Eytan Sugarman, and has further expressed that Southern Hospitality BBQ is the best family hangout place serving greatest food and refreshing drinks.
JW Roth, CEO of Accredited Members, exclaimed that the joint venture is intended to establish a powerful network of Southern Hospitality BBQ restaurants across America, providing quality food, great service and excellent ambience, combined with a celebrity component. Hence they are looking forward to work with Southern Hospitality BBQ and its prospects for success in the casual dining segment, and are convinced with its ability to attract guests around the country as it has in New York with their quality services.
Shares of ACCM ended the day at $0.20.
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