American Restaurant Concepts, Inc. Announces Appointment of Daniel Slone as CFO

LAFAYETTE, La., Aug. 20, 2013 /PRNewswire/ -- American Restaurant Concepts, Inc. (OTCBB: ANPZ), operator and franchisor of the award-winning Dick's Wings & Grill^® restaurants, announced today that it has appointed Daniel Slone to serve as the new Chief Financial Officer of the Company. In his new role, Mr. Slone will oversee all aspects of the Company's financial operations.

Throughout his career, Mr. Slone has held several senior management positions and achieved a proven record of success. He currently serves as the Controller of Blue Victory Holdings, a private equity firm focused primarily on the development and management of national restaurant franchises and other assets, where he has been integrally involved with the acquisition and integration of more than 30 franchised restaurants. Before Blue Victory, Mr. Slone served as the Director of Operations of LCS Corrections Services, a privatized corrections company with facilities in Louisiana, Texas, and Alabama. Prior to that, he acquired more than seven years of franchising experience with Pop-A-Lock, the largest professional locksmithing franchise in the country, initially serving as the Vice President and Director of Franchise Operations for the company and later serving as the Chief Financial Officer for the company's largest franchisee. Mr. Slone earned the Certified Franchise Executive^™ designation from the International Franchise Association in 2007.

"I am very excited to join American Restaurants Concepts," stated Mr. Slone. "I am particularly excited by the substantial market opportunity that the Company has for its unique franchised restaurants. The Company has a tremendous brand that will serve as a solid foundation for its future growth. In addition, it has implemented a major strategic and operational transformation through the addition of new personnel and the successful rehabilitation of its existing Dick's Wings restaurants. I am pleased to be a part of the Company during this pivotal time in its history and look forward to working with Rick and his team as the Company executes upon its national expansion plans."

"We are pleased to welcome Dan Slone as our new CFO," added Richard Akam, Chief Executive Officer of American Restaurant Concepts. "Dan is a strong leader who has acquired several years of experience working with franchising operations in the restaurant industry and other industries during his career. His strategic insight, financial expertise, and sound business judgment will be important contributors to our future success. I have the utmost confidence in Dan based upon his previous accomplishments and demonstrated performance in our industry. I look forward to working closely with Dan as we open new restaurants throughout the country." 

About American Restaurant Concepts, Inc.                          

American Restaurant Concepts, Inc., headquartered in Lafayette, Louisiana, is the operator and franchisor of Dick's Wings & Grill full-service restaurants and Dick's Wing Express^® express restaurants.  The Company prides itself on the 365 original mouth-watering flavors it has created for its premium grade chicken wings.  Dick's Wings offers customers the freshest wings, sandwiches, burgers, wraps, salads and signature waffle fries, all in a unique setting that combines a family-friendly environment with a sports-themed restaurant.  Dick's Wings & Grill's chicken wings have won numerous awards in Florida and Georgia.  The Company currently has 15 full-service restaurants and 2 express restaurants.  Sixteen of the restaurants are located in Florida, with one located in Georgia.  For more information, please visit the company's website at www.BestWingsEver.com.

Safe Harbor Provision

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the company's future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors set forth in the company's Annual Report on Form 10-K for the year ended December 30, 2012 and its other filings and submissions with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the company assumes no obligation to update or revise any of the information contained in this press release.

SOURCE American Restaurant Concepts, Inc.