ARC Group, Inc. Announces Appointment of Eide Bailly LLP as New Independent Accounting Firm

JACKSONVILLE, Fla., Oct. 16, 2017 /PRNewswire/ -- ARC Group, Inc. (OTCQB: ARCK), the owner, operator and franchisor of the award-winning Dick's Wings & Grill^® concept, announced the appointment of Eide Bailly LLP as the company's new independent accounting firm.

Eide Bailly will audit the company's consolidated financial statements for its fiscal year ended December 31, 2017.  In conjunction with its annual audit, it will also perform reviews of the company's unaudited interim financial information for the company's fiscal quarter ended September 30, 2017 and each of the company's three fiscal quarters falling within the year ended December 31, 2018.

Eide Bailly is a national accounting firm headquartered in Fargo, North Dakota.  Founded in 1917, it is the 19^th largest accounting firm in the United States, with 29 offices and approximately 59,000 clients nationwide. The firm's 1,600 partners and staff provide its clients with the traditional core services of audit & assurance and tax.

"We are very pleased to welcome Eide Bailly as ARC Group's new independent auditor," stated Seenu G. Kasturi, President and Chief Financial Officer of ARC Group, Inc. "Eide Bailly was chosen for its commitment to delivering timely, high-quality audit services and for its strong reputation for working effectively with companies operating in the retail space." 

Dick's Wings restaurants are family fun fooderys^® where both families and sports fans can go to enjoy a unique restaurant experience from first bite to last call^®.  Dick's Wings offers a variety of boldly-flavored menu items highlighted by its award-winning, Buffalo, New York-style chicken wings and hog wings and its Dick's Blingz^® boneless chicken wings, for which it boasts 365 mouth-watering flavors.  It also offers customers a variety of fresh sandwiches, burgers, wraps, salads and signature waffle fries.  Guests enjoy these menu items in an elevated sports-themed environment that includes flat screen TVs located throughout each restaurant and children's areas filled with video games and other forms of children's entertainment. 

Dick's Wings is actively offering franchise opportunities in Florida, Georgia, Alabama, Louisiana, North Carolina and South Carolina.  For more information about Dick's Wings exciting menu offering and locations, and for additional franchising information, please visit www.dickswingsandgrill.com.

About ARC Group, Inc.                                                         

ARC Group, Inc., headquartered in Jacksonville, Florida, is the owner, operator and franchisor of the Dick's Wings & Grill concept.  Now in its 23^rd year of operation, Dick's Wings prides itself on its award-winning chicken wings, hog wings and duck wings spun in its signature sauces and seasonings.  It also offers its own proprietary line of craft beers under the name "Dick's Craft Beers".  Dick's Wings has 17 restaurants in Florida and five restaurants in Georgia.  It also has two concession stands at EverBank Field, home of the NFL's Jacksonville Jaguars. 

Safe Harbor Provision

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby.  All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the Company's future financial position, business strategy, plans and objectives, 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 31, 2016 and its other filings and submissions with the SEC.  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 forward-looking statements.

SOURCE ARC Group, Inc.

Related Links

http://dickswingsandgrill.com