LOHAS Food and Beverage Stock Alert: Latin-Caribbean Fusion Restaurant GRILLiT (OTC: GRLT) Gains over 42%
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New York, NY, Point Roberts, WA - August 1, 2013 (www.investorideas.com newswire) Investorideas.com, an investor research portal specializing in sector research for independent investors issues a trading alert for GRILLiT or , Inc. (OTC: GRLT), trading at $1.03, gaining $0.3050 or 42.07% as of 2:37PM EDTon over 270,000 shares. The stock had a day high of $1.74.
The stock had a big run this week following news on Monday of its first franchised store opening. The new GRILLiT restaurant is located at 555 Church St, in downtown Nashville, Tennessee.
Investors have come into the stock aggressively, possibly looking for the next healthy restaurant franchise opportunity, based on the performance of Chipotle Mexican Grill, Inc. (NYSE:CMG) stock.
GRILLiT (GRLT) is a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads. GRILLiT utilizes domestic growers and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and Angus beef. Restaurants offer an inviting and comfortable atmosphere with an open kitchen and contemporary, industrial design. GRILLiT currently has two locations and expects to have at least 21 corporate and 58 franchised locations open and operating within the next five years. The company is targeting Florida, North Carolina, New Jersey, Pennsylvania, New Hampshire, Ohio, Kentucky, Tennessee and Georgia for new growth. For more information, visit http://www.grillitinc.com.
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