Bros Holding Co Com Usd0.01 (GREY:BSHG)

NEW YORK, Nov. 12, 2010 (GLOBE NEWSWIRE) -- Bros Holding Company has entered into a letter of intent with a Hong Kong based Investment Group. Funds will allow management to develop their business model.

Definitive plans with the Investment firm will be announced before the Chinese New Year.

Pledged funds will allow Bros Holding Company to operate as a joint-stock Company and "roll in" 11 established Japanese restaurants under the leading flagship brand "Hezuomei". Based on operations of their premier restaurant location in the resort town of Suzhou, the company feels confident that the restaurants will be accretive to earnings within the first 6 months of operation.

Liming Peng, CEO stated, "We are firmly established as a cutting edge Media Company catering to the Japanese/Chinese establishment. By rolling in a restaurant/hospitality division, we feel that we are able to create a premium brand that caters to both cultural groups while being beneficial to our bottom line."

Funds from the Investment Group will be used to "roll in" 11 targeted restaurants and establish 24 new Japanese restaurants chains in the Shanghai and the Yangtze River delta from 2011 to 2013.  Future plans also include a Japanese catering group chain that will be established by the end of 2013.

Funding is also allotted to allow Bros to establish a high-end Japanese cuisine hotel management/ training technical school, creating a supply of professional servers, executive chefs, and cuisine researcher from a logistic base of Bros Catering Group. The school will train up 200-500 qualified trainees as service of talents for its company per year, meanwhile, dispatch professional personnel to Japanese catering companies in Shanghai and Yangtze River delta.