MTY Enters Acquires the Assets of Steak Frites St-Paul and Giorgio Ristorante

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[{"type":"text","content":"\n\n\n\nMTY Enters Acquires the Assets of Steak Frites St-Paul and Giorgio Ristorante\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, May 8, 2017\n\n\n\nTSX Trading Symbol: \"MTY\"\n\n\n\nMONTREAL, May 8, 2017 /CNW Telbec/ - MTY Food Group Inc. (\"MTY\" or the \"Company\") (TSX: MTY) announced today that one of its subsidiaries has acquired the assets of Steak Frites St-Paul (www.steakfrites.ca) and Giorgio Ristorante (www.giorgio.ca) (together \"Giorgio\") for an estimated consideration of $0.3 million. \n\nThere are currently six Giorgio Ristorante and nine Steak Frites St-Paul in operations.\n\nMr. Gilles Pépin, Vice-President for the Madisons operations, will be leading the two new brands, which will be headquartered in MTY's head office in St-Laurent, Quebec.\n\nForward looking information\n\nCertain information in this News Release constitutes \"forward-looking\" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.  When used in this News Release, this information may include words such as \"anticipate\", \"estimate\", \"may\", \"will\", \"expect\", \"believe\", \"plan\" or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved.  In particular, this News Release contains forward-looking information regarding: the completion of the GIORGIO acquisition, the potential closing date of the GIORGIO acquisition and the potential impact of the GIORGIO acquisition on the Company's future operations; opportunities, growth and  expansion; the suitability of the GIORGIO acquisition by the Company; the effect of the GIORGIO acquisition on GIORGIO stakeholders; the location of MTY's head office and where MTY's operations...

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