Quick Informal Idea Strengthens Board of Administrators with Two Additions
League Metropolis, Texas, Oct. 27, 2020 (GLOBE NEWSWIRE) — Muscle Maker, Inc. (Nasdaq:GRIL) the guardian firm of Muscle Maker Grill, Wholesome Joes & MMG Burger Bar, a fast-casual idea identified for serving more healthy for you meals, right this moment introduced that the corporate, together with its shareholders have elected Main Basic Malcolm Frost and finance skilled Philip Balastos to their Board of Administrators.
The corporate plans to leverage Basic Frosts expertise in negotiating with the armys prime brass to make sure alternatives are maximized and firm army contracts are rolled out effectively. Basic Frost has labored with many alternative administration groups on bases all through the world making him an ideal match to supply steerage on the corporates non-traditional progress path initiatives. Philip Balastos has a tenured finance background and can carry over 20 years of public markets expertise to the board.
Michael Roper, CEO of Muscle Maker Grill, commented, That is an thrilling time for our firm proper now. We’re quickly executing on our firms non-traditional progress technique and as beforehand talked about, exploring many alternative alternatives to develop our corporately owned portfolio together with particular person places and potential acquisitions. Having Basic Frost be a part of our board of administrators to supply steerage on our army progress path, in our opinion, shouldn’t be solely recreation altering, but in addition frees up managements time to deal with different strategic progress areas. We’re very excited and privileged to welcome Basic Frost and Philip Balatsos to the Muscle Maker crew!
Main Basics and Balastos full bios beneath.
Main Basic (Ret) Malcolm Frost has 31 years of army expertise offering large-scale strategic and operational management and oversight within the Indo-Asia-Pacific, Center East, Europe, and america for america Military – efficiently main the evolution of soldier coaching packages in peace and struggle from platoon via 2-star command degree. Maj. Gen. (Ret) Frost has been deployed to fight a number of occasions in quite a lot of management and command positions. Since 2019, Maj. Gen. (Ret) Frost served as Government Advisor for Fortune 500 and bigger firms via Malcolm Frost and Associates LLC. From 2015 via 2019, Maj. Gen. (Ret) Frost served because the Commanding Basic for the US Military Coaching and Doctrine Command situated at Fort Eustis, Virginia and because the Chief of Public Affairs for the US Military Headquarters based mostly in Washington, DC. Maj. Gen. (Ret) Frost additionally served because the Deputy Commanding Basic for Help for the US Military, Deputy Director of Operations for the US Division of Protection and the Director of Operations for the US Military Pacific Headquarters. He deployed to Bosnia-Hercegovina as an organization commander in 1995 and deployed twice to Iraq as commander of an 800 individual Cavalry Squadron working in Tal Afar throughout the Surge in 2006-7, and as commander of a 5K individual Stryker Brigade Fight Group working in Diyala, Salah advert Din, and Kirkuk provinces in 2010-11. Moreover, he deployed as Director of Operations of a 4,000 individual airborne brigade process drive in Afghanistan in 2002-3. Along with a Bachelor of Science Diploma in Human Sources Administration from america Army Academy at West Level, Maj. Gen. (Ret) Frost holds superior levels from Webster College and the U.S. Military Battle Faculty in Human Sources Growth and Nationwide Safety Technique, respectively. He’s the recipient of the Distinguished Service Medal x2, Protection Superior Service Medal, Legion of Benefit x3, Bronze Star Medal x3, Air Medal, Military Commendation Medal x6 together with one for Valor, Fight Infantryman Badge, Grasp Parachutist Badge and Ranger Tab. He’s a Licensed Challenge Director and is the recipient of the U.S. Division of State Meritorious Honor Award for reconstruction, civic and humanitarian achievements whereas serving in Iraq.
Philip Balatsos.Since 2016, Mr. Balatsos has labored within the restaurant and hospitality industries. In 2018, Mr. Balatsos based and has served because the proprietor operator of LAPH Hospitality which operates a caf/catering enterprise and in addition serves as a advisor offering monetary, buying and utilization evaluation in addition to rollout companies pertaining to ordering, invoicing and inventorying programs. From 2016 via 2018, Mr. Balatsos held varied positions with Barteca Restaurant Group together with Assistant Basic Supervisor and Buying Supervisor. Previous to 2016, Mr. Balatsos held varied place on Wall Road for 16 years together with Vice President, International Alternate Gross sales/Buying and selling for Credit score Suisse, Director, International Alternate Hedge Fund Gross sales for Barclays Capital and Monetary Advisor for Stifel Nicolaus & Co. Mr. Balatsos graduated from Skidmore Faculty in 1999 with a Bachelor of Science in Enterprise Administration and from Institute of Culinary Training in 2016.
About Muscle Maker Grill
Based in 1995 in Colonia, New Jersey, Muscle Maker Grill options prime quality, nice tasting meals, freshly ready with proprietary recipes. The menu, created with the visitors well being in thoughts, is lean and protein based mostly. It options all-natural rooster, grass fed steak, lean turkey, entire wheat pasta, wraps, bowls and extra. It additionally gives a wide array of fruit smoothies in quite a lot of assorted flavors, protein shakes and dietary supplements. For extra info on Muscle Maker Grill, go to www.musclemakergrill.com.
This press launch could embody forward-looking statements pursuant to the secure harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995. To the extent that the data offered on this press launch discusses monetary projections, info, or expectations about our enterprise plans, outcomes of operations, merchandise or markets, or in any other case makes statements about future occasions, such statements are forward-looking. Such forward-looking statements might be recognized by means of phrases comparable to ought to, could, intends, anticipates, believes, estimates, tasks, forecasts, expects, plans, and proposes. Though we consider that the expectations mirrored in these forward-looking statements are based mostly on affordable assumptions, there are a selection of dangers and uncertainties that might trigger precise outcomes to vary materially from such forward-looking statements. You’re urged to rigorously overview and take into account any cautionary statements and different disclosures, together with the statements made beneath the heading Danger Components and elsewhere in paperwork that we file every now and then with the SEC. Ahead-looking statements converse solely as of the date of the doc wherein they’re contained, and Muscle Maker, Inc doesn’t undertake any obligation to replace any forward-looking statements besides as could also be required by regulation.
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