Welcome!

News Feed Item

Big Three Restaurants, Inc. Announces Name Change, Change of Business and Reverse Stock Split

ORLANDO, FL -- (Marketwired) -- 05/02/14 -- Big Three Restaurants, Inc. (OTC Pink: BTHR) (PINKSHEETS: BTHR) announced today that it has changed its name to Sports Venues of Florida, Inc. The changes to the business have been filed on Form 8-K with the Securities and Exchange Commission and application to the Financial Industry Regulatory Authority (FINRA) has been submitted which should be reflected on the quotation systems on May 15, 2014. The stock symbol will not change at this time. We also amended our Articles of Incorporation to authorized 10,000,000 shares of preferred stock, the series, preferences, limitations and relative rights of which may be determined from time to time by the Board of Directors and to effect a share combination (reverse stock split) with the result that our 7,500,000,000 outstanding shares of common stock are reduced to 1,500,000 shares of common stock, the effective date of such combination for purposes of the public securities market subject to a market announcement by FINRA, which we also expect to be May 15, 2014.

The Company will be retaining Turf Solutions Group, Inc. (http://www.turfsolutionsgroup.com/) as its designer and lead project manager to build and develop a 100+- acre sports complex in the Tampa Bay area. The sports complex is being planned to include eight boys' baseball fields, eight girls' softball fields, one multi-purpose synthetic turf field, six soccer fields, and one main stadium field for baseball/softball with seating for 3,500. The main stadium will have a turf surface that can quickly be used for baseball or converted for soccer. The main stadium will have an owner's box, two VIP boxes, a media box, and TV camera outposts included. The project will have a themed national chain restaurant, a national chain pro shop/sporting goods store. To attract tournament play with players from around the United States the property is planned to have multi-purpose housing units for twenty-four teams with dining area for teams and a swimming pool for team use. A splash zone and play ground are planned to great visitors inside the main gate, followed by a fitness trail to guide visitors all around the park with distance markers every 1/8th mile and various stations for workouts. W are also planning indoor/outdoor batting cages, an indoor fitness and weight training center, a fully staffed first aid building and restrooms strategically placed as required by local code. Retail food and drink kiosks will be scattered around the park. We also are planning a multi-purpose building for parent meetings, coaches meetings etc. When not in use by participating teams, this building will be available for rental by non-park participants. Finally, we are planning to include equipment and maintenance buildings, executive office, ticket booths and parking.

The Company's preliminary estimates the entire project is in the $40 million range. The Company plans to use a combination of debt and equity to complete the project.

"I could not be more energized over the new direction of the company. Youth sports and sports venues is a multi-billion dollar emerging segment of the overall sports market. After months of planning and exploring various avenues of financial support, I believe we have hit a home run with both debt and equity players. I am convinced we will be able to arrange the combination of debt and equity needed to implement our plan," said John V. Whitman Jr., CEO and Chairman.

ABOUT THE COMPANY

The Company is a developmental stage enterprise. Our board of directors has approved a change in our business to the ownership, development and operation of venues for youth and adult team sports, sponsoring such teams and providing training programs for such team sports, as well as all activities related thereto.

SAFE HARBOR AND INFORMATIONAL STATEMENT

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact, regarding the intent, belief or current expectations of the Company and its management with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

http://www.otcmarkets.com/ Enter BTHR in the quote box
http://www.sec.gov/ Search EDGAR Archives for Big Three Restaurants

For more information contact -
John V. Whitman Jr.
Chief Executive Officer
Phone: 516-375-6649
E-mail: [email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
In his session at Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to maximize project result...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
"Cloud computing is certainly changing how people consume storage, how they use it, and what they use it for. It's also making people rethink how they architect their environment," stated Brad Winett, Senior Technologist for DDN Storage, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...