BALTIMORE, MD--(Marketwired - Aug 15, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, has initiated research coverage of GRILLiT, Inc. (OTC Pink: GRLT) a growing Latin-Caribbean fusion restaurant chain that marries fast casual with 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. GRILLiT currently has two corporate locations with a third slated to open in the coming weeks and 3 franchisees with the first franchised location expected to open in this quarter. Management expects to have at least 21 corporate and 58 franchised locations open and operating within the next five years.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
"GRILLiT, Inc. has the right leadership, concept and early success to become the next major success story in fast casual dining. By marrying an innovative health conscious menu with what may be the only pure play Latin-Caribbean fusion concept chain, GRILLiT has already enjoyed success and acclaim in its 2 South Florida restaurants. The space is on fire with very high valuations afforded industry leaders Chipotle, Panera Bread and the newly public Noodles. As the Company continues to grow and open new stores, we believe that GRLT will become an attractive takeover target due to its low-cost, high profit, and innovative fast casual concept."
To view the report and its disclaimers, or to download the report in its entirety, please visit www.goldmanresearch.com
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About GRILLiT, Inc.: GRILLiT, Inc. (OTC Pink: GRLT) is a growing 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 farmers, and delivers healthy cuisine using only fresh proteins, such as never-frozen chicken and grass fed beef. The 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.