PAPA Papa Bello Enterprises, Inc. featured news, full reports, and detailed charts
Papa Bello Enterprises, Inc. (PAPA/PAPA.PK) Wrap Up:
Papa Bello Enterprises, Inc. operates a chain of pizza outlets. Its restaurants’ menu includes combo meals, subs, sides, specialty pizzas, drinks, and the family feast. The company was founded in 2005 and is based in Las Vegas, Nevada. It has locations in Iowa, Indiana, Michigan, Minnesota, Missouri, Nebraska, Ohio, Oklahoma, Tennessee, South Carolina, and Wisconsin.Papa Bello Enterprises, Inc. (PAPA:OTC)
PAPA Top Compensated Officers
Executives, Board Directors
Key developments for Papa Bello Enterprises, Inc. (PAPA)
Papa Bello Enterprises Inc. announced that the company is moving its corporate headquarters and franchise training facility to Baltimore, Maryland, effective October 15, 2009. Additionally, the company has named Frank Pastore as the company's COO and Director of Franchise Sales and Training. This appointment is a continuation of the company's reorganization and development program initiated in late August. Mr. Pastore will lead all aspects of Franchise marketing and training for perspective franchisees and their employees. Mr. Pastore believes that there are several underdeveloped aspects of Papa Bello's business model that can be enhanced to provide additional sales and could lead to additional franchise expansion.
Papa Bello Enterprises Inc. announced that it has added Edd Ozard and David Pieffer to the company's board of directors. Mr. Ozard is currently President and CEO of Pacwest Solutions. Mr. Pieffer is currently a department head with Crum & Forster. Both new board members have over 30 years of professional experience and intend to use their extensive contacts to help open up additional growth and expansion opportunities for the company. Mr. Ozard's vision carved a new path in the business industry: human resources outsourcing and consulting. PacWest Solutions and Higher Standards outsourcing provides personalized services for payroll, workers' compensation, health benefits and a myriad of other human resources functions that were previously headaches for the small to mid-size company. Mr. Pieffer has held senior roles with the Maryland Casualty, Zurich North America, Tokio Marine, and currently he leads a department within Crum & Forster. Mr. Pieffer's experience has given him a broad exposure to all aspects of the insurance business both in the U.S. and throughout the world. He has, over the years, participated in a variety of industry-related activities including RIMS, Underwriter's Laboratory, and worked with various brokers and associations.
Papa Bello Enterprises Inc. announced that the company is moving its corporate headquarters and franchise training facility to Baltimore, Maryland, effective October 15, 2009. In connection with the change in corporate location, the Las Vegas office will cease operations and all training and franchise operations will originate from Baltimore. In addition, Papa Bello will also begin work on new product lines and enhanced operational plans. The company has named Frank Pastore as the company's COO and Director of Franchise Sales and Training. This appointment is a continuation of the company's reorganization and development program initiated in late August. Mr. Pastore has been directly involved within the Food service industry for over 30 years, and is a well-respected businessman in the Mid Atlantic community. Mr. Pastore will lead all aspects of Franchise marketing and training for perspective franchisees and their employees. Mr. Pastore believes that there are several underdeveloped aspects of Papa Bello's business model that can be enhanced to provide additional sales and could lead to additional franchise expansion.
PAPA Competitors
| Company | Last | Change | |
| No competitor information is available for PAPA. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | PAPA | Industry Range |
| No financial data is available for PAPA. | ||
PAPA transactions
| Type Date |
Target |
|
Merger/Acquisition
October 20, 2009 |
Pastore's of Rosedale, Inc. |
|
Merger/Acquisition
October 8, 2009 |
Kebab Cafe |
|
Merger/Acquisition
September 4, 2009 |
-- |
More Recent News About Papa Bello Enterprises, Inc.
More news for PAPA
Papa Bello Enterprises Signs Letter of Intent to Acquire the Kebab Cafe
BALTIMORE, Oct. 8 /PRNewswire-FirstCall/ -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA - News) is pleased to announce that the company has signed a letter of intent to acquire the Kebab Cafe; a Southern California based restaurant concept specializing in Middle Eastern style cuisine with a European twist. Pending necessary due diligence, Papa Bello expects to close the acquisition on approximately October 31, 2009. The Kebab Cafe currently operates a flagship location in the Westfield Mall in La Jolla, California and anticipates opening up to 10 new corporately owned locations in 2010 as well as building out the concept for franchising.The Kebab Cafe was created by and currently operated by two brothers, Sam and Jag Kambo. Combined, they have over 30 years of experience owning and managing restaurants. Along with Papa Bello's management team, they will both continue to build and manage the brand under the Papa Bello Enterprises umbrella. The current development plan calls for the Kebab Cafe to build out approximately 600 square foot locations in food courts, airports, and malls throughout the World. Specializing in Doner and Durum Kebabs, the restaurant operates a small offering of "Truly Fresh and Delicious" food at a very reasonable price.Jim Price, CEO of Papa Bello states, "This opportunity to acquire the Kebab Cafe would be a tremendous step in the evolution of Papa Bello. As we continue to expand our company, we see tremendous value in diversifying and adding new concepts that are different from ou...Click here to read the whole Article (external link)
Papa Bello Files to Register Franchise in Maryland, Virginia, and California
BALTIMORE, Oct. 1 /PRNewswire-FirstCall/ -- Papa Bello Enterprises (Pink Sheets: PAPA - News) announced today that the company has filed the necessary paperwork to register its franchise in the states of Maryland, Virginia and California. The registration process is expected to take a few weeks, pending individual state review, comment, and due diligence. These new geographic locations contain significant potential markets for Papa Bello and enjoy unique, positive characteristics in this challenging economy. Over the past two years, the Mid Atlantic area has been relatively insulated from the roughest aspects of the recession, due to the high concentrations of federal and state government agencies, universities, health care conglomerates, and military installations. In addition, the state of California boasts the 8th largest economy in the world and the recent resetting of some commercial real estate prices offers enhanced leasing opportunities for prime locations throughout the state.Jim Price, CEO of Papa Bello Enterprises states, "We look forward to completing this process and, when finished, will aggressively pursue strong franchisees with the ability to grow the Papa Bello franchise model throughout the respective regions. This opportunity is very real. We have seen a significant migration from high priced restaurants to more cost effective, family style eateries that offer more value for their money. Parties interested in opening a Papa Bello franchise should go to our website, ...Click here to read the whole Article (external link)
Papa Bello Moves Corporate Headquarters, Names New COO
BALTIMORE, Sept. 22 /PRNewswire-FirstCall/ -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA - News) announced today that the company is moving its corporate headquarters and franchise training facility to Baltimore, Maryland, effective October 15th. Additionally, the company has named Frank Pastore as the company's COO and Director of Franchise Sales and Training. This appointment is a continuation of the company's reorganization and development program initiated in late August. The Pastore family has owned and operated Italian style eateries for over a century. Mr. Pastore has been directly involved within the Food service industry for over 30 years, and is a well-respected businessman in the Mid Atlantic community. Mr. Pastore will lead all aspects of Franchise marketing and training for perspective franchisees and their employees. Mr. Pastore believes that there are several underdeveloped aspects of Papa Bello's business model that can be enhanced to provide additional sales and could lead to additional franchise expansion.In connection with the change in corporate location, the Las Vegas office will cease operations and all training and franchise operations will originate from Baltimore. In addition, Papa Bello will also begin work on new product lines and enhanced operational plans.Frank Pastore, COO of Papa Bello states, "I was thrilled when I received the offer to work with Papa Bello Pizza. I've been to their facilities and seen the quality of their products and their people. I truly believe wit...Click here to read the whole Article (external link)
Papa Bello Adds Two Independent Board Members
LAS VEGAS, Sept. 15 /PRNewswire-FirstCall/ -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA - News) announced today that it has added Edd Ozard and David Pieffer to the company's board of directors. Mr. Ozard is currently President and CEO of Pacwest Solutions, a human resource outsourcing and benefits provider based in Pleasanton, California. Mr. Pieffer is currently a department head with Crum & Forster, a property and casualty insurance provider located in Morristown, New Jersey. Both new board members have over 30 years of professional experience and intend to use their extensive contacts to help open up additional growth and expansion opportunities for Papa Bello. Mr. Ozard's vision carved a new path in the business industry: human resources outsourcing and consulting. PacWest Solutions and Higher Standards outsourcing provides personalized services for payroll, workers' compensation, health benefits and a myriad of other human resources functions that were previously headaches for the small to mid-size company.Mr. Pieffer has held senior roles with the Maryland Casualty, Zurich North America, Tokio Marine, and currently he leads a department within Crum & Forster. Mr. Pieffer's experience has given him a broad exposure to all aspects of the insurance business both in the U.S. and throughout the world. He has, over the years, participated in a variety of industry-related activities including RIMS, Underwriter's Laboratory, and worked with various brokers and associations.James Price, interim C...Click here to read the whole Article (external link)
Papa Bello Retains Pastore Food Corp to Assist in Corporate Planning and Expansion
LAS VEGAS, Sept. 9 /PRNewswire-FirstCall/ -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA - News) is pleased to announce that the company has hired Pastore Food Corp, of Baltimore, Maryland to assist the company in its corporate planning and growth process. Pastores will assist in managing franchise acquisition, management training, marketing and operational support for existing and future locations of Papa Bello franchises. James Price, interim CEO of Papa Bello Enterprises states, "We are thrilled to be working with Pastores in this new capacity. Their management visited our Cleveland, TN store two years ago and was so impressed with the concept that they purchased the area development rights to Delaware, Pennsylvania and Washington DC. Their name, reputation and work ethic will give us a significant leg up in establishing the Papa Bello brand and identity in the eastern region."Mr. Price continues, "It is the ultimate goal to have all Papa Bello locations owned solely by franchisees. This will allow Papa Bello to focus on streamlining its business and to attract new franchisees to accelerate its growth model. Over the past year, Papa Bello has taken many steps to help reduce internal and external operating costs, and it is our intention to continue on this path to profitability by either closing underperforming corporate owned locations or selling them to new franchisees. As the company makes its transition to new management we will continue to work with companies like Pastore Food Corp to help us penetrate ...Click here to read the whole Article (external link)
Aero Financial Acquires Controlling Equity Stake in Papa Bello Enterprises
SAN DIEGO, Sept. 4 /PRNewswire/ -- Aero Financial is pleased to announce today that the company has acquired the controlling equity stake in Papa Bello Enterprises (OTC Pink Sheets: PAPA - News) through a private transaction with Papa Bello CEO, Chase Canfield. Under the terms of the transaction, Aero Financial purchased 20,000,000 shares of Papa Bello common stock from Mr. Canfield. In closing the transaction, Mr. Canfield is stepping down as CEO of the company to engage in other business and entrepreneurial activities. However, Mr. Canfield will continue to work with Aero Financial to assist in facilitating a smooth transition. Consequently, Jim Price is named Chairman of the Board and interim CEO through the change of ownership and implementation of new policies and procedures.Jim Price, Chairman/CEO of Aero Financial, Inc. states, "Aero Financial is very excited to become more involved in Papa Bello Enterprises. We have been consulting with the company for approximately two years and we sincerely believe that it has the potential to become one of the most successful franchise companies in the world. Their business plan is well thought out, and with our team and expertise in the restaurant service industry, we believe we will add tremendous value to the company and its shareholders. Through our deep rooted contacts, both domestically and internationally, we will be able to drastically expedite the overall growth of Papa Bello worldwide."Chase Canfield, CEO of Papa Bello, states, "I believe through Aero Fin...Click here to read the whole Article (external link)
Papa Bello CEO Sells Majority Ownership Position to Aero Financial
LAS VEGAS, Sept. 4 /PRNewswire-FirstCall/ Papa Bello Enterprises (Pink Sheets: PAPA - News) announced today that Aero Financial has purchased 20,000,000 shares of stock from the CEO of Papa Bello, Chase Canfield, giving a majority ownership stake to Aero Financial. As controlling owner, Aero Financial will continue to provide financial, consulting and communications services to Papa Bello. In accordance with the transaction, Chase Canfield will resign his position as CEO with Papa Bello to allow him to pursue other business opportunities while actively consulting with the company and assisting in the transition process. Accordingly, Jim Price, CEO and Chairman of Aero Financial will become the Papa Bello interim CEO.Jim Price, Chairman/CEO of Aero Financial, Inc. states, "Aero Financial is very excited to acquire the controlling interest in Papa Bello Enterprises. We have been working with the company for almost two years and we sincerely believe that it has the potential to become one of the most successful franchises in the industry. Their business plan has been well thought out, and they have hit many of their growth projections ahead of schedule. We believe that through this transaction Papa Bello will continue its growth, both domestically and worldwide."Chase Canfield, CEO of Papa Bello Enterprises states, "I believe this acquisition with Aero Financial will provide Papa Bello the additional capital, infrastructure, and marketing resources it needs to diversify its' opportunities for future expansion ...Click here to read the whole Article (external link)
