SEATTLE — Bill the Butcher, Inc. the return of the neighborhood butcher, announced that it has raised $545,000 of equity financing in its fourth quarter ending August 31, 2011, bringing the total capital raised to over $3 million, as part of the initial $11 million raise. Bill the Butcher will use the new capital to continue expansion plans in the greater Seattle area and begin designing the launch of a transactional web site and start exploratory investigations into new markets in California and Texas.
Bill the Butcher is a retail butcher shop with six operating stores and three under construction, as well as a 5,000 sq ft. central commissary. Additional store locations are currently under site selection and lease negotiation and the company plans on having 14 stores open by March 2012. The company focuses on organic and natural meats raised using sustainable farming methods.
About Bill the Butcher, Inc.
Seattle-based Bill the Butcher, Inc. sells multi-species meats through corporate-owned neighborhood butcher shops. The Company works directly with local ranchers and farmers, who follow sustainable and organic practices, to deliver the highest quality meat that is healthiest for consumers while being good for the environment. Founded in 2009, Bill the Butcher is publicly traded under the symbol /quotes/zigman/600230 BILB -6.12% . Learn more at http://www.billthebutcher.com .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, statements related to our expansion plans and the development, build-out, and operation of our new commissary. Forward-looking statements reflect management's current expectations, as of the date of this press release, and involve certain risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including our ability to raise additional capital to fund our business and continue as a going concern; our ability to successfully implement our growth plan; our dependence on the financial performance of stores located in one geographic area; our ability to identify favorable sites for future stores and to obtain leases for new stores on acceptable terms; our ability to improve store sales and margins; and uncertainties related to expansion into new geographic markets. These and other factors that could cause future results to materially differ from our recent results or those projected in our forward-looking statements are described under the caption "Risk Factors" and elsewhere in our Quarterly Report on Form 10-Q for the quarterly period ended February 28, 2011 and in our other periodic reports filed with the Securities and Exchange Commission. You should not rely unduly on these forward-looking statements, which apply only as of the date of this release. We undertake no duty to publicly announce or report revisions to these statements as new information becomes available that may change our expectations.
Source: Bill the Butcher, Inc.