Quick Service - Health Conscience Restaurants Poised to Lead Fast-Food Industry Boom

MIAMI, Florida, July 26, 2013 /PRNewswire/ --

GRILLiT Inc. (OTC: GRLT) (the "Company") announced earlier this week it has established a $3 Million line of credit with TCA Global Credit Master Fund. The Company has already received an initial drawdown of $250,000. GRILLiT intends on using the line of credit to execute its plans for expansion and to fund marketing and branding campaigns.

Last year, restaurant sales in the United States increased 4 percent to $425.6 billion, and sales are expected to again increase by 3.8 percent in 2013. According to MarketLine, the world fast-food industry is expected to generate nearly $240 billion in 2014, with the quick-service segment accounting for 71 percent of the overall market value. The Americas account for nearly half of the overall global market share.

GRILLiT CEO Raymond Dias has stated he believes TCA Global Credit to be a "reliable financial partner" as the company aims to take advantage of the rapidly growing quick-service restaurant industry. 'This access to capital will greatly enhance our ability to expand our operations," said Dias.

In other recent news, GRILLiT also announced the appointment of Mr. Ghazi Hajj as the Company's Chief Executive Officer and elected as the Chairman of its Board of Directors. Mr. Hajj is a renowned leader in the fast casual and quick service restaurant industry, as he features a resume that includes over 23 years of managing experience at companies including Salad Creations, Quiznos, Chicken Kitchen and Little Caesars. To view more recent news, please go to:

http://finance.yahoo.com/news/grillit-inc-appoints-chief-executive-115000808.html

http://finance.yahoo.com/news/grillit-enters-loi-acquire-third-123000471.html

About GRILLiT

GRILLiT (OTC: 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.

Forward Looking Statements:

Statements in this press release that are not purely historical facts, including statements regarding GRILLiT's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1996. Such statements consist of any statement other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "plan", "may", "expect", "anticipate", "intend", "estimate" or "continue" or the negative thereof or other variations thereof or comparable terminology. The reader is cautioned that all forward-looking statements are speculative, and there are certain risks and uncertainties that could cause actual events or results to differ from those referred to in such forward-looking statements. This disclosure highlights some of the important risks regarding our business. Specifically, the reader should not place undue reliance on statements regarding our ability to finalize the closing of this line of credit or acquire a new store location in the Miami, FL area.  Additionally, there are number of other risk factors relating to our business more fully explained identified by us in our filings with the OTC Markets, which are available through http://www.otcmarkets.com.

Contact: 
Robert L. Tucker 
Director of Corporate Development
rltucker@grillitinc.com 
Tel: +1-(305) 514-0326
Facebook: https://www.facebook.com/FreshGRILLiT 
Twitter@freshgrillit

SOURCE FN Media Group, LLC