LOS ANGELES, CA--(Marketwire - Aug 29, 2012) - Giggles N' Hugs, Inc. (OTCQB: GIGL) (PINKSHEETS: GIGL), an upscale, children's themed restaurant, has added Glenn Golenberg to its recently established advisory board effective August 15, 2012.
Glenn Golenberg, CPA, joins the Giggle N' Hugs advisory board with a wealth of capital markets knowledge and significant experience as an entrepreneur. He is the co-founder and managing director of Golenberg & Company and managing director of The Bellwether Group, a merchant banking firm that provides growth solutions for expansion-stage private companies and middle-market public companies. Glenn is also a founding partner of University Equity Capital and co-founder of K/E Medical Centers. Mr. Golenberg has served on many public and private company boards over the years.
"Glenn's wealth of experience in capital formation and his entrepreneurial spirit will be a tremendous asset to our team," said Joey Parsi, Giggles N' Hugs founder, president and CEO. "His proven expertise is demonstrated by his advising on over 200 transactions throughout his career, many in the restaurant business, which should prove to play a critical role as we ramp up to grow our unique concept."
Golenberg will join Joan Barnes, a consumer industry veteran who co-founded Gymboree, on the recently established Giggles N' Hugs advisory board.
Golenberg commented: "It's clear that Giggles N' Hugs is committed to delivering quality food in an atmosphere that both children and adults can enjoy. I think a culture like this is essential when building a premier yet unique children's restaurant concept, and I'm looking forward to joining the team to help unlock its full potential."
Joey Parsi founded Giggles N' Hugs in 2007 after what he describes as a "void in the marketplace" for restaurants that encourage kids to be themselves and play while parents can enjoy a quality meal in a casual setting. Giggles N' Hugs has become a hot spot for all parents, including many Hollywood celebrities such as Adam Sandler, Mark Wahlberg, Halle Berry, Jennifer Garner and Ben Affleck, to name a few. Giggles N' Hugs has also been featured in many news and entertainment publications, including Bloomberg BusinessWeek, Forbes, People Magazine, US Magazine, New York Post and many others. Among its family-friendly vibe, Giggles N' Hugs is also known for their own creation called "Mom's Tricky Treat Sauce," which includes pureed vegetables in kids' favorite meals such as pizza and macaroni and cheese.
About Giggles N' Hugs
Giggles N' Hugs, Inc. (OTCQB: GIGL) is an upscale, children's themed restaurant where play time, healthy food and happy parents converge. The restaurant is designed to create a fun, casual, family atmosphere where children 10 and under can interact with their parents and each other while enjoying freshly prepared, organic, nutritious and reasonably-priced food. Giggles N' Hugs also features daily live entertainment and shows. Headquartered in Los Angeles, CA, Giggles N' Hugs operates one restaurant in the Westfield Mall in Century City, CA with construction underway for another location in the Westfield Topanga Shopping Center in Canoga Park, CA. For more information, please visit www.gigglesnhugs.com.