Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Instagram Outage Disrupts Thousands of U.S. Users 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SCOTTSDALE, Ariz., Feb. 05, 2016 -- Kona Grill, Inc. (NASDAQ:KONA), an American grill and sushi bar, today announced the signing of a franchise development agreement with Entretenimiento Roma S.A. de C.V. The agreement provides for the development of six Kona Grill restaurants in the cities of Mexico City and Monterrey, NL over the next seven years.
“We are excited to announce a major step forward in our international strategy with the signing of this agreement. Our agreement with Grupo Roma enables us to expand the Kona Grill brand internationally and provides us with another growth opportunity that enhances our ability to deliver shareholder value,” said Berke Bakay, President and CEO.
“We are proud to partner with Kona Grill and be the company’s first franchisee to develop and operate this unique restaurant concept internationally. Kona Grill’s differentiated menu offerings and contemporary design coupled with our local market expertise and strong history of operating successful companies, provides a great foundation for this endeavor,” said Jose Rodolfo Martinez Montes, CEO and President.
About Kona Grill
Kona Grill (NASDAQ:KONA) features a global menu of contemporary American favorites, award-winning sushi, and specialty cocktails. Kona Grill owns and operates 37 restaurants, guided by a passion for quality food and personal service. Restaurants are currently located in 19 states and Puerto Rico: Arizona (Chandler, Gilbert, Phoenix, Scottsdale); Colorado (Denver); Connecticut (Stamford); Florida (Miami, Sarasota, Tampa); Georgia (Alpharetta); Idaho (Boise); Illinois (Lincolnshire, Oak Brook); Indiana (Carmel); Louisiana (Baton Rouge); Maryland (Baltimore); Michigan (Troy); Minnesota (Eden Prairie); Missouri (Kansas City); Nebraska (Omaha); New Jersey (Woodbridge); Nevada (Las Vegas (2)); Ohio (Cincinnati, Columbus); Puerto Rico (San Juan); Texas (Austin, Dallas, El Paso, Fort Worth, Friendswood, Houston, Plano, San Antonio, The Woodlands); Virginia (Arlington, Richmond). For more information, visit www.konagrill.com.
About Grupo Roma
Grupo Roma was founded in 1971 by the current Chairman of the Board Jose Rodolfo Martinez Montes. Since its founding, the group has developed many residential, industrial, infrastructure, retail and institutional projects, in which all 27 different entities that currently constitute Grupo Roma have participated. Grupo Roma's presence expands throughout 10 different cities in the states of Chihuahua, Coahuila, Durango and Queretaro in Mexico and Texas in the United States.
Contact: Christi Hing, Chief Financial Officer Kona Grill, Inc. 480-922-8100 [email protected]
