Latitude 360, Inc. (LATX) Announces Execution of Management Agreements for Two New Locations and Enters LOI to Purchase Three Stores
Today before the opening bell, Latitude 360, Inc., the "ultimate upscale multi-dimensional entertainment eatery," told investors that it has entered into management agreements for two locations of Revolutions, an upscale bowling, dining & entertainment concept owned by Frank Entertainment. The company intends to later acquire these two stores plus a third location in the near future via a Preferred Equity transaction. The company expects these new locations to operate as Latitude 360 in the fourth quarter of this year. The move is part of Latitude 360’s expansion strategy and will effectively double the number of locations. The company has also…