Energy Edge Technologies to acquire stake in Power Pizzeria
Energy Edge Technologies Corporation has entered into an agreement with Power Pizzeria to acquire a 49-percent stake in the pizza company. While specific terms are being negotiated, Power Pizzeria management said the transaction is anticipated to close in the second quarter.
According to a news release, the Power Pizzeria system includes six units, all in Miami, with one additional restaurant in development.
"Power Pizzeria provides an instant franchising platform to support our growth initiatives," EEDG CEO James Boyd said in the release. "We anticipate utilizing our co-branding expertise and top level foodservice connections to gain access for our brands into high profile locations."