Turbo Global Partners, Inc. (OTC Pink: TRBO) operates as an advertising services company, which specializes in indoor display syndicated advertising services. Shares of the advertising company skyrocketed 110.67%, through trading on Friday, May 3, 2019. Over the past month, Turbo Global Partners has seen average daily volume of 24,512 shares. However, volume of 770,201 shares or dollar volume of $57,765, has already exchanged hands during trading on Friday.
Shares of Turbo Global Partners are skyrocketing on Friday, after the company announced it has entered into a Memorandum of Understanding to launch a strategic alliance with Pizza Partners Operations, LLC, a multi-unit owner/franchisee of Sbarro Pizza. Turbo Global will be in charge of providing all the necessary advertising, marketing, and indoor display services. The specific terms of the collaboration were not released. Here is the full press release detailing of the strategic alliance:
Turbo Global Partners, Inc. Press Release:
Carson City, NV, April 02, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — TURBO GLOBAL PARTNERS, Inc. (TRBO) announces it has signed a Memorandum of Understanding for a Strategic Alliance with Pizza Partners Operations, LLC “PIZZA PARTNERS” Multi-Unit Franchisee of Sbarro® Pizza and Florida Developer, as sole-source supplier of Advertising, Marketing and Indoor Display Services.
Mr. Robert Singerman, Chairman & CEO, states, “Sbarro Pizza is the oldest pizza franchise in the U.S., starting business in 1956. Consumers that travel through airports, as well as consumers that frequent food courts in malls world-wide have seen one of the most recognizable brands – Sbarro Pizza – and odds are, enjoyed their 100% authentic New York style pizza, with Mama Sbarro’s original recipes along with other numerous authentic menu items, all created fresh daily in the Sbarro on-site kitchens.” Terms of the sole-source agreement were not released.
Singerman continues, “As Master Franchisee, PIZZA PARTNERS has commenced roll-out of the next generation store model under the Sbarro brand: the Sbarro Neighborhood Store. Under the MOU, TRBO is sole-source for supplying marketing and advertising services for PIZZA PARTNERS including indoor digital displays with syndicated advertising blended with freshly branded Sbarro content. The syndicated display advertising and Sbarro branding under TRBO’s deployment will reach all advertising channels, including indoor digital displays, as well as radio, television and print – and digital, mobile and social platforms. The Strategic Alliance meets our focus on business that generates long-term predictable renewable cash flow for our shareholders, stakeholders and alliance partners. This Strategic Alliance includes integration of TRBO’s social agenda with our non-profit activities in all messaging as well – we are delighted with this corporate milestone.”
Mr. Joseph Candito, Co-Founder of PIZZA PARTNERS and President of Subway SW Regional Developing Inc., formerly a 20-year Development Agent with Subway® owning/operating 21 Subway Franchised stores and overseeing 143 Subway Franchisees and stores states, “At Subway, our advertising and marketing model was a winner. All franchisees paid a percentage of net revenue every month for advertising and marketing services. We are using the same model for every store in our PIZZA PARTNERS system with TRBO.”
Mr. Candito continues, “I’ve known Bob Singerman for 10 years, and have worked on several projects together, both of us have always been out-of-the-box thinkers, after all the $5-dollar foot-long campaign was a major change in Subway’s prior marketing campaigns. I was the first to roll out the campaign in our SWFL territory Florida winning me one of the two President’s awards from Subway / DAI Franchisor. We proved the concept in all of the stores in my development area; what followed was Subway’s roll-out system-wide, to date the most successful advertising and marketing campaign ever for Subway. Now with TRBO and PIZZA PARTNERS forming our Strategic Alliance for exclusive marketing and advertising services, I can describe our alliance in one word: Epic!”
ABOUT TURBO GLOBAL PARTNERS, Inc. www.TurboGlobalPartners.com
TURBO GLOBAL PARTNERS, trading on the OTC symbol “TRBO”, is an Indoor Display Syndicated Advertising Services Company that places syndicated advertising anywhere in the world on digital displays – such as inside independent pharmacies, restaurants, franchise operations and any small business – generating long-term renewable predictable advertising revenue and cash-flow. TRBO’s social agenda includes helping non-profits better connect, communicate and collaborate using TRBO’s media and technology platforms – view at www.OrgAmerica.org
ABOUT PIZZA PARTNERS OPERATIONS, LLC
PIZZA PARTNERS OPERATIONS, LLC is Partners in the “Master Development Agreement” and is Multi-Unit owner with the Sbarro Pizza Franchise, owns and operates five Sbarro Pizza stores in Florida in addition to four Subway Stores. In addition, Joseph Candito holds the rights to recruit agents for Sbarro’s “Development and Agent Agreements” in Texas, Nevada, Connecticut for Sbarro Neighborhood Stores. Sbarro is the original XL NY Style Pizza and Classic Italian recipes like pasta, stromboli & salad from the Sbarro family who started it all. 600+ locations worldwide.
Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not pAlace undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.