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United Kingdom

Giggles N' Hugs Inc (GIGL.PK)

GIGL.PK on OTC Markets Group

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22 Jul 2019
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Summary

Name Age Since Current Position

Joey Parsi

47 2018 Chairman of the Board, Treasurer

John Kaufman

2015 Interim President

Philip Gay

60 2018 Chief Executive Officer, Director

Sean Richards

45 2012 Chief Officer - Operations, Secretary

Biographies

Name Description

Joey Parsi

Mr. Joey Parsi is has been appointed Chairman of the Board, Treasurer of the Company effective April 1, 2018. He was President, Chief Executive Officer, Treasurer, Director of Giggles N' Hugs, Inc. Mr. Parsi has been a member of the Registrant’s board of directors since October 5, 2010. Mr. Parsi is a founder of Giggles N Hugs Restaurant, a children’s themed restaurant with play areas for children 10 years and younger and serve healthy, gourmet food. By having a restaurant with a play area, parents are able to enjoy a relaxing healthy gourmet meal, while their kids are entertained. Since the launch of Giggles N Hugs, Mr. Parsi and the restaurant have been praised and revered by parents from all over the world. Mr. Parsi has been featured in Businessweek Magazine, the Los Angeles Business Journal, Los Angeles Times, People Magazine, US Weekly, OK Magazine, and many TV shows, including FOX News, Extra TV, Entertainment Tonight, TV Guide Channel, and most recently, The Talk on CBS amongst others. Between 1991 and 1994, Mr. Parsi served as an Investment Advisor for Lehman Brothers. From 1994 to 1996, Mr. Parsi served as Senior Vice President at Sutro and Company, where he managed and oversaw millions of dollars for individual and institutional investors specializing in IPOs and technology equities. Between 1996 and 1998, Mr. Parsi worked at Prudential Securities, where he oversaw client assets in a number of investments, including fixed income assets, equities, and mutual funds. In 1998, Mr. Parsi opened Barron Chase and was able to expand the company to more than 30 employees.

John Kaufman

Mr. John Kaufman is Interim President of Giggles N' Hugs, Inc. While at CPK, Kaufman worked alongside Philip Gay who was the CFO, and currently serves as chief business development officer of Giggles N' Hugs. Together with the founders of CPK, Kaufman and Gay laid the foundation and grew the company from one location to more than 70 locations when he left the company after its sale to Pepsi co. After his success at CPK, Kaufman was recruited by Lee Iacocca Chairman of Koo Koo Roo and former Chairman and CEO of the Chrysler Company, to lead operations as president and COO of Koo Koo Roo, one of the fastest growing healthy casual restaurant concepts. In less than three years, Kaufman and the Koo Koo Roo team opened an additional 20 locations, bringing the total to 45, and turned the company from cash flow negative to cash flow positive by focusing resources on the core brand, increasing performance, controlling costs, and improving customer service. During Kaufman's 36 years of experience in the restaurant industry, he has opened more than 100 restaurants including 2 of his own, Truxton's American Bistro. Kaufman has worked with some of the most successful restaurant companies to maximize operational effectiveness and significantly increase cash flow and customer counts. By combining his proven leadership skills with a deep understanding of the food industry operations, P&L management, menu/brand development, and systems and procedures, Kaufman created beneficial relationships with owners, staff, customers, and management that enabled him to achieve and maintain substantial increases in productivity, service, and profitability.

Philip Gay

Mr. Philip Gay has been appointed Chief Executive Officer, Director of the Company effective April 1, 2018. Mr. Gay most recently served as the Company's Chief Business Development Officer and brings nearly three decades of industry-related senior executive experience to Giggles N' Hugs. Mr. Gay, also currently serves as Managing Director of Triple Enterprises, a business advisory service firm that assists mid-cap sized companies with financing, mergers and acquisitions and strategic planning, where he will continue his roll. From 2004 to 2010, he served as director, president, and Chief Executive Officer of Grill Concepts, a publicly-traded operator of upscale casual and fine dining restaurants throughout the U.S. From March 2000 to November 2001, Mr. Gay served as an independent consultant with El Paso Energy and assisted El Paso Energy with its efforts to reduce overall operating and manufacturing overhead costs. Previously he served as the Chief Financial Officer for California Pizza Kitchen, where he, and John Kaufman, COO, and the founders lead the company's expansion to over 100 locations throughout the country before the sale of the company to Pepsi Co. From 1994 to 1996 Mr Gay served as the CFO, ultimately becoming CEO of Wolfgang Puck Food Company. He has held various COO and CEO positions including Color Me Mine and Diversified Food Group. Mr. Gay currently sits on the Board of Directors of Motorcar parts of America (MPAA), a half billion dollar publicly traded manufacturer and distributor of automotive aftermarket parts.

Sean Richards

Mr. Sean Richards is a Chief Officer - Operations and Secretary of Giggles N Hugs Inc., since February 23, 2012. Mr. Richards has worked as Chief Officer of Operations (“COO”) of Giggle N Hugs, LLC., a children’s themed restaurant with play areas for children 10 years and younger that serves healthy, gourmet food since February 2012. As the COO of Giggles N Hugs, LLC., Mr. Richards is responsible for the day-to-day operations of the restaurant, including all marketing, HR, service standards, facility management, training, financial performance and strategic growth planning. Between March 2010 and March 2011, Mr. Richards served as a Sales Associate with Sysco, where he provided sales and consulting services to a multitude of restaurant groups. From January 2008 to February 2010, Mr. Richards served as a General Manager of the Pink Taco and the Viper Room of Larry Morton Holdings, LLC, where he was responsible for overseeing the operations of 400+ seat hi-energy Mexican restaurant/bar with annual sales of over $9.4 million and a 300 person live music venue on the Sunset Strip. From June 2003 to January 2008, Mr. Richards served as a Regional Director of Hootwinc, LLC where he was responsible for overseeing the operations of 7 Hooters Restaurants, 1 Casino and 2 bars in Washington and Oregon.

Basic Compensation

Name Fiscal Year Total

Joey Parsi

300,000

John Kaufman

--

Philip Gay

--

Sean Richards

152,115
As Of  31 Dec 2014

Options Compensation

Name Options Value

Joey Parsi

0 0

John Kaufman

0 0

Philip Gay

0 0

Sean Richards

0 0