LOS ANGELES, CA — July 2, 2013 (Zengirlmedia) — Okra Restaurant Group, Inc. (the “company”) (OKRA) today announced its plans to offer shares of its newly designated Series A Term Preferred Shares (the “preferred stock”) in a confidential private placement memorandum offering. The private placement offering price and other terms of the Preferred Stock are to be determined by negotiations between the company and its capital markets advisors.

Shield Capital Markets, LLC, and Richard Bjorkman of Contract CFO Services, early stage and middle market specialist are acting as lead advisors for the offering.

The company plans to use net proceeds from the offering for development in current and future projects, and general working capital purposes, which may include payment of operating expenses, including advisory and administration fees and expenses.

This press release does not constitute an offer to sell or the solicitation of an offer to buy Securities in this offering or any other securities nor will there be any sale of these securities, or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualifications under the securities law of such state or jurisdiction.

The Preferred Stock will be offered and sold pursuant to the Company’s shelf registration statement relating to such securities on file with and declared effective by the Securities and Exchange Commission. The offering of the Preferred Stock may be made only by the means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from Okra Restaurant Group, Incorporated, Attn: Investors Relations, 19042 Arminta Street, Reseda Ranch, Ca. 91335 (Telephone Number 818-299-1315). Investors are advised to carefully consider the investment objectives, risks, charges and expenses of the Company before investing. The Confidential Private Placement Memorandum, dated June 10, 2013 which will be filed with the Securities and Exchange Commission no later than 15 days of receipt of the first signed Subscribers Agreement, contain a description of matters and important information about the Company and should be read carefully before investing.

About Okra Restaurant Group, Inc.

Okra Restaurant Group, Inc. is a private closely-held restaurant and hospitality company. It currently seeks to achieve its investment objective of maximizing total return by investing in upscale moderately priced Quick Serve Restaurants (QSR), primarily investing in the Fast Casual Sandwich/Barbeque segment with strategically placed outlets in mainstream markets or markets ripe for redevelopment and growth.

Forward-Looking Statements

This press release contains forward-looking statements subject to inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of net proceeds of the Company’s securities offering. Any statement that is not of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates,” and similar expressions) should also be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events.
Richard Bjorkman