Papa Bello Enterprises Inc. (Pink Sheets: PAPA – News) is pleased to announce the company’s position to enter acquisition mode. As the second quarter begins, Papa Bello commences the due diligence process for acquisitions of existing quick-serve and fast-casual restaurant chains of various cuisines. Both domestic and foreign regions are under consideration.

Through the acquisition of other existing brands, Papa Bello expects to dramatically increase revenues and expand its operational infrastructure. The company sees the current economic environment as an ideal time to strengthen and grow its presence in the quick-serve restaurant industry and market segment.

Papa Bello also anticipates the near-future completion of the corporate audit currently underway. The projected audit finalization is scheduled before the end of next month and will serve as a launch pad to begin the next stage in conducting acquisitions.

“We’ve been presented with several opportunities that are of an extremely high interest,” says Chase Canfield, CEO of Papa Bello Enterprises. “Acquiring existing companies will assist us in maintaining our past growth patterns and fulfilling future expansion projections.”