Locasystem International Acquires Minority Ownership in Gourmandia USA LLC
Gourmandia USA LLC, a provider of free on-demand food recipe videos and lifestyle videos, announces that Locasystem International SA has acquired a minority ownership interest in the company.
(PRWEB) November 19, 2007 -- Locasystem International SA (www.locasystem.com) today announced that it has acquired a minority ownership interest in McLean, Virginia-based Gourmandia USA LLC (www.gourmandia.com), a provider of free on-demand food recipe videos and lifestyle videos from the world's best chefs and restaurants. Financial terms of the transaction were not disclosed.
In announcing Gourmandia.com’s minority ownership acquisition, Locasystem International Chairman and CEO Jacques Maugin said, "An investment opportunity we couldn’t miss! As opposed to many video sites that strive for video quantity with no due regard to quality, Gourmandia has identified a niche in the food industry and has a well thought-out plan to become the leader in that niche. I am absolutely convinced that Gourmandia will for years to come be the absolute leading food video platform for true gourmets. The platform already has an impressive list of the world's best chefs and restaurants, with more chefs and restaurants continuing to signup. Our cash injection will provide Gourmandia with the technology tools necessary for them to gain a competitive advantage over its competition."
Earlier this year, Gourmandia USA launched its food video recipe platform in the USA and is already experiencing a tremendous growth in viewers base and membership.
Gourmandia USA's CEO Ray Kuate said, "We are honored to have deserved the trust of Locasystem International; their money injection will allow our company to sustain its unbelievable growth with more to come!"
About Gourmandia USA.:
The whole family (and your wicked mother-in-law) is coming for dinner. For impressive recipes that aren't tired, try inviting a Michelin-starred chef over for a few suggestions. www.gourmandia.com makes this happen.
Gourmandia will bring Burgundy's three-star Chef Georges Blanc into your kitchen to make his world-famous chicken fricassee with cream sauce. (His hint: There's never too much pepper.) Gourmandia even has Paris's two-star Chef Hélène Darroze walk you through her recipe for roasted peaches. On Gourmandia's site, the chef can be seen in action and recipes can be printed for your use.
Gourmandia also presents the Lifestyle Arts that go with these mouthwatering dishes. Learn how to fold napkins into the elegant shapes seen in the fanciest hotels of Europe. Or how about ordering the right wine for your dish right there on the site and even grocery shopping for the right ingredients. Watch videos about the top resorts around the world and even recommend your favorite restaurants in your neighborhood. Enter the world of Gourmandia.com, great cuisine is only a mouse-click away.
About Locasystem International SA:
Locasystem offers a new approach to the financing of traditional or advanced equipment through its 6 main subsidiaries:
- LOCINFOR, has great experience in hiring out IT systems to multinational companies and local authorities,
- EURINFI et MAINTIC / DECI DEVELOPPEMENT, provide the financing for the bureaucratic base and capital goods of large companies,
- LISFINA, finances redeemable capital goods according to standard periods of time from 6 to 60 months,
- PROLEASE finances manufacturers, distributors and retailers of capital goods,
- LP SERVICES, specialized in the maintenance of printers.
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