PALM BEACH, Fla., Nov. 10, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp.’s (Nasdaq: OPES) business combination target, BurgerFi International (BurgerFi), is reporting preliminary financial results for the third quarter ended September 30, 2020. The preliminary results are subject to completion of BurgerFi’s quarterly financial reporting process and the preparation of the unaudited financial statements for the quarter.

BurgerFi currently expects total revenue for the third quarter of 2020 to be in the range of $9 million to $9.2 million compared to $8 million in the second quarter of 2020 and $8.2 million in the third quarter of 2019. BurgerFi had seven new restaurant openings year-to-date through September 30, 2020, with plans to open an additional six new restaurants in the fourth quarter ended December 31, 2020.

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“BurgerFi is a remarkable partner for OPES and we believe it will prove to be an attractive public company given its unique positioning within the rapidly expanding ‘better burger’ space,” said Ophir Sternberg, Chairman & CEO of OPES Acquisition Corp. “We look forward to consummating the business combination and expect BurgerFi to continue to show tremendous shareholder value.”

Julio Ramirez, newly appointed BurgerFi CEO, stated: “Strategic and focused development and organic growth are key to expanding successfully. Our deliberate growth plan enhances digital guest experiences, provides an eco-friendly footprint, leverages our team members’ proactive attitude towards service, and has a single-minded operational focus on delivering great tasting hand-crafted food.”

Commenting on BurgerFi’s performance, President Charlie Guzzetta said: “BurgerFi has continued to dominate the ‘better for you’ segment with outstanding quality. We are currently developing best-in-industry advances in technology, optimizing our digital ordering channels to ensure our service is not only outstanding, but safe and meets all guests’ individual preferences.”

About OPES Acquisition Corp.

OPES Acquisition Corp. (Nasdaq: OPES, OPESW) is a special purpose acquisition company headquartered in Miami and organized for the purpose of effecting a merger, asset acquisition, stock purchase or other similar business combination with one or more businesses or entities. For more information, please visit www.opesacquisitioncorp.com.

About BurgerFi
Established in 2011, BurgerFi is among the nation's fastest-growing better burger concepts with approximately 125 BurgerFi restaurants domestically and internationally. The concept was chef-founded and is committed to serving fresh food of transparent quality. BurgerFi uses 100% natural American angus beef with no steroids, antibiotics, growth hormones, chemicals or additives. BurgerFi placed in the top 10 on Fast Casual's Top 100 Movers & Shakers list in 2020, was named "Best Burger Joint" by Consumer Reports and fellow public interest organizations in the 2019 Chain Reaction Study, listed as a "Top Restaurant Brand to Watch" by Nation's Restaurant News in 2019, included in Inc. Magazine's Fastest Growing Private Companies List, and ranked on Entrepreneur's 2017 Franchise 500. To learn more about BurgerFi or to find a full list of locations, please visit www.burgerfi.com, 'Like' BurgerFi on Facebook or follow @BurgerFi on Instagram and Twitter.