The Board of American Restaurant Holdings, Inc. (OTCPK:ARHI) announced the spin-off of 95.4% stake in Muscle Maker, Inc. on March 23, 2017.

The Board of American Restaurant Holdings, Inc. (OTCPK:ARHI) completed the spin-off of 95.4% stake in Muscle Maker, Inc. on March 23, 2017.