Award Issued to X Capital Group

Online, July 12, 2011 (Newswire.com) - The X Capital Group received a prestigious Peterson Business Achievement Award for placing in excess of thirty million dollars ($30,000,000) in business transactions in the food and restaurant industry with enterprises comprised in the casual dining segment. According to David X Feingold, "the achievement of such recognition is rewarding and in the ever challenging business environment, this recognition is a testament to the fact that business and commerce are still alive and well even in this most depressed economy."

The casual dining sector has had difficulty in achieving expansion in light of the contraction of the economy. X Capital Group has been able to achieve results for clients by being creative and forming joint ventures with food suppliers, concept creators, franchisee/franchisor's and land/real estate companies. David X. Feingold further commented, "the standard business arrangement of getting conventional financing to do restaurant deals simply does not exist unless you are willing to pay above market interest for loans and put up substantial collateral. We have been able to create strategic relationships for clients to get transactions done in a cost efficient manner. We are proud of the entrepreneurial manner upon which we have achieved results for clients and are proud of the recognition received."

The casual dining industry includes some large well known chains such as McDonalds and Wendy's but their are literally dozens of restaurants, cafes, drive thru and alternate business concepts that generate profits but which cannot achieve the scale or profitability of the better known establishments. Nonetheless, each year small concepts do take off, as chains such as chipotle and panera bread have proven by starting out small and then having a larger party take over the marketing, sales and finance. X Capital Group will continue to serve clients in this sector as well as many additional sectors outside of the restaurant industry.