Fast Casual Concepts Inc., which owns Pennsylvania-based Holy Cow Burgers and Ice Cream, Independent Taco and Third Eye Pies, has inked an agreement with a master franchisor to expand via food trucks and brick-and-mortar locations in Pittsburgh, Pennsylvania. Fast Casual Concepts will collect royalties on the master franchisor's gross revenue.

"A master franchisor adds a promising new dimension to Fast Casual's future," COO Timothy Seivers said in a company press release. "Our focus is to continue to grow the brand. The Pittsburgh area agreement supports this goal by allowing us to focus on franchising rather than daily operations of corporate locations."

Fast Casual Concepts' Board of Directors approved the retirement of 19% of the total number of common shares issued and returned them to the treasury.

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