February 2, 2010 (FinancialWire) — Papa Bello Enterprises (OTC: PAPA) said it has signed a letter of intent to acquire the Royal India Express, a San Diego based, fast casual, Indian restaurant concept.

Established in 2005, Royal India Express operates one location in the Horton Plaza Shopping Mall in the Gas Lamp Quarter of downtown San Diego. The company is researching additional sites in Southern California for future expansion.

The Royal India Express is the creation of the Kambo Brothers, Sam and Jag. They also operate Papa Bello’s Kebab Cafe concept.

Papa Bello said the acquisition is pending further due diligence and is expected to close on or around February 28, 2010.

Baltimore-based Papa Bello Enterprises owns, operates, and franchises food service restaurants in the United States and abroad.

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