Donini Inc. to Expand Through Acquisition
February 01 2010 - 9:30AM
Marketwired
Peter Deros, President of Donini, Inc. (PINKSHEETS: DNNC),
announced today that the Company continues to refine its plans for
expansion and will be reviewing the acquisition options as well as
growing the current business in the United States in the next
month. Mr. Deros explained that Donini will be concentrating only
on its core business of the food industry.
Mr. Deros stated, "I believe that the best opportunities for
growing the Company is through acquiring businesses that have a
symbiotic relationship with the pizza and food service business to
maximize revenue and profits. By adding businesses that are part of
the industry, the Company will be able to gain economies of scale
in the operations and offer additional items to its customers." He
concluded by stating that Donini has identified several candidates
and expects to enter into an agreement this quarter.
The Company's current business plans are being finalized for the
receipt of the first tranche of funding which will be devoted to
the planned upgrade of existing facilities.
About Donini, Inc.
Donini, Inc., a New Jersey Corporation, was established in 2001
when the company acquired control by way of a reverse merger of
Pizza Donini, a Canadian company that has been operating and
licensing Italian style restaurants specializing in pizza and
related products within the Greater Montreal Area in the province
of Quebec for over 20 years. The Company has recently completed a
consolidation of its operations by establishing two Canadian
Subsidiaries, Donini Group Inc. and Pizzacorp DTC Franchises Inc.,
whose purposes are; respectively, to hold and control the
intellectual property of the Company and to license the trademarks
and oversee the licensed franchisees of the marks. The Company
plans to expand its operations into the United States and the rest
of Canada.
Safe Harbor Statement
Certain statements in this press release that are not historical
facts are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
may be identified by the use of words such as "anticipate,"
"believe," "expect," "future," "may," "will," "would," "should,"
"plan," "projected," "intend," and similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Donini, Inc., (the Company) to be
materially different from those expressed or implied by such
forward-looking statements. The Company's future operating results
are dependent upon many factors, including but not limited to the
Company's ability to: (i) obtain sufficient capital or strategic
business arrangement to fund expansion plans; (ii) build
management, human resources and infrastructure necessary to support
growth; (iii) competitive factors and developments beyond the
Company's control; and (iv) other risk factors.
Contact: Peter Deros Donini, Inc. Phone: 514-956-0005 ext 2
pderos@pizzadonini.com
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