Donini Inc. to Expand Through Acquisition
March 02 2010 - 12:02PM
Marketwired
Peter Deros, CEO of Donini, Inc. (PINKSHEETS: DNNC) announced today
that the Company will be filing shortly its financial statement
with Pink Sheets for the period ending November 30, 2009. The
revenues were $61,441 with a loss of $12,119. These results are in
line with last year's performance, but are expected to improve as
the Company's expansion plans are commenced.
Mr. Deros stated that the Company has adopted a cautious
approach to its expansion plans due to the slowed economy, and has
been using this period to refine and improve the expansion
plans.
Mr. Deros concluded by stating that, with the improvement of the
marketplace and the strong prospects for funding, the expansion
should be well under way prior to the end of the fiscal year, May
31, 2010.
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.
Media Contact Contact: Peter Deros Donini, Inc Phone: 514-
956-0005 ext 2 pderos@pizzadonini.com
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