Donini to Explore Strategic Relationships in the Montreal Area
23 Junio 2009 - 8:00AM
Marketwired
Mr. Deros, President & CEO of Donini, Inc., (PINKSHEETS: DNNC),
reported today that the Company continues to explore various
strategic opportunities in the local Montreal market with private
food chains ranging in size from 5 to 35 units.
Mr. Deros noted, "Any one of these potential acquisitions or
joint ventures would enhance the business of Donini substantially
because of their natural synergism with our Company. No terms have
been reached as of yet but we are confident one transaction will
close within the next several months. Oddly," Mr. Deros added,
"these opportunities have arisen from the ashes of bad times. While
all of these potential partners are solid profit-making companies,
these entities see the benefit of joining up with a Company
carrying solid management, such as Donini, particularly with its
long history in the franchise field, emphasis on quality products
and Donini's public stockholder base." Mr. Deros stated that he
will report on future details regarding these potential
transactions.
Mr. Deros concluded by adding that these potential opportunities
are in addition to the Company's existing expansion plans in the
United States and Canada.
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 been recently
completed a consolidation of its operations by establishing two
Subsidiaries, Donini Group Inc. and Pizzacorp DTC Franchises Inc.,
whose purposes are; 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 Pizza 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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