SOURCE: Donini Inc.

June 06, 2007 10:47 ET

Donini Inc. (PINKSHEETS: DNNI) Responds to Shareholder Inquiries Regarding Expansion

MONTREAL--(Marketwire - June 6, 2007) - Donni Inc. (PINKSHEETS: DNNI) is pleased to respond to numerous shareholder inquiries regarding the Company's expansion plans.

"Donini has received numerous shareholder inquiries regarding our expansion plans. The Company is reviewing three targets for possible acquisition," said Peter Deros, President of Donini Inc. Furthermore, Mr. Deros advised us that, "All of these acquisition targets have proven business models and are leaders in the fast food marketplace with large top line revenue numbers."

Mr. Deros added, "A successful transition to the Donini family requires careful negotiation and our due diligence process is quite extensive. We will make an acquisition which builds shareholder equity and will be largely non-dilutive for Donini's present stockholders. We are confident that we will find a perfect fit for our business in Montreal and our growing efforts in Toronto and New Jersey."

In closing, Mr. Deros stated, "The Company intends to execute a value added business combination and we are confident that we will be able to close a transaction very soon, hopefully by month end."

SAFE HARBOR STATEMENT

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by the Company.

Contact Information

  • For further information please contact:
    Peter Deros
    President
    Donini Inc.
    514-956-0005(O)
    514-892-6070(C)
    pderos@pizzadonini.com