SOURCE: Donini Inc.

May 11, 2007 12:17 ET

Donini Inc. (PINKSHEETS: DNNI) Reaches Agreement to Launch US Expansion

MONTREAL -- (MARKET WIRE) -- May 11, 2007 --Donini Inc. (PINKSHEETS: DNNI) is pleased to announce that the company's expansion plans are moving forward as scheduled. The company has struck a deal to bring the Donini Resto Bar and Donini Express Concept to Newark, NJ. Donini has entered into an agreement to acquire Pronto Cena Ristorante at One Riverfront Place in Downtown Newark. "The restaurant is located in a large business center which has over 10,000 business and professional staff working there on a daily basis," said Peter Deros, President of Donini Inc.

Furthermore, Mr Deros commented that, "The company intends to use this new restaurant as a flagship to enter the eastern US market with a focus on New York City, which is one of the largest restaurant markets in the world. The company has restructured and is ready to announce more area development agreements. As well there is an aggressive acquisition program which will build value for shareholders on a going forward basis. The franchise model limits the financial burden on our corporation and gives shareholders maximum upside when success is acheived. Donini has a solid reputation in its market and is looking forward to a rapid and successful expansion to bring quality products to numerous markets."

In closing , Mr Deros added, "The company intends to release news to shareholders on a timely basis as we are in entering a rapid growth phase which should translate into significant increases to our top line revenue numbers."

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.
    514-327-6006(O)
    514-892-6070(C)
    pderos@pizzadonini.com