MONTREAL -- (Marketwire) -- 03/02/10 -- 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.
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