Centerplate Agrees to Sell One-of-a-Kind Pizza Cones at TD Bank Baseball Stadium
RED BANK, NJ--(Marketwire - 12/16/10) - Cono Italiano, Inc. (OTC.BB:CNOZ - News) the exclusive license holder for the North American Distribution and Manufacturing rights for "Pizza Cono," a one-of-a-kind, drip-free, cone-shaped pizza made from proprietary dough, debuts "Pizza Cono" at TD Bank Baseball Stadium, located in Somerset, New Jersey.
Under terms of the agreement with Cono Italiano, Inc., Centerplate Inc., a leading provider of catering and concessions in the U.S. and Canada for stadiums and convention centers , will sell the Pizza Cones at concession stands in TD Bank Ball Park, formerly known as Commerce Bank Stadium. A variety of Pizza Cone choices will be offered including traditional Pizza Cones, pepperoni and sausage. Mitchell Brown, CEO of Cono Italiano, Inc., said the Pizza Cone is the ideal concession for baseball fans. "Both kids and adults love the idea of eating pizza from a cone. What better place to enjoy one than at a baseball game," said Brown. "Cono Italiano, Inc. looks forward to continuing its relationship with Centerplate and other food providers whose focus is to provide food concession stands in stadiums and arenas throughout the U.S. and Canada."
About Centerplate
Wherever there's a sporting event, this concessions operator likes to be front and center. Centerplate is a leading provider of catering, concessions, and facilities-management services in the US, serving stadiums, convention centers, and other venues. The company's clients include professional baseball and football stadiums, minor league parks, and college sports stadiums. It provides catering and other services at convention centers, including the Jacob K. Javits Center in Manhattan, as well as at airports, parks, performing arts centers, and ski resorts. It also handles a number of special events, such as the Kentucky Derby Festival. Centerplate is owned by investment firm Kohlberg & Co.
About Cono Italiano, Inc.
Cono Italiano, Inc. owns the North American distribution and manufacturing rights for Pizza Cono. This Pizza Cone is designed to be a drip free, spill free cone-shaped pizza made of proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market. The Pizza Cone will be distributed to quick-service restaurants (QSR), takeaways, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making it one of the fastest growing categories in supermarkets and convenience stores. For more information please visit www.conoitaliano.com.
Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Actual results may differ materially from forward-looking statements due to various factors beyond the control of the Company. For further information regarding risks and uncertainties associated with the Company's business, please refer to the Company's filings which are publicly available on the website of the U.S. Securities and Exchange Commission.
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