RED BANK, N.J., March 7, 2011 /PRNewswire/ -- Cono Italiano, Inc. (OTC Bulletin Board:CNOZ.ob - 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 and "on the go frozen food products" is pleased to announce their new production facility will soon be completed.
"We have a high level of confidence this facility will allow Cono Italiano, Inc. to manufacture product with the highest level of integrity and efficiency," said Mitchell Brown, CEO, Cono Italiano. "We will not only manage our cost to produce cones, this facility will provide us the necessary resources to develop new products, and expand on our line of frozen food products."
The facility will consist of a fully automated production line, along with a fully automated filling line to produce frozen food products to be packaged and sold to QSRs, Convenience Stores and Supermarkets.
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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