Cono Italiano secures $200,000 investment

 
July 26, 2011

The world may be one step closer to eating cone-shaped pizza. Cono Italiano Inc. the exclusive license holder for the North American Distribution and Manufacturing rights for "pizza cono," a drip-free, cone shaped pizza made from proprietary dough and manufacturer of frozen foods, has received a $200,000 investment.

The unnamed investor will receive 4.9 million shares of restricted common shares of Cono Italiano Inc.

"The company was selective in choosing the investor, we were not just seeking capital, we were seeking the right individual who believes in what the company has to offer today and in the future and will be with the company for the foreseeable future," said President and CEO Mitchell Brown.

The securing of these funds will afford the company the opportunity to continue with its expansion and purchase the necessary equipment to grow Pizza Cono and its new frozen food products.

For more info on growth, visit the Franchising and Growth research center.


Topics: Financing and capital improvements , Food & Beverage , Franchising & Growth


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