Cono Italiano, Inc. Enters Into Negotiations With Investors

RED BANK, N.J., May 25, 2011 /PRNewswire/ -- Cono Italiano, Inc. (OTC.BB: CNOZ), 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 manufacturer of frozen foods, is pleased to announce it has entered into negotiations for a minority equity position into Cono Italiano, Inc.

Cono Italiano, Inc. has begun negotiations with investors who are interested in purchasing a minority equity position into Cono Italiano, Inc. "Should a deal be consummated, these funds will be very instrumental in the expansion of Cono Italiano, Inc. and will afford the company the opportunity to generate sales and revenues for Pizza Cono and their new frozen food line to be launched in 2011," stated CEO Mitchell Brown. "These are very exciting times for Cono Italiano, Inc.; we have worked diligently to build the infrastructure of the company and feel we have turned the corner to provide our shareholders with value."

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.

About Pizza Hands

Spuntibreak S.r.l. was founded in 2001 in Milan, Italy, by Marco Messuti. The initial product was a pizza cone (pizza cono), filled with cheese and sauce and can be identified throughout the world under the trade mark "PGroup," an independent brand of Italian fast food. The product is currently being sold throughout Germany, Italy, Japan, Egypt, Korea, Lebanon, Tunisia, Libya, Malta, Romania, Slovenia and Syria

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.

For further information please visit www.conoitaliano.com.

Contact:

Cono Italiano, Inc.
Mitchell Brown
CEO
1-877-330-2666

SOURCE Cono Italiano, Inc.