Shareholder Letter to Investors of Cono Italiano Inc CNOZ.OB

RED BANK, N.J., June 23, 2011 /PRNewswire/ -- Cono Italiano, Inc. (OTC.BB: CNOZ), holds the exclusive license 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.

As Chairman, CEO and investor in Cono Italiano Inc.(CNOZ.OB) it is appropriate at this time to provide a broad strokes overview to various inquiries from shareholders as to where we are with CNOZ and to where we are going in the immediate and near future.

1. Where is CNOZ headed at this time and where are our efforts being focused?

We are in the final stages of completing  a USDA and FDA approved production facility with our manufacturing partner. This facility will afford us the opportunity to be the sole manufacturer for a Pizza Cone in the U.S. that can be filled at production and sold to National Food Chains, Supermarkets, Convenience Stores, Stadiums and Arenas. This facility will provide  us with the opportunity to manufacture our new frozen food products which will be implemented in a distribution program  for the C –Stores. The program will provide to Cono the sales and revenues the investment community is asking and looking for.

2. What are the Company’s core products

Cono Italiano Inc presently manufactures a 2.5 oz drip free spill free cone sold without filling, we will be offering this product filled with low fat cheese and sauce known as Pizza Cono, it will also be offered with pepperoni, sausage and vegetables. We will  be offering a breakfast cone, made with egg whites and cheese and egg and cheese along with a snack cone.

Cono will be introducing a frozen food product later this year to their current Pizza Cono line of foods.

3. What has Cono Italiano accomplished recently

The company has been engaged in creating strategic alliances with manufacturers food brokers, distributors, With the development of new products and the purchase of manufacturing equipment .

4. What is the status with strategic partnerships and alliances.

The company is engaged with food brokers  and distributors to represent Cono to retailers regionally and nationally. We have a marketing agreement with Dr Gadget, the Guru of giveaways, Dr Gadget can be seen on Extra, QVC, Rachel Ray show amongst others. The company has worked with Turbochef to develop cook setting in their Tornado Oven used in 7-11, Quick-Chek, Subway, Dunkin Donuts and Starbucks. We have also worked with Carte Blanche to develop cooking apparatus's to be used in high efficiency ovens, using their Crossfilm Technology.

5. Is Cono Italiano Inc seeking additional capital and investors

Cono Italiano Inc is presently in discussions with several potential investors to secure financing for  up to $500.000 Dollars. These funds will afford the company the opportunity to develop additional products, purchase additional equipment required to grow the brand and company. The funds will put the company in a position to organically grow and become profitable going forward, we anticipate closing with an initial investor in July 2011.

6. Featured Articles and Interviews for Cono Italiano Inc

Food Network, Crazy Containers, AOL, USA Today, New York Times, Yahoo ,Pizza Marketplace.com, CEO/CFO

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.