Some updates I'd like to see...
Whatever happened to...
> DALLAS, Oct. 16, 1997 /PRNewswire/ -- Massimo da Milano, Inc., The Italian
Bakery & Cafe (OTC Bulletin Board: MDMI) ("Massimo's"), announces it has
entered into a National Marketing Contract with Basic Sales Management Corp.,
(BSM) to distribute "Roz' Ooey Gooey Gourmet Cookies" under the Massimo's
cookie label. Sales will commence in November and will center on the South-
Western and Western States of Texas, Nevada, Colorado, Oklahoma and California.
Commitments already have been received from numerous regional wholesale
distributors. Sales for November and December are projected to exceed
$500,000.00 and sales for 1998 are expected to exceed $3,000,000.00. <
Never heard about that again... Where's that $3.000,000? ... and 1999?
------
> DALLAS, June l7 /PRNewswire/ -- Massimo da Milano, Inc. (OTCBB: MDMI)
announced today that is has opened two new Java Centrale specialty coffee and
gourmet food cafes in Chatsworth, California and Virginia Beach, Virginia.
These two new store openings increase the Java Centrale network to twenty-two
franchised outlets primarily in the western U.S. and one company-owned store
in Reno, Nevada.
Commenting on the new store openings, Massimo's CEO Dana Verrill
commented, "We are pleased that the Java store network is growing, but more
importantly, that we are growing it smartly. <
Last information I have is that "growing it smartly" meant closing 15 of those
cafes. We are at eight now, Maybe less, who knows. MDMI isn't very good at
telling us the whole story.
--------
> HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--May 18, 1999--
iChargeit Inc., (OTC BB:ICHG) announced today that it has
successfully launched ShoppersGateway.net, a theme shopping portal
site. http:www.ShoppersGateway.net features a 50's style Jukebox
designed for easy navigation and has links to many top tier internet
shopping venues. The Company intends to incorporate this portal site
into its iChargeit.com Cybermall and Virtual Arcade, enabling visitors
to access the Company's vast array of mall tenants and fulfillment
partners. This site will also be incorporated into iChargeit's soon to
be launched ISP links bar thereby allowing iChargeit's customers quick
access to secure shopping sites. ShoppersGateway.net will also serve
as a featured link on the iChargeit Internet Pay Terminals which are
scheduled to debut early next month. <
Three months later there is not a single search engine anywhere on the
the internet which will bring a prospective coffee buyer to the IChargeit
site. ZERO. Naturally, there's been no follow up from MDMI about the
progress from internet sales, but it's obvious that this is a complete waste
of time and effort. Maybe a few pounds of coffee were sold to some of
MDMI's investors but that's just not enough to make this venture feasible.
Again, the investors are kept in the dark about the facts while La Guardia
wastes bandwidth with meaningless political fluff. Not entirely their fault,
they get their instructions from Verrill and his cohorts.
---------
> DALLAS--(BUSINESS WIRE)--May 21, 1999--Massimo Da Milano Inc.
(OTC BB:MDMI.O) announced today that it has reached an agreement
with Albertson's Inc. (NYSE:ABS.N).
MDMI is providing Albertson's with gourmet pastries for the
Albertson's Coffee Shops located in selected Albertson's stores. MDMI
is currently shipping products to 9 Albertson's locations in the
Dallas/Fort Worth Metroplex, with plans to include shipments to future
locations as they come on line.
According Crawford Shaw Jr., of MDMI, "We are excited about this
new relationship with Albertson's and the potential that this
represents for MDMI. Albertson's is one of the premier food chains in
America, and we are extremely excited to be selected as one of the
vendors for their new coffee cafe concept." <
How many times have I asked for some honest, factual information
about this deal? If there were good news about this trial program,
Verrill would have been shouting it from the rooftops. Instead we get
garbage from his paid IR rep at LaGuardia. There's been plenty of
time to gather data about sales volume, reorders, and Albertson's
reaction to MDMI product.
Maybe MDMI likes to have their company pumped and dumped by
hypes slingers and traders. It seems they have the same lack of respect
for themselves as they do for their shareholders, some of whom have
been loyal supporters for many months.
Is there anyone who can prove me wrong?
_______________________________ Marc Stager |
