MDMI news. (ABS)
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DD
(BSNS WIRE) Massimo Da Milano Inc. Today Announced It has Reached an Agr
Massimo Da Milano Inc. Today Announced It has Reached an Agreement With
Albertson's Inc.
Business Editors
DALLAS--(BUSINESS WIRE)--May 21, 1999--Massimo Da Milano Inc.
(OTC BB:MDMI) announced today that it has reached an agreement
with Albertson's Inc. (NYSE:ABS).
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."
Albertson's is one of the largest retail food & drug chains in
the United States. They operate more than 900 stores nationwide, with
over $14 billion in annual revenue. Albertson's has been operating
since 1939, when Joe Albertson opened the his first store in Boise,
Idaho, with the original philosophy of giving the customers the
merchandise they want, at a price they can afford, in clean stores
with great service from friendly personnel. That same philosophy still
applies today. Albertson's strives to continue to offer consumers new
and exciting One-Stop Shopping Ideas. Their newest stores feature all
of the perimeter service departments and conveniences Albertson's is
known for, including friendly pharmacies and full service in-store
banks.
MDMI is a commercial bakery producing breads, rolls, and pastries
and has served the Dallas market for over 14 years. MDMI customers
includes prestigious hotels and restaurant establishments. MDMI offers
over 50 varieties of breads, pastries, cookies and cakes.
MDMI is also the franchiser of the Java Centrale Coffee Cafe
chain. Java Centrale has franchises in Texas, Arizona, Nevada, and
California. Java Centrale's objective is to become the leading
specialty coffee and "food with a flair" chain of kiosks in upscale
and high-visibility locations, where there is a heavy concentration of
traffic, and will compete directly with Starbuck's Coffee
(Nasdaq:SBUX) and Gloria Jean's Coffee Company. In addition, MDMI
recently introduced its Web site, located at www.BUYMDMI.com, where
individuals can now order a variety of MDMI products directly over the
Internet.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release (as well as information included in
oral statements or other written statements made or to be made by
MDMI) contains statements that are forward-looking, such as statements
relating to the future anticipated direction of the food industry,
plans for future expansion, various business development activities,
planned capital expenditure, future funding sources, anticipated sales
growth, and potential contracts. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated statements made by or on behalf of MDMI. These
risks and uncertainties include, but are not limited to, those
relating to development and expansion activities, dependence on
existing management, financial activities, domestic and global
economic conditions, changes in federal or state tax laws, and market
competition factors.
Investor Relations: La Guardia Global Financial Services, toll
free: 800/292-1361 E-mail: comercio@doscomercios.com or on the Web at
www.TwoTrades.com.
--30--RH/da*
CONTACT: La Guardia GFS
Phil Hernandez, 800/292-1361
www.TwoTrades.com
KEYWORD: TEXAS ARIZONA CALIFORNIA IDAHO NEVADA
INDUSTRY KEYWORD: FOODS/BEVERAGES RETAIL COMED
INTERACTIVE/MULTIMEDIA/INTERNET
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