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Microcap & Penny Stocks : MDMI - Italian Bakery Extraordinaire! -- Ignore unavailable to you. Want to Upgrade?

To: Due Diligence who wrote (3514)	12/1/1999 9:52:00 AM
From: chapin	Respond to of 3584

(BSNS WIRE) Massimo Da Milano Inc. Announces Details of Sale of Soft Dri Massimo Da Milano Inc. Announces Details of Sale of Soft Drink Distribution Rights Business Editors DALLAS--(BUSINESS WIRE)--Dec. 1, 1999--Massimo Da Milano Inc. (OTC BB:MDMI) has recently entered into an agreement to sell certain soft drink distribution rights to Overland Beverage Distributing Inc., a beverage distributor that focuses on the sale of specialty drinks. Massimo Da Milano Inc. will receive 1,000,000 of common stock in Overland Beverage Distributing Inc. in exchange for the assignment of certain soft drink distribution rights in the continental United States. Massimo plans to distribute 50% of the Overland stock that it receives to its shareholders of record as of Dec. 31, 1999. Michael W. Frank, the President of Overland Beverage Distributing Inc. stated: "Certain lines of soft drinks previously handled by Massimo will greatly compliment the product line that Overland Beverage Distributing Inc. is establishing, and should generate increased sales and revenue for Overland." Mr. Frank is also the owner of a chain of Fina branded convenience stores in Texas. Mr. Frank, a graduate of Texas University (Marketing, 1979), is currently the Chairman of the Distributor Council of Fina, and served as (i) the State Brand Chairman for Fina at the Texas Convenience Petroleum Association and (ii) the National Brand Chairman for Fina at the Petroleum Marketing Association of America. Dana Verrill, Massimo's President, stated: "Mr. Frank brings a wealth of soft drink product marketing experience and expertise to Overland Beverage that should, over time, benefit both Overland and MDMI." MDMI is a commercial Bakery producing breads, rolls, and pastries and has served the Dallas market for over 14 years. MDMI customers include prestigious hotels and restaurant establishments. MDMI offers over 50 varieties of breads, pastries, cookies and cakes, in addition to offering a complete line of coffee, pastries and other unique products, including Zing Zang and BAWLS Guarana via MDMI's web sites, located at www.BuyMDMI.com or www.BuyBawls.com. MDMI is also the franchiser of the Java Centrale Coffee Cafe chain, with stores in Texas, Arizona and California. BAWLS(R) Guarana is a new non-alcoholic high-caffeine drink available on the soft-drink market. The indigenous people of the Amazon providing them with physical and mental energy have used this natural stimulant for centuries. The Guarana berry contains a naturally occurring form of caffeine, which is 2.5 times stronger than the caffeine found in coffee, tea, and soft drinks. The extract from the berry also imparts a sweet yet spicy fruit flavor to the beverage. 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. --30--na/da* CONTACT: MDMI, Dallas Crawford Shaw, Jr., 214/202-3813 e-mail - buymdmi@aol.com www.buymdmi.com KEYWORD: TEXAS ARIZONA CALIFORNIA INDUSTRY KEYWORD: FOODS/BEVERAGES INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *