MDMI: Massimo da Milano, Inc.
Latest information is at: home.earthlink.net
trades on OTC Bulletin Board
shares outstanding: 27,000,000
float: 3,500,000
Massimo is a turnaround play with enormous upside potential.
MDMI came out of bankruptcy in June of 1997 with new management. They
closed money-losing operations and retired all pre-bankruptcy debt.
Details in news releases - check the links listed below.
MDMI is a commercial bakery and developer/operator of a Northern Italian
restaurant in the Dallas/Fort Worth area.
The clientele for their baked goods ranges from the Dallas Cowboys to
Hilton Hotels and fine restaurants in Dallas and Fort Worth.
This company is making a PROFIT ! On sales of $700,000 in the quarter
ending June 30, 1997 their profit was $125,000 from the bakery and the
restaurant is thriving at $30,000 per month PROFIT.
But that's nothing compared to what's coming soon.
Management and future plans:
Dana Verrill, founder and CEO of Spectrum Information Technologies, a
company that he led to nearly $100,000,000 revenues in the 1980's, is the
new chairman of Massimo da Milano, Inc.
He has a proven ability to grow a business, make it profitable, and create
value in the firm's stock in the process.
He has aggressive acquisition plans for Massimo's, all in firms
complementing the bakery business. Currently MDMI is on track to acquire
the assets of three companies which will substantially increase MDMI's
sales and profits and result in a NASDAQ listing.
Later this week you'll see news about a deal with a coffee and bakery retail
chain with 55 location in California and 33 new locations opening soon in
Florida and California. MDMI will derive royalty and franchise fees and
have their products in these stores.
There are NO plans to reverse split. It won't be long before it grows to a $1 - $2.
The following updated: 8/16/99:
While non-reporting at present, Massimo's plans to fully comply with all SEC reporting requirements this year.
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