Cono Italiano, Inc. Secures $200,000 In Investor Funding

RED BANK, N.J., July 26, 2011 /PRNewswire/ -- Cono Italiano, Inc. (OTC.BB:CNOZ), the exclusive license holder 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, is pleased to announce they have consummated an agreement with an individual  investor in the amount of  $200,000 Dollars.

Cono Italiano, Inc.  on July 11th 2011 consummated an agreement with an individual investor in the amount of $200,000 dollars. In exchange for their investment the investor will receive 4.9 million shares of restricted common shares of Cono Italiano, Inc. President and CEO Mitchell Brown states, "The company was selective in choosing the investor, we were not just seeking capital, we were seeking  the right individual who believes in what the company has to offer today and in the future and will be with the company for the foreseeable future.

The securing of these funds will afford the company the opportunity to continue with their expansion and purchase the necessary equipment to grow Pizza Cono and their new frozen food products. Cono Italiano, Inc.  will strive to deliver the sales and revenues in the third and fourth quarters of 2011 and provide shareholder  value to our investors.

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.