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The Italian Oven, Inc.: The Italian Oven, Inc. Announces Formation of Subsidiaries
DOYLESTOWN, PA--(Marketwire - June 2, 2009) - The Italian Oven, Inc. (
IOVE's new subsidiaries include Italian Oven Financial, Inc., Italian Oven Intellectual Property Corp., Italian Oven International, Inc., Italian Oven Technologies, Inc., and Italian Oven Travel & Entertainment Corp.
IOVE formed Italian Oven Financial to participate in various future business ventures surrounding collections, financial product marketing, and to hold the company's future investment vehicles.
IOVE created Italian Oven Intellectual Property Corp. to hold and retain various patents and other intellectual property. Planned future projects will include marketing and licensing its intellectual property in a manner to acquire residual income.
IOVE began Italian Oven International to focus on the development of enterprises outside of the United States with a focus on emerging markets.
IOVE's Italian Oven Technologies was started for the purpose of acquiring rights and distributorships for electronic products and technology based software and hardware.
IOVE initiated Italian Oven Travel & Entertainment Corp. to receive commissions for travel related products and services.
ABOUT THE ITALIAN OVEN
The Italian Oven, Inc. is a diversified holding corporation. IOVE share structure: Common shares: 938,291,700; Restricted common belonging to My Pleasure Limited, United Kingdom: 500,000,000; Public float shares: 325,161,800 (held by CEDE & Company); Certificate shares: 113,129,900 (70,546,600 restricted, 42,583,300 unrestricted). No new common shares will be issued prior to November 2009 per binding resolution.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors.
