Stops at the pumping station, for those who actually own a car in the New York Metropolitan area, just got a yummy treat: Cono Italiano Inc. (CNOZ). On Friday, 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, announced that their products are now being sold in convenience stores located at Exxon, BP and Gulf gas stations. Yummy news for those who are willing to grab the delicious treat and those who are buying the penny stock, CNOZ, like TCA Global Credit Master Fund, LP.
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CNOZ Stock Chart
52 Week High
Jan. 30, 2012: 0.096
Dollar Volume: $12,507
Average Trade Size: 13,694
5 Day Percent Change: 13.33%
5 Day Moving Average: 0.0302
5 Day Average Volume: 150,832
If your driving past the Gulf Station at the Holland Tunnel in New Jersey, Exxon on route 17 in Ramsey or the BP Station in Jersey City, pull over, pop inside and grab yourself one of the breakfast cones (Egg Whites and Cheese, Scrambled Eggs and Cheese), Ceasar Salad, Vegetable, Taco, Gyro, Cheese Steak, Meatballs, Pasta, Ham and Cheese, or Deserts. It would really help out the cause considering the Company had $0 revenues as of March 31, 2012.
No revenues translates to many investors like TCA Global Credit Master Fund who committed in February to a 24 month purchase agreement of up to $1,500,000 of CNOZ stock. With $157,459 in cash and equivalents as of March 31, 2012 compared to $0 on December 31, 2011, there is no question that Cono Italiano has the drive, passion, funding, product and niche to make an impact. I mean seriously who is their real target market, anyone who breathes oxygen? It’s Pizza in a empanada dough shaped in a cone that fits in your hand and comes in a variety of flavors with just 210 Calories, 4g Total Fat, 0mg Cholesterol, 2g Dietary Fiber, 1g Sugar, 7g Protein.
Think Inventure Foods, Inc. (NYSE: SNAK), which engages in the development, production, marketing, and distribution of snack food products, when considering buying CNOZ stock and that:
• The U.S. fast food market generated total revenues of $51.3 billion in 2005,
• The Pizza Cone’s drip free bottom allows you to eat while “on the go”,
• The Pizza Cone’s calories are equal to or less than the traditional wrap with 40% less Sodium
• The Cone can be sold with unlimited variety of fillings Breakfast -Snacks -Lunch- Dinner
• The Cone can be prepared using Turbochef Tornado Oven in a 60 seconds or less when prepared using fresh ingredients
About CNOZ Stock
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 a proprietary dough and filled with freshly selected ingredients. The Company intends that the Pizza Cone will be distributed through the fast food market, restaurants selling food and drinks for immediate consumption either on the premises in designated eating areas, or for consumption elsewhere such as quick-service restaurants, takeaways, mobile and street vendors, and leisure locations. These establishments include typical fast food chains, supermarkets, convenience stores, entertainment facilities and sports arenas. As of July 17, 2012, there have been five licenses sold to date and there are currently five such cafes in operation selling the Pizza Cone product located in South Carolina, Tennessee, Pittsburgh and Ohio.
As of July 17, 2012, Cono Italiano Inc. had one class of common equity, CNOZ common stock, and the number of shares outstanding of such common equity was 102,833,087.
Bottom Line: Featured in both USA Today and the Food Network, CNOZ is a delicious penny stock which could be serving up profits for long investors. In November 2011, they completed construction on their USDA and FDA approved facility for Pizza Cono and new line of frozen foods. (see here, pg 19) With only 150 million authorized shares, dilution is not as much of a risk factor as PPS is – if it gets too close to a dime a share, it may be too late to profit on CNOZ stock.
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