Donini, Inc. (PKS. DNNC) has signed a Letter of Intent ("LOI") to merge with Kern Automotive Group, Inc. Kern is a unique automotive dealership which is based out of the Southeastern US. The company is well positioned to take advantage of the current market for used vehicles and offer financing for their customers. The merger will bring the company's business into a new area, providing a strong potential for increased revenue and profits. A definitive agreement is expected to be seen by December 31, 2009.
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About Donini, Inc.
Donini, Inc., a New Jersey Corporation, was established in 2001 when the company acquired control by way of a reverse merger of Pizza Donini, a Canadian company that has been operating and licensing Italian style restaurants specializing in pizza and related products within the Greater Montreal Area in the province of Quebec for over 20 years.
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