Papa Bello Issues LOI to Acquire ForgetAboutIt! Foods
May 24 2012 - 10:00AM
Marketwired
Papa Bello Enterprises (PINKSHEETS: PAPA) issues letter of intent
to acquire ForgetAboutIt! Foods based in Brooklyn, NY.
Papa Bello and ForgetAboutIt! agree that giving the public a
quality food product that they can trust and rely on is paramount
to business success.
Brooklyn Executive Chef Vincent Tropepe, dubbed "the American
Gordon Ramsay" by Edible Magazine and founder of ForgetAboutIt!
Foods, has done what no chef before him has accomplished --
sweeping all three titles in each nominated category designated
annually by the United States Culinary Congress (USCC), including
Best French Bistro Northeast Territory, Humanitarian of the Year
and Chef of the Year 2011 for a second consecutive year, a first in
USCC history.
A highly accomplished executive chef; Chef Tropepe brings
extensive experience in culinary and pastry design, recipe
development, and restaurant management. He has a New York State
Gold Medal in culinary and pastry arts and holds seven industry
certifications and is certified in 12 cuisines, including Italian,
French, German, Welsh, Chinese, Japanese, Thai, Floridian,
Californian, Spanish, Philippine and Lebanese. Ranked the #103 chef
in the United States, he was recently inducted into the Les Amis
d'Escoffier Culinary Society.
Chef Tropepe's, known for quality products used in recipes, has
each of them crafted in personally selected facilities
manufacturing each individual product. By bringing this product
line into Mama's Direct, and by having unique versatility in the
Chef's flavoring selections, even the less experienced home cook
now is enabled to create a variety of favorable dishes.
Jim Wheeler, CEO of Papa Bello Enterprise, states,
"ForgetAboutIt! Foods fits nicely into the Papa Bello story and
having Vincent on board to bring his line of food products into
Mama's Direct will be unbelievable. Our first two announcements,
Italian and BBQ show just how great of coverage with the American
appetite that Mama's Direct will have."
About Papa Bello Enterprises: Founded in 2005, and based in
Yorba Linda, CA, Papa Bello Enterprises (PINKSHEETS: PAPA) owns and
operates a diversified group of companies as majority owned
subsidiaries. In addition, Papa provides expansion tools and
operational support services to growth-stage businesses. The
company was founded on the principles of providing the consumer
with the highest standards of quality, value, and service.
Additional information may be found at www.pbe.us.com
Forward-Looking Statements Disclosure This press release may
contain "forward-looking statements" within the meaning of the
federal securities laws. In this context, forward-looking
statements may address the Company's expected future business and
financial performance, and often contain words such as
"anticipates," "believes," "estimates," "expects," "intends,"
"plans," "seeks," "will," and other terms with similar meaning.
These forward-looking statements by their nature address matters
that are, to different degrees, uncertain. Although the Company
believes that the assumptions upon which its forward-looking
statements are based are reasonable, it can provide no assurances
that these assumptions will prove to be correct. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements, risks, and uncertainties,
and by reference to the underlying assumptions.
Contact: Jim Wheeler of Papa Bello Enterprises 22600 Savi Ranch
Parkway Yorba Linda, Calif. 92887 (888) 641-2626