Papa Bello Sells Area Development Rights for Shanghai, China

Construction on the first restaurant is underway, with an opening date scheduled before the end of 2008. The upscale, 8,000 square foot store will be located on one of the area's busiest intersections, along Tianyaoqiao Road, in the Xuhuiqu district. In addition to the Shanghai region, the agreement also includes development rights to the Jiangsu and Zhejiang Provinces.

Mr. Ma, of Shanghai, has an extensive background in real estate development and franchising. He acted as the general operations manager for the US based bakery franchise Shanghai Metro Delicate Confectionary partnered with the Shanghai Subway Train Station. From 1999 to 2002, he facilitated store growth from 30 to 107 units. Recently, Mr. Ma is involved in a joint venture between his Chengdu Jingyi Real Estate Development Co. and Beijing Zhongxin Real Estate Development Co. in a project of building 40-story commercial and residential units on 13 acres in Chengdu, Sichuan.

Mr. Ma states, "After opening 77 stores in less than four years, we saw an equivalent opportunity for growth with Papa Bello in China."

Mrs. Endy, resident of Las Vegas, Nevada, acted along with Mr. Ma as part-owner of Shanghai Metro Delicate Confectionary Company. Her experience in owning convenience stores and restaurants began over 15 years ago. Recently, she served a six-year tenure as the President of the Chinese American Association of Las Vegas, and is currently the Principal of the Las Vegas Chinese School.

Mrs. Endy states, "I have full confidence in my partner's capability, experience, and wealth of knowledge. Combining these strengths with the energy and vision of Papa Bello's CEO Chase Canfield, I am certain this is the most promising publicly traded pizza company of its time, which will continue its steady march towards success."

Founded in 2005, Papa Bello Enterprises is a Las Vegas, NV based corporation that owns, operates, and franchises Italian style eateries in the United States. The company currently has 20 stores in operation and has a master lease agreement with Wal-Mart.

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