(Press Release) RED BANK, N.J., July 27, 2012 — Cono Italiano, Inc.
(OTCBB:CNOZ), 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 made from proprietary dough
and manufacturer of Empanadas, is pleased to announce its “pizza cono”
and empanadas are being sold in convenience stores located at Exxon, BP
and Gulf Gas Stations in the New York Metropolitan area.

Cono Italiano, Inc. is selling their “pizza cono” and empanadas at
convenience stores at Exxon BP and Gulf Gas Stations. They have
implemented a program with these stores. A warmer is provided to each
individual store to display and sell pizza cones and empanadas. Product
is delivered weekly to each location. Sales from week to week have
increased along with the addition of new locations. The locations
include the Gulf Station at the Holland Tunnel in New Jersey (Jersey
City), Exxon on route 17 in Ramsey, New Jersey and the BP Station in
Jersey City.

“Cono Italiano Inc. has always stated they would align themselves with
the most prestigious and recognizable companies to market its
products,” said Mitchell Brown, President and CEO, Cono Italiano.
“These are exciting times for Cono Italiano Inc, this program affords
us the opportunity to introduce our products to a wide array of
consumers and help bolster the branding of our company.”

About Cono Italiano

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 proprietary dough and
filled with freshly selected ingredients. The Company intends that the
Pizza Cone will be distributed through the fast food market. The Pizza
Cone will be distributed to quick-service restaurants (QSR), takeaways,
and leisure locations. These establishments include typical fast food
chains, supermarkets, convenience stores, entertainment facilities and
sports arenas. Sales of frozen pizza in 2009 were $4.4 billion making
it one of the fastest growing categories in supermarkets and
convenience stores. For more information please visit
www.conoitaliano.com.