IOVE +126% .0029 x .003 due diligence report a/k/a the new ibox on IOVE board
IOVE -- THE ITALIAN OVEN INC. common stock
The Italian Oven Inc., a Pennsylvania corporation 196 West Ashland Doylestown, PA 18901 (267) 864-7737 (267) 371-5168 facsimile www.theitalianoveninc.com email: info@theitalianoveninc.com twitter: italianoven
Joanna Chmielewska, President
NOTE: No longer affiliated with the restaurants bearing its name.
Float shares: 325,161,800 at DTCC Certificate shares: 113,129,900 (70,546,600 restricted, 42,583,300 unrestricted). Restricted Control block shares: 500,000,000 belonging to My Pleasure Limited, U.K.
Total number of common shares: 938,291,700
Authorized number of common shares: 999,999,999
Transfer agent: Action Stock Transfer Corp. www.actionstocktransfer.com 7069 S. Highland Dr., Suite 300 Salt Lake City, UT 84121 Office - (801) 274-1088
DIVISIONS OF THE ITALIAN OVEN INC.
Italian Oven Financial, Inc.
· Owns 90% of Bankruptcy Claims Fund, Inc., which in turns owns $8,000,000.00 worth of claims in the Lehman Brothers Holding Corp. bankruptcy. These include Capital Trust notes LEHKQ, LEHLQ, LEHNQ, and LHHMQ. Company makes it clear that they’re not going to receive 100% payout on the debt notes.
Italian Oven Intellectual Property Corp.
· Owns 80% of Domain Management which holds the Costa Rica domain names (see below)
· Owns 45% of Telecom Tools, Inc., which is creating a patent for a telephone tool modification.
Italian Oven International, Inc.
· Handling the international holdings for the parent corporation
· Owns over 80% of the common stock of Richwood Eco Ventures, Inc.
Italian Oven Technologies, Inc.
· Maintains wholesale license with the Pennsylvania Department of Revenue
· Approved by Acer, Inc. computer manufacturer to be a distributor
Italian Oven Travel & Entertainment Corp.
· Member of Outside Sales Support Network travel organization
· Participant in Travelers Retailers Universal Enumeration program. Assigned number of 52427524 verifiable at www.checkatruecode.com .
· Providing content on www.reservations.cr in association with American Express subsidiary Travel Impressions
· Working on locating a partner for www.cruises.cr .
ENTITIES RELATED TO THE ITALIAN OVEN INC.
Telecom Tools, Inc.
· 45% owned by Italian Oven Intellectual Property Inc.
· Working on a patent for a modification of a popular telecommunications tool. Once the patent is filed, the company will begin to market and license the modification.
Bankruptcy Claims Fund, Inc.
· 90% owned by Italian Oven Financial
· Invests in bankruptcy claims
· Owns over $8,000,000.00 in face claims of Lehman Brothers Holdings, Inc., bankruptcy case including assigned employment claims, and Lehman Brothers Capital Trust Shares trading as LEHLQ, LEHKQ, LEHNQ, LHHMQ. The company makes it clear they do not expect to receive 100% payout on the claims.
Richwood Eco Ventures, Inc.
· Over 80% owned by Italian Oven International, Inc.
· Issued SEC filing August 15, 2009, that it was acquiring common stock and entering marketing agreements with Rich Corporacion, S.A., which is a wood company in Nicaragua. The company maintains a website at www.richwood.com.ni .
· Promises additional information over the next two weeks
Envirocare Corporation
· No information about this venture has been released by the company except that it is exploring opportunities with environmentally friendly building supplies.
2009-08-07 8-K announcing extension of share issuance moratorium until January 15, 2009, and that www.reservations.cr content will be provided by Travel Impressions/American Express
2009-07-22 8-K announcing formation of Richwood Eco Ventures, 80% owned by IOVE and that Italian Oven Travel & Entertainment signed with CCRA International, Inc. for certain travel reservations
2009-06-09 8-K announcing formation of Italian Oven Travel & Entertainment Corp., Italian Oven Intellectual Property Corp., Italian Oven International, Italian Oven Financial, Inc., and and Italian Oven Technologies, Inc.
IOVE has recently filed all quarterly reports from 1998 to 2008. However, they show all zeros as the company’s position is that it had zero assets and zero liabilities. Only at the end of 2008 did this change. A copy of its September 2008 SEC filing is outlined below showing that an investor group agreed to pay $175,000.00 for the control of the company.
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