March 3, 2004

LONG ISLAND CITY, N.Y., Mar 3, 2004 (BUSINESS WIRE) --

United Specialties, Inc. (the 'Company') (OTCBB:UNSP), an importer, packer, and distributor of specialty and gourmet foods and the first importer of fresh truffles into the U.S., today announced that the Company has approved the creation of a wholly-owned subsidiary, Gourmet Specialties Int'l Ltd. The subsidiary will be headed by David Darwish as Chief Executive and Operating Officer. Mr. Darwish is the owner of a California-based privately-held merchandiser distributing over 400 specialty food products.

The subsidiary will, over a 60-day period, operate in two divisions; one which will be the Northeast Domestic Division generating revenues of approximately $4 million annually with gross margins approximating 25% and the other will be the Gourmet Food Import Division which is expected to generate revenues in excess of $10 million per annum with gross margins approximating 7 1/2%. Both divisions should continue to operate profitably and have minimal debt.

The subsidiary will assume no debt or liability from United Specialties, Inc. and no assets of United Specialties, Inc. will be placed in the subsidiary.

DO YOUR OWN DD!

It seems like they split from Urbani. Some links still direct you to Urbani.

I have has a hard time getting through to them on the phone. (read...Not been able to)

Though I think IF they are legit. They seem to have something going for them. IMO

I think this is their website.
http://www.shopdarosario.com

Again no phone contact as of now.

PAUL

I am not planning on buying right now.

I don't even have money to buy it right now.

Thanks for the thought.

Do you care to give more information on this one. It comes up on my list quite a bit.

PAUL

Malloy

quote:

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Originally posted by cabbage22:
Paul be very VERY careful with this one. Trust me

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Hope for a good finish.