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Papa Bello Completes Business Audit

Papa Bello Enterprises, Inc. announced today that outside auditors have completed an audit of the company's financial statements from fiscal years 2006 through 2008.

-- Chain Leader, 7/7/2009 12:22:00 PM

PRESS RELEASE: LAS VEGAS, July 7 /PRNewswire-FirstCall/ -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA) announced today that outside auditors have completed an audit of the company's financial statements from fiscal years 2006 through 2008, allowing the company to move forward with a number of corporate and marketing initiatives. The completion of the audit allows Papa Bello to significantly increase the number of areas where it can market the company's franchises, both nationally and internationally. Accordingly, Papa Bello will engage in an aggressive new marketing campaign which will include online, print and trade show participation on a focused, worldwide scale.

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Chase Canfield, CEO of Papa Bello, states, "This is a significant step for our company and its future. We undertook the audit process knowing that it was a complex but highly necessary step in the development of Papa Bello. The completion of the audit will open up a number of new business opportunities as well as provide access to additional forms of capital for expansion."

About Papa Bello Enterprises

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 and China. The company currently has 20 stores in operation and has a master lease agreement with Wal-Mart. The company was founded on the principles of providing the consumer with the highest standards of quality, value, and service. For more information on Papa Bello Enterprises or franchise information, please visit www.papabellopizza.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.

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