The Italian Oven Provides Statistical Information Relating to the Timber Available to Richwood Eco Ventures, Inc.

EL RAMA , NICARAGUA--(Marketwire - August 18, 2009) - The Italian Oven Inc. (PINKSHEETS: IOVE) today released statistical data about timber available through
Richwood Eco Ventures Inc. (REVI).

REVI, Rich Corporación and TEKNISA, in conjunction with the partnership
with Deutsche Gesellschaft fur Technische Zusammenarbeit GmbH (GTZ),
received approval to extract wood from 294,172 hectares. However, Richwood
has not yet built roads to access the majority of the land. Approximately
100,000 hectares may be reached by Richwood to harvest wood needed for
orders.

Approximately 42% of the trees within this area were knocked down by
Hurricane Felix. Because of the threat of forest fires caused by the
situation, there exists an ecological emergency necessitating the
harvesting of the land.

The Nicaraguan National Institute of Forestry (INAFOR) estimates that each
hectare yields an average of twenty-one square board meters of wood that
may be timbered. Richwood's present operations confirm that these
estimates are fair.

Statistics from the area created by INAFOR show that timber consists of the
following woods: Areno (3.36%), Red Uccuba (2.6%), Fiddlewood (.71%),
Camibar (.68%), Mahogany (2.12%), Royal Mahogany (12.22%), Spanish Cedar
(.83%), Kapok (3.96%), Tamarindo (13.49%), ITE (.58%), Coyote (.88%),
Rosewood (5.83%), Brazilian Cherry (1.79%), Black Guayaba (3.36%), Sura
(1.11%), Black Laurel (.48%), Maria (5.66%), Kerosene (2.93), and many
others. A full list of woods Richwood can offer to international customers
for export may be found at www.theitalianoveninc.com/richwood.html.

Richwood is presently able to fulfill customer orders for wood products
including those for export. The Company maintains a full saw mill and wood
processing plant with over fifty employees. All timber has been authorized
for processing by international associations and the Government of
Nicaragua and full accountability exists along with replanting. If your
company is interested in purchasing our timber, please contact us.

ABOUT THE ITALIAN OVEN

The Italian Oven, Inc. is a diversified holding corporation. IOVE owns
over 80% of Richwood Eco Ventures Inc. IOVE share structure: Public float
shares: 325,161,800 (held by CEDE & Company); Certificate shares:
113,129,900 (70,546,600 restricted, 42,583,300 unrestricted); Restricted
common belonging to My Pleasure Limited, United Kingdom: 500,000,000. Total
common shares: 938,291,700; Zero preferred shares. Authorized shares:
999,999,999. No new common shares will be issued prior to January 15, 2010
for any reason.