Latteno Outlines Aggressive MMJ Initiatives for 2014
28 März 2014 - 1:45PM
Marketwired
Latteno Outlines Aggressive MMJ Initiatives for 2014
After Reporting Record Financial Performance for 2013, Latteno
Sets MMJ Growth Strategy
SANTA ANA, CA--(Marketwired - Mar 28, 2014) - Latteno Food Corp.
(OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that its
future growth initiatives in the Medical Marijuana sector are well
underway, and based on its record 2013 Financial Results, the
Company expects continued positive performance from its Mekonza's
fresh seafood products initiatives.
In addition to its continued growth strategies to build on
Mekonza's seafood shipments, Latteno's MMJ initiatives include:
1. The opening of a MMJ dispensary in California 2. Finalizing
proposed MMJ licensing partnerships in Washington state and
Colorado 3. Completing its head office move to Denver, Colorado
early in Q2
The Company had recently report that Revenue for Q4 totaled
$4,097,877, bringing 2013 Revenue to $15,100,739; and pre-tax
Operating Profits soared to $409,909 and $983,103 for Q4 and 2013
respectively. Full 2013 Financial Statements, together with OTC
Disclosure and Legal Opinion are expected to be filled with
OTCMarkets this week.
"We look forward to continue growth in from all our
operations and are excited with the exponential growth expected
from our MMJ initiatives in Colorado and Washington; as well as
here in California," commented CEO Thu Le. "We will continue to
report on the progress of our current initiatives, as well as new
plans and opportunities as they present themselves. The steady grow
of Mekonza unit, together with the exciting growth potential in the
MMJ market have put the Company in a very strong go forward
position."
About Latteno Food Corp.
(Latteno.com)
Latteno Food Corp. is an
investment portfolio company that acquires food products, medical
marijuana edibles and related products/services to enhance their
growth and development. The company builds revenues and asset value
through a model of continuous growth, income from or sale of its
portfolio holdings, and product licensing or distribution
agreements.
About Valley Organics Inc.
(ValleyOrganics.org)
Southern California-owned and
licensed medical marijuana co-op and transporting. The specific
purpose of this corporation is to collectively facilitate medical
marijuana cultivation and transactions by and between qualified
patient members of this corporation and/or primary caregiver
members who have the oral or written approval or recommendation of
a licensed physician, as permitted and authorized by the
Compassionate Use Act of 1996 (Health and Safety Code section
11362.5) and the Medical Marijuana Program Act (Health and Safety
Code sections 11362.7 - 11362.83).
About Mekonza Corp.
(Mekonza-corp.com)
Headquartered in Southern
California since 2006, Global Trading Group (GTG) started out as a
luxury/exotic car exporter and eventually branched out into seafood
importing which came about Mekonza Seafood. The variety of seafood
products we offer has allowed us to be an innovator in product
development. The diversity of our products allows us to be the next
force-to-be-reckon-with in the seafood industry. Mekonza has grown
from a small one-man operation to one of the West Coast's most
innovative and well-equipped seafood importing and processing
companies. With outstanding customer service as our secret sauce
and key ingredient, we're on our way to be the industry's leader
committed to achieve the highest possible standards in quality,
service to our clients, suppliers and investors.
Safe Harbor Statement
This release contains
forward-looking statements within the meaning of Section 27a of the
Securities Act of 1933, as amended and section 21e of the
Securities and Exchange Act of 1934, as amended. Those statements
include the intent, belief or current expectations of the company
and its management team. Prospective investors are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual
results may differ materially from those projected in the
forward-looking statements as a result of various factors.
Accomplishing the strategy described herein is significantly
dependent upon numerous factors, many that are not in management's
control. Some of these factors include the ability of the company
to raise sufficient capital, attract qualified management, attract
new customers and effectively compete against similar
companies.
Contact: Latteno Food Corp. Investor Relations (714) 382-6808
info@latteno.com
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