Latteno Files 2014 Q1 Financials and Disclosure
30 April 2014 - 2:45PM
Marketwired
Latteno Files 2014 Q1 Financials and Disclosure
Solid Start to Year: New Initiatives Strengthen 2014
Prospects
DENVER, CO--(Marketwired - Apr 30, 2014) - Latteno Food Corp.
(OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that has
filed the 2014 Q1 Financials and Disclosure required by OTC Markets
in order to maintain the OTC Pink Current Information status, the
highest of OTC Pink Marketplace Segments.
Led by continued strong sales in its wholly-owned subsidiary
Mekonza's shipment growth of its fresh seafood products both
domestically and internationally, Q1 revenue totalled $3,795,855;
an increase over 2013 Q1 record breaking revenue. Additionally, the
Denver-based company recently reported aggressive medical marijuana
initiatives have commenced producing additional streams of
sustainable revenue growth.
Net Profit before provision for taxes maintained previous year's
level at $275,314 despite seasonal downturns and industry
obstacles. Additionally, the Company's Mekonza unit recently report
new distribution contracts that are anticipated to immediately
increase Revenue 20-30% over the next number of months.
Additionally, the Company has recently announced progress on
numerous fronts both in California, Nevada and, their new home,
Colorado. Specific initiatives include the MMJ Delivery Service,
MMJ Grower Warehouse facilities, MMJ Dispensaries and MMJ
Evaluation Offices. Each of these initiatives has been developed to
provide complementary sustainable revenue streams to each market it
opens.
Concurrently with the Q1 filings, the Company filed amended Year
End Disclosure and Financials, correcting dates and descriptions
headings of the financial reports.
"Our results are very encouraging, creating a solid base on
which to grow," commented CEO Thu Le. "The strong growth and
sustainability of Mekonza has provided the resources to
aggressively implement our multi pronged growth strategy for our
MMJ initiatives. We look forward to a very rewarding 2014."
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 Rx Harvest Collective Inc. (RxHC.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 (310) 974-6043
info@latteno.com
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