Latteno Food Releases Preliminary Numbers for 4th Quarter Financials
20 Febrero 2014 - 12:19PM
Marketwired
Latteno Food Releases Preliminary Numbers for 4th Quarter
Financials
4th Quarter Estimates 3,100% Increase in Prior Year's Revenues
and Over $413,000 in Net Income
SANTA ANA, CA--(Marketwired - Feb 20, 2014) - Latteno Food
Corp. (OTC Pink: LATF) is pleased to announce that preliminary
Fourth Quarter financials for 2013 shows record numbers for LATF
shareholders.
Preliminary Fourth Quarter
reports 3,100% increase in prior year's revenues and over $413,000
in net income versus a net income of only $7,000 for prior year
2012. Year-end financials are anticipated to be filed with OTC
within 30 days.
The bulk of net sales and net
profit came from the high-demand shipping of fresh seafood products
from our wholly-owned subsidiary Mekonza Corp. to both domestic and
international clientele. Both MMJ research co-ops Green-Cannabis
& Valley Organics booked small but encouraging revenues.
Green-Cannabis is being
terminated due to lack of support and limited products
offering. Latteno has consolidated Green-Cannabis' products
and services to Valley Organics to focus on existing sales and
support in California. In anticipating of an early April
relocation to Colorado, Latteno has already applied for dispensary
licenses there along with presenting Valley Organics' products for
market testing and distributing.
CEO Thu Le comments, "Preliminary sales figures for our December
2013 quarter are estimated to be up an astonishing 3,100% year over
year! We're confident that Mekonza will continue to contribute at
this pace to our bottom line in terms of net sales and
income. We're anticipating our move to Colorado will lift
Valley Organics revenues and additional income from our upcoming
dispensaries there."
About Latteno Food Corp.
(www.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.
(www.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.
(www.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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