SouthCorp Capital Announces It Has Acquired New Equipment For Factory & Executes Deal Expected To Generate up to $1 Million p...
11 Febrero 2015 - 8:00AM
Business Wire
SouthCorp Capital, Inc. (OTCQB: STHC) announced today that the
Company has acquired a new rotary piston filling can line for
Nate’s Food Co. (OTC: NHMD). The equipment cost approximately
$400,000 and the Company receives revenue for each can produced
from the equipment. The new line will be capable of producing
between 8,000,000 and 10,000,000 cans per year. The initial
components are expected to be installed in the next 3-4 weeks with
the remaining components added on to increase the number of cans
produced per minute. The Company currently is forecasting that the
new equipment will generate approximately $1 Million a year
revenue. Once the factory in Indiana is completely built, the
Company is expecting to generate revenues of $10-30 million per
year.
About SouthCorp Capital.
Southcorp Capital, Inc. is a Delaware corporation. The Company
focus is on the acquisition and renovation of single-family and
mutli-family properties in the U.S. with the intent of reselling
the property after renovations have occurred. Our real estate
investments are expected to focus properties undervalued
and/or in need of some repairs.
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate.
Contacts:SouthCorp Capital, Inc.Joseph
Wadeinfo@southcorpcapital.comwww.southcorpcapital.com
SouthCorp Capital, Inc.Joseph Wade,
661-418-7842info@southcorpcapital.comwww.southcorpcapital.com
Southcorp Capital (CE) (USOTC:STHC)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Southcorp Capital (CE) (USOTC:STHC)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
Real-Time news about Southcorp Capital Inc (CE) (OTCMarkets): 0 recent articles
Más de Southcorp Capital, Inc. (PC) Artículos de Noticias