SANTA ANA, CA and RENO, NV, Sep 16, 2013 - Latteno Food Corp (OTC Pink: LATF) announced today that the Board of Directors have passed a Resolution authorizing its Transfer Agent to issue and deliver the Stock Dividend announced April 2, 2013 to all stockholders and set the record date for 5pm EDT, September 18, 2013.
As per filings with FINRA, the Resolution sets the Record date at September 18, 2013 and the Distribution Date at October 22, 2013. The Company's Transfer Agent has been formally advised.
In anticipation of new growth opportunities and as a loyalty benefit to all shareholders, the Company had voted to pay all shareholders on record, a stock dividend of 2 new shares will be issued for every 100 owned.
The Record Date will be set at September 18, 2013. For the purpose of clarity, the standard rules will apply. If a stockholder buys a dividend paying stock one day before the Record Date, you will still qualify for the Stock Dividend. However, if you buy on the published date of the Record Date, in this case September 18, 2013, the shares won't be eligible for the Stock Dividend. Conversely, if you want to sell a stock and still receive the dividend that has been declared, you need to sell on (or after) the Record Date.
The date of payment for the stock dividends to all qualifying shareholders has been set at October 22, 2013. New share certificates will be mailed directly to all shareholders of record. In the interim, we advise all stockholders to contact their brokers to ensure their mailing information is updated and correct in order that stock certificates arrive at their proper destination.
"We have approved this Stock Dividend to reward the loyalty and patience the shareholders have shown and look forward to their continued loyalty as we implement our aggressive growth plans in the very lucrative medical marijuana market and the other markets that we have identified for growth. In addition to our medical marijuana edibles business, the company is actively branching into the high demand/fast growth market of importing fresh seafood from exclusive distributors in Southeast Asia," stated Thu Le, CEO/President of Latteno Food Corp.
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 Green Cannabis Collective Inc. (Green-Cannabis.com)
Southern California-owned and licensed medical marijuana dispensary 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 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.
Latteno Food Corp.
SOURCE: Latteno Food Corp.