Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that preliminary 2104 Q1 figures confirm that 2013's record Revenue results have been maintained, in spite of Q1 seasonal downturns and industry obstacles. Led by continued improvement in wholly-owned subsidiary Mekonza's continued shipment growth of its fresh seafood products both domestically and internationally, Q1 revenue totaled $3,795,855; an increase over 2013 Q1 record breaking revenue. Additionally, the Company's recently reported aggressive MMJ initiatives have added additional streams of sustainable revenue growth.
Concurrently with its Q1 Revenue announcement, the Company is pleased to announce that its Mekonza subsidiary has a number of substantial distributorship agreements with Vietnamese suppliers that are expected to increase its Revenue 20- 30% over the next two years, commencing Q2.
The Company is currently finalizing the Financial Statements and Quarterly Disclosure documents for timely submittal to OTC Markets, as required to maintain its OTC Pink Current Information status, the highest of OTC Pink Marketplace Segments.
"We continue to be pleased with the contribution of our Mekonza subsidiary and its steadily increasing revenue flow that has been able to grow and withstand outside industry obstacles," commented CEO Thu Le. "The stability of Mekonza operation has permitted us to aggressively implement our complementary MMJ initiatives that are already beginning to grow revenue from a number of revenue streams. We look forward to a positive 2014 and will continue to report all developments."
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 Rx Harvest Collective Inc. (www.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. (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.
Latteno Food Corp.
SOURCE: Latteno Food Corp.