Latteno Food Releases Record Q2 & Q3 Financials
(firmenpresse) - SANTA ANA, CA -- (Marketwired) -- 10/11/13 -- Latteno Food Corp. (OTC Pink: LATF)
Latteno Food Corp. (OTC Pink: LATF) is pleased to announce that both Q2 and Q3 of 2013 (June and September) have record numbers for LATF shareholders; and the Company has re-established its Current Information standing with OTC Markets.
Q2 reports a 4,600% increase in prior year's revenues and 1,500% increase in prior year's net profit. Meanwhile, Q3 reports 3,700% increase in prior year's revenues and $573,194 in net profit versus a net loss of $54,678 for prior year 2012.
The bulk of net sales and net profit came from the highly-anticipated 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 have started its products development and anticipating an early launch within a few weeks. Furthermore, Latteno would like to clarify our Aug. 21 press release regarding "Green Smoke" which was a registered trademark from another firm. Latteno has decided to rename the smokeless MMJ products to "XTeno Smoke."
CEO Thu Le comments, "Sales for our June and September 2013 quarters were up an astonishing 4,600% and 3,700% year over year! We're very delighted and blessed to have Mekonza contribute to our bottom line in terms of net sales and net profits. Mekonza has been going at full speed from the starting gate and we're expecting a lot more potential from this division as well as the other two MMJ research co-ops."
Additionally, the Company has commenced an audit of each segment of subsidiaries spending in order tort to lower costs, thereby ensuring the maximum retention of income and profits from upcoming sales from wholly-owned subsidiaries.
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.
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).
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).
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.
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) 728-6100
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Datum: 11.10.2013 - 06:30 Uhr
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