Hispanica International (HISP) Sets the Stage for Growth Ahead - SECFilings.com

ID: 1459466
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(businesspress24) - REDONDO BEACH, CA -- (Marketwired) -- 09/21/16 -- SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, recently published an article reviewing the progress made to date by Hispanica International Delights of America (OTC PINK: HISP) and the company''s plan for major growth ahead.

In addition to securing financing and making its first acquisition, the company added a seasoned executive to its Board of Directors and completed auditing three years of financial statements. These dynamics put the company on solid footing to increase shareholder value over the long-term.

Hispanica''s first milestone was securing a $7.5 million credit facility in early July with TCA Global Credit Master Fund LP. Management established the credit facility to finance its acquisition strategy and organic expansion without diluting existing shareholders. The company also repaid an outstanding note and improved its balance sheet with the funds, which could help set the stage for greater financial flexibility over the coming years.

Less than a month after securing the credit facility, the company acquired Energy Source Distributors Inc. With nearly $3 million in annual revenues, the acquisition provides significant financial leverage and valuable distribution channels into retailers like 7 Eleven, Safeway, Walmart, and more than 2,000 other locations. These distribution channels will form the basis for the launch of ethnic food and beverage brands throughout the United States.

Hispanica has a number of upcoming catalysts that investors should watch for moving into next year and beyond. In addition to growing revenue through a combination of organic and M&A fueled growth, the company plans to achieve a positive cash flow and execute on its overarching vision to become a leading developer and distributor of ethnic foods in the United States -- an industry that is expected to surpass $12 billion in revenue by 2018.

"Our strategy for fiscal 2017 is to grow our existing operations, expand our proprietary portfolio of products, and to move forward with our next strategic acquisition that will continue to expand our top line revenue growth," said CEO Oswaldo Leonzo in a corporate update.

To read the full article, please click the following link:

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Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns SECFilings.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: .


Paul Archie

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Date: 09/21/2016 - 07:38
Language: English
News-ID 1459466
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