Latteno Releases Record 2013 Operating Results
18 March 2014 - 11:45PM
Marketwired
Latteno Releases Record 2013 Operating Results
2013 Revenue Tops $15M -- Up From $2.36M in 2012: Operating
Profit -- $983K Up From $81K
SANTA ANA, CA--(Marketwired - Mar 18, 2014) - Latteno Food Corp.
(OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that Q4
Operating Results have surpassed expectations fuelled by
wholly-owned subsidiary Mekonza's continued shipment growth of its
fresh seafood products initiative and from early breakeven
operations of MMJ research co-ops Green-Cannabis & Valley
Organics.
Revenue for Q4 totaled $4,097,877, bringing 2013 Revenue to
$15,100,739; and pre-tax Operating Profits soared to $409,909 and
$983,103 for Q4 and 2013 respectively. Full 2013 Financials
Statements, together with OTC Disclosure and Legal Opinion will be
filed with OTCMarkets as required.
CEO Thu Le commented, "Revenue and Operating Profit for Q4
continue grew at a more than anticipated rate, continuing our
amazing year over year increases. Since our initiatives began
in Q4 of 2012, we have steadily posted astonishing year over year
results. Mekonza continues its exponential growth and we look
forward to increased contribution from our recently announced MMJ
initiatives planned for Colorado. We have attracted a great amount
of interest, particularly with respect to our MMJ initiatives and
have received an inordinate amount of inquiries. While we
would like to respond to every shareholder inquiry, as required, we
are only providing operational and financial updates by way of news
release. We look forward to continued growth and exciting
developments for 2014."
Q2 had reported a 4,600%
increase in prior year's revenues and 1,500% increase in prior
year's net profit; and Q3 had reported 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.
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 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.
Contact: Latteno Food Corp. Investor Relations (714) 382-6808
info@latteno.com
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