DENVER, CO--(Marketwired - Apr 4, 2014) - Latteno Food Corp. (OTC Pink: LATF) (
The Company is also pleased to announce that it has completed the first phase of its previously announced move to Colorado. New corporate headquarters are located7900 East Union Avenue, Suite 1100, Denver, Colorado 80237 Phone (303) 357-3224. An advance Management Team will travel to Denver on over the next weeks to investigate potential Marijuana grow sits for purchase and lease pack to local growers. The Company will report on progress on this front as opportunities develop.
Additionally, the Company is pleased to provide progress on previously announced initiatives:
1. Latteno has completed the purchase of a California based MMJ cultivate/delivery service to be operated under the newly formed subsidiary RxHC Harvest Collective Inc. The new operation has inventories including both MMJ variety top shelf strains & edibles, drivers; as well as a operations and management in place to our products to most OC cities: Anaheim, Westminster, Fountain Valley, Garden Grove, Santa Ana, Costa Mesa, Huntington Beach, Newport Beach. Deliver information can be obtained by calling (714) 746-2277. The RxHC.org website is currently under development and its launch and further developments will be announced.
2. RxHC Harvest Collective will be running a full page insertion advertisement in the OC Weekly feature on local MMJ dispensaries, delivery service and smoke shops. The advertisement will be posted on-line shortly.
3. Concurrent with the RxHC launch, the Company announced that it had terminated its involvement in ValleyOrganics and has closed the website and any further affiliation due to disagreement on development direction with partners.
The Company had recently report that 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 have been filed with OTCMarkets.
"We are pleased to report on the initial progress on our initiatives for 2014; and want to congratulate our Team for completing our new RxHC operation ahead of schedule. We look forward to report on its progress, together with our major plans in Colorado," commented CEO Thu Le. "We will continue to report on the progress of our current initiatives, as well as new plans and opportunities as they present themselves."
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 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.