Latteno Food Signs Letter of Intent to Acquire Mekonza Corp., a Seafood Importer from Southern California
Acquisition will be Accretive to Latteno's 2013 Bottom Line
SANTA ANA, Calif., April 25, 2013 /PRNewswire/ -- Latteno Food Corp. (OTCPink: LATF) recently announced the signing of definitive agreement to acquire California-based Green Cannabis Collective Inc. Today, LATF is pleased to inform our investors that it has signed a letter of intent to acquire Mekonza Corp., a seafood importer from Southern California with strong ties and business connection in Vietnam and Southeast Asia. In addition to our medical marijuana edibles business, the company is actively branching into the high demand/fast growth market of importing fresh seafood from exclusive distributors in Southeast Asia. Our plan for this year still call for a forecasted revenue of at least $2,500,000 and $10,000,000 by year end 2015 which we'll be able to achieve or exceed our expectations.
"We are pleased to make great progress on our road to achieve explosive growth via medical marijuana edible and other food-related businesses," stated Thu Le, Chief Executive Officer. "Additionally, the due diligence on our planned acquisitions in the seafood importing market are completed and we'll announce the definitive signing very shortly along with other surprises."
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.
Contact: Investor Relations (714) 426-2955
SOURCE Latteno Food Corp.
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