Ludlow Research Updates Opinion on STKOD Based on Further Reduction of Authorized Shares
October 02 2013 - 8:50AM
Stakool, Inc. (OTCQB:STKOD), a developer, processor and marketer of
healthy, better-for-you food products, announced that Ludlow
Research has updated its research opinion on the company based on
pending further reduction in shares authorized.
STKOD Highlights
- Pending Acquisition of HPP Operations
- Acquisition of $30 to $40 Million in Sales Contracts
- Name Change to Fresh Promise Foods, Inc.
- Experienced Management and Branding Team
- Dramatic Reduction in Shares Authorized
- 36 Million Shares Outstanding
- Market Cap Approximately $1 Million
As Stakool, Inc. begins trading under its new corporate share
structure, Ludlow Research has updated its short term valuation
target based on the company's pending HPP acquisition, which could
entail nearly $30 to $40 million in sales contracts. In a Pre-14C
filed with SEC on Oct. 01, 2013, the Company announced plans to
change their name to Fresh Promise Foods, Inc. to better reflect
their new business operations, and pending further reduction of
their shares authorized from 4 billion to now down to 475 million.
As of September 30, 2013, there were approximately 36 million
common shares issued and outstanding, giving the company a market
capitalization of around $1 million. Based on their pending
acquisition of the High Pressure Processing operations, consumer
products division, and dramatic reduction in shares authorized,
Ludlow Research has updated its market valuation to reflect these
developments. To review the report, disclosure, and other risk
factors to this alert please visit
http://www.ludlowresearch.com/uploads/stkod.pdf
About Ludlow Research Ludlow Research is a New
York-based equity research firm that focuses on providing research
coverage to emerging small-cap companies. For over 14 years we have
aimed to provide our readers a simple way of evaluating the current
and potential value of small-cap clients, while garnering these
clients greater market awareness from new investors. Our research
reports also provide small-cap companies with much sought after
quality research coverage with one of New York's fastest growing
small-cap research firms. www.ludlowresearch.com About
Stakool Inc.
Based in Atlanta, Ga, Stakool, and its subsidiaries seek "to be
the catalyst to a better quality of life by offering health and
wellness solutions that make sense and fit into the everyday lives
of all consumers." Focused on three key strategic sectors;
Food Processing, Water Management and Consumer Products, Stakool
sets itself apart from the competition by marrying innovative
technology and product development with perceptive marketing and
sales service strategy.
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed
in this press release are forward-looking, and are made pursuant to
the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. Statements made herein regarding the intent,
belief or current expectations of Stakool, Inc./Anthus Life Corp.
are forward-looking statements that reflect numerous assumptions,
risks and uncertainties, many of which are beyond our control, and
any of which could cause our actual future results to differ
materially from our stated expectations today. Prospective
investors are cautioned that our forward-looking statements are
never guarantees of future performance. Important factors currently
known to management that could cause our actual future results to
differ materially from those indicated in our forward-looking
statements today include our limited operating history,
fluctuations in our operating results, our ability to compete
successfully and our ability to attract necessary capital on
satisfactory terms. Except as required by applicable law, we
undertake no obligation to update or revise our forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated future events or changes in our future operating
results.