Latteno Recaps/Updates Previous News Announcements
November 11 2013 - 08:30AM
Marketwired
Latteno Recaps/Updates Previous News Announcements
Board of Directors Voting on Shares Buy Back Program
SANTA ANA, CA--(Marketwired - Nov 11, 2013) - Latteno Food Corp.
(OTC Pink: LATF) today announced that it has made progress on
previously announced developments:
Oct 30. Latteno Food Corp.
Signs Letter of Intent to Acquire MMJ Multimedia Contents
Provider.
The company is moving forward
with assets purchase of a couple MMJ directory and information
portals from a yet-to-be-disclosed Southern California multimedia
company. By entering the MMJ directory portal business, the
Company is expanding its online social media and mobile presence
which are great tools to market its products and services and at
the same time capturing marketing revenues from MMJ providers in
the other twenty MMJ-approved states.
Nov 4. Latteno Announces
Entrance Into Arizona/Nevada Medical Marijuana Market With Plans
for Local Joint Venture/Partnership.
The company is currently
completing negotiations and due diligence on a proposed joint
ventures and development of local MMJ THC and edible
products. Our California-based dispensary and co-op will begin
to market its edible products to both Arizona and Nevada MMJ
marketplace which will be explosive in nature since these two
combined states' revenues could surpass California's.
Nov 5. Latteno Receives
$1,000,000 Funding Commitment From an Offshore Hedge Fund.
The company has decided to
reject this offer due to potential stock dilution and other
no-agreeable and potentially toxic terms.
Nov 7. Latteno Receives All
Cash Offer to Buyout Assets of Wholly-Owned Subsidiary Mekonza
Corp.
The company is moving forward
with the Definitive Agreement on the assest purchase of
Mekonza. The final agreement and announcement is
pending the completion of due diligence by both parties.
Additionally, Latteno management feels that our shares are
severely undervalue at this level and has looked into the potential
of a share buyback program. The Company is allocating a budget
and deciding on the number of shares which we will announce very
shortly.
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 Green Cannabis
Collective Inc. (Green-Cannabis.com) Southern California-owned and
licensed medical marijuana dispensary 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 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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