Latteno Postpones Sale of Wholly-Owned Subsidiary Mekonza Corp.
November 20 2013 - 1:15PM
Marketwired
Latteno Postpones Sale of Wholly-Owned Subsidiary Mekonza Corp.
Company Diversifies Its Seafood Division by Entering the Mexican
Food Supplier Market
SANTA ANA, CA--(Marketwired - Nov 20, 2013) - Latteno Food Corp.
(OTC Pink: LATF) today announce that it has postponed and rejected
offers to buy out its high revenue and profitable Mekonza or its
assets. After several weeks of negotiation and due diligence, the
Company's management has decided to reject all pending offers from
several publicly-listed food importers and cancel all future plans
of selling off Mekonza or its assets.
Recently, Latteno management
has been offered to cross border into the Mexican market to supply
local Tijuana/Rosarito food suppliers and restaurants with its
fresh and competitively-priced seafood products. The name
"Latteno" brought immediate attention to these markets as well as
the surrounding heavily-concentrated Spanish consumers market in
Arizona, New Mexico and Texas.
CEO Thu Le comments: "It was a
difficult decision to turn down such a generous offer from this
publicly-traded seafood supplier. Our number one reason for
this cancellation of sale is due to the fact that we've received
quite a few emails coming in from concerned investors stating the
main reason they're in LATF is because of Mekonza and its potential
growth. Our management has taken those opinions and concerns
very seriously and decided to put our shareholders as our top
priority. Now with our lucrative offers to cross borders into the
Mexican consumers market and unlimited opportunity to tap and grow
into this populated region, we think we've made the right decision
to keep Mekonza as our core business and expand further as
time and resources allowed."
About Latteno Food Corp.
(Latteno.com)
Latteno Food Corp. is an
investment portfolio company that acquires food products, and
medical marijuana company builds asset 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-reckoned-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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