FORT LAUDERDALE, Fla.,
Dec. 24, 2014 /PRNewswire/ --
Pleasant Kids Inc. (OTCMARKETS: PLKD), is pleased to announce that
we are negotiating the terms of a MOU with an investment banking
firm for the placement of a preferred share offering for the
purposes of a capital raise in the amount of $1.5 million dollars. Pleasant Kids will reserve
the right to buyback the preferred at preset terms that are
beneficial to both the company and investors. The purposes for
these funds is to:
1. Allocate $400,000 into the
buyback of the company's common stock. We are committed to the
lowering of our share structure and this is a way to help
facilitate that goal. This will be a huge step towards reaching the
goal of large scale share reductions and increased shareholder
value.
2. The acquisition of our own water source and bottling
facility. This acquisition will allow us to bottle our water at its
source thus providing a streamlined, cost effective and efficient
means of getting our product to market. The facility has both a hot
fill and cold fill bottling line and we will be able to produce
approximately 250,000 bottles of finished product per 8 hour shift.
Pleasant Kids will realize an immediate and long term cost savings
to our bottom line. It will also add $2.5
Million dollars in assets to our financials and allow us to
reach profitability in a very short term. We will no longer be
dependent on others for our production and gain the ability to
produce large scale orders with minimal notice and meet the
upcoming expectations of our large scale clients.. The facility has
warehousing capacity that will allow us to store up to 5 million
bottles of our water and apple juice products having them readily
available to meet the logistical demands of transporting our
product nationwide from a centrally located vantage point. We have
acquired a working interest in this facility and have received the
exclusive right to acquire the remaining interest and bring this to
a close for a period of 24 months commencing on Feb 1,
2015. We are finalizing all terms to be placed in the agreement and
expect to be operating the facility by 03/1/2015 with
renovations and upgrades beginning in Feb
2015. Success in the preferred offering will expedite the
full closure of this transaction but will not stop us from moving
forward as we expect that proceeds from sales will allow for the
payoff of this transaction within the agreed upon period.
3. The purchase of equipment necessary to make our own bottles
and caps. Bottles are the largest expense in the production of our
products representing over 50% of our production costs in both our
water and juice products. Making our own bottles and caps represent
a tremendous savings and creates a steam rolling effect towards
profitability. The importance of controlling our product from
beginning to end is critical to our vision of nationwide acceptance
of our products.
Whats Next...
** We are pleased to report the successful launch of our apple
juice product. It is now available for order. Please
visit www.pleasantkids.com to place your order. We will
be announcing the lucky winner of the drawing
on 12/31/2014 on Facebook. It's not to late to enter so
order today.
**We are currently in negotiations with two large shareholder
groups to convert a portion of their holdings (approx. 200,000,000
shares) to preferred shares and to retire the common shares. This
gives us a three pronged approach( our online store, preferred
offering, and shareholder conversion to preferred) towards
achieving our goal of a large scale reductions to our outstanding
and tradable shares in 2015. We will announce the results of this
as soon as it is complete.
**Production update: We have begun with the initial production
of 200k bottles of our water product and 100k bottles of our juice
product. We have had great success with pre orders and believe that
once our apple juice is tasted it will gain mass market
appeal. We have begun filling our online and client orders
and we are happy to report that we will be very close to sold out
thus we have scheduled our next production run to be in January. We
expect revenue from our December production run alone to be in
excess of $140,000.00 between the two
products. We expect the demand for our water and apple juice to
increase monthly therefore our January product run will be for 300k
bottles of water and 200k bottles of apple juice and possibly
higher. We will continue to increase our production as the need
arises and will meet all scheduled demands for our products. We
have set 2015 revenue goals at a minimum of ($2,000,000) Two Million
Dollars for the year. This is a very conservative approach
and would require only minimal increases over our December
production values.
**Client updates: Our relationship with C and B International is
a key component of our desire to achieve exponential growth. We are
continuing to show our ability to meet their demands and through
their persistence and our preparation we are very close to adding a
very large scale client. In addition, we will complete the
deliveries to the remaining (27) 7- Eleven stores in the coming
weeks and through C and B, we expect to expand our footprint to
reach 300 7-Eleven stores in the near term. The sky is the limit
with this as merely a 1/4 pallet, (40 cases) per month per store,
is 100 pallets per month on a recurring basis. We ask that you
respect this relationship as it is one of great benefit to us
all.
**60 ICCF Charter Schools: We are gaining traction with our
school system partner and expect great things. The plan for 2015 is
for a minimum of one pallet per month, per school on a recurring
basis. There is no better place for our "Where Healthy Begins
Campaign" to start than in the schools. This relationship will open
the door to adding additional school systems to our family in the
future
**Associated Grocers: We will be a vender at the upcoming
Associated Grocers trade show in Feb.
2015. We will be fully approved to sell our water and apple
juice to their member grocers. With more than 10,000 member
grocers, this presents an enormous opportunity for Pleasant Kids as
we are better able to handle the demands that will be presented.
2014 was spent developing and nurturing this relationship and we
expect that it will bare an abundance of fruit in 2015
**Additional flavors: Launch of our all natural fruit punch
flavor is set for April, 2015. other all natural fruit flavor in
July, 2015, to be determined by shareholders. In addition we will
bottle our high alkalized pH water in BPA free one gallon size
containers by the summer of 2015. The additional products will make
us a more complete and competitive beverage company and we will
look to capitalize on our mission of "Where Healthy Begins" as all
of our products will be all natural and contain vital nutrients
that our children need.
**Certified New York Bottler: We are applying for New York certification which is a requirement
that will allow us to distribute our products throughout the
state.
Year in Review: Share Reduction to A/S, Share Buyback, Apple
Juice Launch, Name and Ticker change, Corporate relocation to
Florida, and the addition of
co-packers for our water and juice products.
We would like to offer continued thanks to our family of
shareholders. Your support is much appreciated.
Please stay tuned. There is so much more to follow.
About Pleasant Kids Inc.
Headquartered in Fort Lauderdale,
FL, Pleasant Kids is America's premier supplier of naturally
balanced alkalized spring water, "healthy water" and all natural
apple juice for children. The company features copyrighted mascot
characters along with our national "Where Healthy Begins" campaign
promotes a healthy lifestyle and educates children on the benefits
of our products. Additionally, all the products are
eco-friendly, BPA free, Non-toxic, No Bisphenol A, and No
Phthalates. Pleasant Kids Inc. owns and operates Pleasant Kids
EXTRA, Inc. EXTRA manages the intellectual copyrights to the
characters and makes them available for select and limited business
development, sponsorship opportunities and licensing deals.
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT
TERM IS DEFINED IN SECTION 27A OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND
SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS
NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING
STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE
HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS
NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR
ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS.STATEMENTS
THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE
PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS"ESTIMATE",
"ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS
ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS
CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO AS
WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL AND
QUARTERLY REPORTS ON FORM 10-K AND FORM 10-Q, RESPECTIVELY, AND
FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING
THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE
REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL
REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS
PRODUCT DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE
COMPANY'S EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY
ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE
MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES
NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO
UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE
PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY
BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS
CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO
ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL
PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE
INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK
FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM
TIME-TO-TIME WITH THE UNITED
STATES SECURITIES AND EXCHANGE COMMISSION. THIS NEWS RELEASE
HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. NO SECURITIES REGULATORY AUTHORITY
HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE.
THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF
THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER,
SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR
QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH
JURISDICTION.
For more information and all the latest from Pleasant Kids, Inc.
(PLKD)
Please contact customer service at 1-855-710-KIDS or visit
us at www.pleasantkids.com
Email us at info@pleasantkids.com
Pleasant Kids, Inc
1 East Broward Blvd Suite #700
Fort Lauderdale, FL 33301
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pleasant-kids-inc-announces-acquisition-mou-and-end-of-year-corporate-update-300013894.html
SOURCE Pleasant Kids, Inc.