FT. LAUDERDALE, FL / ACCESSWIRE / April 26, 2016 / Santo Mining Corporation also known as Cathay Lifestyle Co., (USOTC: SANP), (the "Company"), is pleased to announce that the Company has signed a letter of intent to purchase a significant interest in Cubanacan Cigars, a vibrant luxury cigar company with headquarters in Nicaragua and Florida. On behalf of the Mederos Family Alex Del Rey stated, "The strategic partnership with Cathay was an opportunity that we simply could not pass up. I predict that the Chinese market will easily increase our current yearly average sales of $2,000,000 dollars by 400% to 600%. Cathay has done a tremendous work in laying the foundation in China for high-quality cigar import, marketing, and sales so our partnership with them is a natural and synergistic fit that is certain to yield real success."
Mr. Yglesias, CEO of Cathay, also stated, "We intend to close on this transaction within the next 30 to 45 days. Cathay now has 2 acquisitions that will give the Company all the business licenses necessary to export tobacco to the Chinese government. These strategic acquisitions allow us to focus on developing larger sales contracts directly with China National Tobacco."
About CUBANACAN: (www.cubanacancigars.com) Cubanacan cigars embraces not only tradition, but strives to tell our story in every cigar. Our tale begins in the rich tobacco history of Cuba. As the stories of tradition and quality were passed from generation to generation, that tradition was carried forward to the fertile soil of Esteli and Jalapa Nicaragua in 2006 where we started to grow our own tobacco. Shortly after we established our factory in Esteli with just five pairs of rollers set out to create cigars that will share our story with the world. The name Cubanacan was chosen for it's vibrant history and the story behind it's meaning. Cubanacan means "where fertile land is abundant" and is derived from tobacco traditions that predate Cuba itself. The story of Cubanacan is not just one of our past, but one that is still being written.
Make sure to visit and/or contact SANP online through its many media outlets:
Website: http://www.cathay.asia
Email: [email protected]
Facebook: http://www.facebook.com/cathaycigars
Twitter: http://www.twitter.com/cathayinvestors
http://www.scoop.it/t/cigars-by-cathaycigars
About SANP: Cathay Lifestyle Company, we are a lifestyle brand integration, marketing, design, development, education and consultant for high value sales channel of luxury lifestyle products in the leisure and entertainment sector. We have a diverse portfolio of licensed brands as well as a wide range of product categories. Our partners include, membership clubs, golf clubs, financial services groups, nightclubs, restaurants, lounges, sports bars, KTV's, Duty Free Stores, e-commerce channels and direct to consumers B2C across Asia. Our services embody the interests, attitudes, and opinions of an elite group of consumers that embrace a particular culture. Our Lifestyle brands seek to inspire, guide, and motivate people, with the goal of our products contributing to the definition of the consumer's way of life. We operate off the ideology that we must attract and connect people and brands to ultimately spur, set and create new social phenomenon's.
FORWARD LOOKING STATEMENT: This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
SOURCE: Santo Mining Corporation