Latteno Food Corp. Generates $573,194 Q4 Net Profit


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Companies Mentioned

PK:LATF / OTC:BB:IPRU / OTC:BB:ESPI / OTC:BB:JRRD
03/21/2014 [ACCESSWIRE]

On Mar. 20, Latteno Food Corp’s (OTCPPINK: LATF) enjoyed robust stock volume with 159,036,320 shares changing hands.

The strong volume comes just two days after the Santa Ana-based medical-marijuana company released its fourth-quarter operating results showing a $574,194 Q4 net profit.

Summary of Latest Financials

According to the release, Latteno’s revenue for Q4 totaled $4,097,877, bringing 2013 Revenue to $15,100,739; and pre-tax Operating Profits soared to $409,909 and $983,103 for Q4 and 2013 respectively. Full 2013 Financials Statements, together with OTC Disclosure and Legal Opinion will be filed with OTC Markets as required, according to the company.

Q2 had reported a 4,600% increase in prior year's revenues and 1,500% increase in prior year's net profit; and Q3 had reported 3,700% increase in prior year's revenues and $573,194 in net profit versus a net loss of $54,678 for prior year 2012, according to the company.

Volatile Industry

Latteno Food is another penny-stock company chasing the marijuana business that has seen its stock volume and share price cool down lately.  

The company experienced extremely high volume in mid-February that was most likely generated by the news that the acquisition company was picking up and moving its headquarters from Santa Anna, Calif. to Colorado Springs, Colo. to cash in on the medical marijuana gold rush.

Strategic Move

According to Feb. 12 release, the strategic move to Colorado will allow Latteno to capture a fast growing market through partnership and acquisitions. Latteno said it has contemplated the possibility of divesting current assets to concentrate solely on capturing and growing the medial marijuana business.

Latteno Food said at the time it was also prepared to establish a presence in Washington in anticipation of next wave in recreational use legalization.

Meanwhile the Latteno Food said it has forged partnerships with dispensaries and clinics in both Arizona and Nevada. Joint products development is underway as the company prepares to send representatives to field offices for further negotiations.

On Mar. 20, LATF’s share price closed at 1 cent, unchanged from its closing price of the previous day.

Find out what could be the best investor’s move when it comes to LATF by getting the complete report here, or by cutting and pasting the following link in your Web browser:

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Innovative Product Opportunities in Talks to Acquire Tracking Company

In other news, product developer Innovative Product Opportunities Inc.’s (OTCQB: IPRU) shares surged Mar. 20, with 205,841,728 shares changing hands, nearly five times more than its three-month average volume of 44,151,707 shares.

The uptick in stock volume could be tied to a recent announcement by the Huntington Beach, Calif.-based company stating that it was in the middle of talks to acquire an established, automated target tracking company specializing in the stage, lighting, event and exhibition industries.

Innovative said that it’s reviewing the unnamed company with intentions to sign a LOI for their systems which can be used for tracking targets or performers utilizing robotic lighting and video projectors.

“This opportunity is a huge leap forward for us into the exciting field of stage, TV and exhibitions. The opportunities for these products are huge and could very well revolutionize the entertainment production industry,” Innovative’s CEO Doug Clark said, in a written statement

So far, there has been no update on the potential acquisition.

On Mar. 20, IPRU’s share price closed at 0.0007 cents, up 0.0002 cents from its closing price of 0.0005 the previous day, on volume of 7,886,666 shares.

Find out what could be the best investor’s move when it comes to IPRU by getting the complete report here, or by cutting and pasting the following link in your Web browser:

http://www.sixfigurestockpicks.com

 

ESP Resources Inc. Stock Volume Soars

Meanwhile, ESP Resources Inc. (OTCQB: ESPI) stock volume also soared Mar. 20, with 14,876,924 shares changing hands, more than four times its three-month average volume of 357,780 shares.

Since there hasn’t been news or press releases on the oil and gas services company headquartered in The Woodlands, Texas since Nov. 26, 2013, it’s difficult to decipher what is behind the sudden surge in stock volume of this penny stock.

Latest Financials

Moreover, ESP’s last financial report of Dec. 31, 2012 is dated. But at that time, the company shows -$5 million net income.

On Mar. 20, ESPI’s share price closed at 0.031 cents, up 0.018 cents from its closing price of 0.013 the previous day, on volume of 7,886,666 shares.

Find out what could be the best investor’s move when it comes to ESPI by getting the complete report here, or by cutting and pasting the following link in your Web browser:

http://www.sixfigurestockpicks.com

 

Journal of Radiology Inc. Keeps Low Profile

Finally, Journal of Radiology Inc. (OTCQB: JRRD) is a development stage company based in Santa Monica Ca.

Since its formation the penny-stock company like some many others has not yet realized any revenues from its planned operations. In fact, according to its last financial filing on Jun. 30, 2013, the company had an operating loss of $354,000.

 

The company has not issued any press releases, is not in the news and currently does not have a Web site listed.

On Mar. 20, JRRD’s share price closed at 0.0003 cents, up 0.0001 cents from its closing price of 0.0002 the previous day, on volume of 7,886,666 shares.

Find out what could be the best investor’s move when it comes to JRRD by getting the complete report here, or by cutting and pasting the following link in your Web browser:

http://www.sixfigurestockpicks.com

 

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