DENVER, CO, United States / ACCESSWIRE / Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that preliminary 2014 Q2 figures have exceeded 2013’s Q2 record revenues. The continued gains can be attributed partly to the wholly-owned subsidiary company, Mekonza, and it's steady shipment growth of fresh seafood products both domestically and internationally. 2014Q2 3 month revenue increased to $3,988,418; and the Q2 6 month revenue increased to $7,784,538.
The company is pleased that its recently reported, aggressive, MMJ initiatives continue to build sustainable revenue streams; and reports that revenue from recently announced Colorado grow farm operations will be included in Q3 revenue results.
The company is currently finalizing the financial statements and quarterly disclosure documents for timely submittal to OTC Markets, as required to maintain its OTC Pink Current Information status, the highest of OTC Pink Marketplace Segments.
"Our Mekonza subsidiary continues to provide steadily increasing revenue flow that has been able to grow and withstand outside industry obstacles” commented CEO, Thu Le. “The stability of Mekonza's operations have permitted us to continue our aggressive, complementary MMJ initiatives that are already beginning to grow revenue from a number of revenue streams. We look forward to a positive second half of 2014 and expect improvement from all areas, particularly with the inclusion of our Colorado grow farm operations in next quarter's financials.”
The company believes that its Colorado MMJ grow farm partnership project is an integral part of its overall MMJ Strategy. New ventures and initiatives have been developed to provide complementary, sustainable revenue streams in the MMJ sector.
About Latteno Food Corp. (www.Latteno.com)
Latteno Food Corp. is an investment portfolio company that acquires food products, medical marijuana edibles and related products/services to with the aim to enhance company 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 Rx Harvest Collective Inc. (www.RxHC.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. (www.Mekonza-corp.com)
Headquartered in Southern California since 2006, the founders 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.
Latteno Food Corp.