SOURCE: Latteno Food Corp.

October 15, 2013 21:44 ET

Latteno Food Releases Corporate Update: Plans for More MMJ Acquisitions

Company Receives Cash and Stock Offers to Buyout Wholly-Owned Subsidiary Mekonza Corp.

SANTA ANA, CA--(Marketwired - Oct 15, 2013) - Latteno Food Corp. (OTC Pink: LATF) was pleased to announce last week that both June and September quarters of 2013 had record numbers for LATF shareholders. Based on the positive cash flow and profitability, the Company has been accessing other Medical Marijuana (MMJ) related products and services to acquire immediately.

The Company's Management has been busy scouting the country for complimentary MMJ products/services; and has identified a couple of strong candidates and is pursuing those leads aggressively. Letters of Intent are being drafted and presented to potential candidates. Further updates will be provided as negotiations advance.

Additionally, the Company has received several cash and stock offers to buy out or its high revenue and profitable Mekonza or its assets. Management is currently reviewing all offers and will make a decision in the near future.

CEO Thu Le comments: "We're very excited about our upcoming MMJ acquisitions and strategic alliances. Our wholly-owned Mekonza has been getting quite a bit of buzz in the seafood community as of late. We have constant pursuers chasing after our high revenue/profitable Mekonza and we're taking those offers seriously. We'll carefully conduct our due diligence and will announce our decision within the next 30-60 days."

To accommodate its recent growth, Latteno has move its corporate office to a high-traffic, visible area of Orange County's populated business corridor. The new corporate address is 6 Hutton Centre Drive, Suite 600, Santa Ana, California. The new phone number is (714) 382-6808.

About Latteno Food Corp. (Latteno.com)

Latteno Food Corp. is an investment portfolio company that acquires food products, medical marijuana 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 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-reckon-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 Information

  • Contact:

    Latteno Food Corp.
    Investor Relations
    (714) 382-6808
    info@latteno.com