SOURCE: Latteno Food Corp.

November 20, 2013 13:15 ET

Latteno Postpones Sale of Wholly-Owned Subsidiary Mekonza Corp.

Company Diversifies Its Seafood Division by Entering the Mexican Food Supplier Market

SANTA ANA, CA--(Marketwired - Nov 20, 2013) - Latteno Food Corp. (OTC Pink: LATF) today announce that it has postponed and rejected offers to buy out its high revenue and profitable Mekonza or its assets. After several weeks of negotiation and due diligence, the Company's management has decided to reject all pending offers from several publicly-listed food importers and cancel all future plans of selling off Mekonza or its assets.

Recently, Latteno management has been offered to cross border into the Mexican market to supply local Tijuana/Rosarito food suppliers and restaurants with its fresh and competitively-priced seafood products. The name "Latteno" brought immediate attention to these markets as well as the surrounding heavily-concentrated Spanish consumers market in Arizona, New Mexico and Texas.

CEO Thu Le comments: "It was a difficult decision to turn down such a generous offer from this publicly-traded seafood supplier. Our number one reason for this cancellation of sale is due to the fact that we've received quite a few emails coming in from concerned investors stating the main reason they're in LATF is because of Mekonza and its potential growth. Our management has taken those opinions and concerns very seriously and decided to put our shareholders as our top priority. Now with our lucrative offers to cross borders into the Mexican consumers market and unlimited opportunity to tap and grow into this populated region, we think we've made the right decision to keep Mekonza as our core business and expand further as time and resources allowed."

About Latteno Food Corp. (Latteno.com)

Latteno Food Corp. is an investment portfolio company that acquires food products, and medical marijuana company builds asset 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-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.

Contact Information

  • Contact:

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