Latteno Food Corp (OTC:LATF)

WEB NEWS

Thursday, April 24, 2014

Comments & Business Outlook

DENVER, CO--(Marketwired - Apr 24, 2014) - Latteno Food Corp. (OTC Pink: LATF) (PINKSHEETS: LATF) is pleased to announce that preliminary 2104 Q1 figures confirm that 2013's record Revenue results have been maintained, in spite of Q1 seasonal downturns and industry obstacles. Led by continued improvement in wholly-owned subsidiary Mekonza's continued shipment growth of its fresh seafood products both domestically and internationally, Q1 revenue totaled $3,795,855; an increase over 2013 Q1 record breaking revenue. Additionally, the Company's recently reported aggressive MMJ initiatives have added additional streams of sustainable revenue growth.

Concurrently with its Q1 Revenue announcement, the Company is pleased to announce that its Mekonza subsidiary has a number of substantial distributorship agreements with Vietnamese suppliers that are expected to increase its Revenue 20- 30% over the next two years, commencing Q2.

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. 

"We continue to be pleased with the contribution of our Mekonza subsidiary and its steadily increasing revenue flow that has been able to grow and withstand outside industry obstacles," commented CEO Thu Le. "The stability of Mekonza operation has permitted us to aggressively implement our complementary MMJ initiatives that are already beginning to grow revenue from a number of revenue streams. We look forward to a positive 2014 and will continue to report all developments."



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