SANTA ANA, Calif., March 20, 2013 /PRNewswire/ -- Latteno Food Corp. (OTCPink: LATF) recently announced the signing of LOIs to acquire California-based licensing dispensaries and other food-related businesses. Today, LATF is pleased to inform our investors that acquisition candidates have been selected and several announcements will be made shortly. In addition to our medical marijuana edibles business, the company is also branching into the high demand/fast growth market of importing fresh seafood from exclusive distributors in Southeast Asia. Our plan this year calls for a forecasted revenue of at least $2,500,000 and $10,000,000 by year end 2015 which we'll be able to achieve by executing a two-prong strategy.
Part one of the growth strategy will be to offer our products throughout the United States. National expansion is underway as our planned-to-acquire businesses have already established to gain new US based customers as well as maintaining current ones. Achieving this will increase the brand and company's image to attract marquee clients and corporate sponsorships.
Part two of the growth strategy is to pursue international expansion to offer our products around the world. Establishing foreign presence in Southeast Asia and Canada along with potential exclusive distributorship with suppliers in Portugal and Asia, Latteno will vastly increase its global blueprint within the next 3-6 months.
The initial phase of marketing and distributing Latteno Food products has started but the company is forecasting the aggressive growth strategy will lead to substantial revenue generation in the short-term and has the potential to become a household name over the next five years.There are three primary drivers of shareholders value in the growth strategy: 1. Revenue Growth: With 1-2 planned acquisitions in the next 30-60 days, we'll be on our way to achieve our targeted revenue of $2,500,000 by the end of this year. 2. Cash Flow Growth: Maintain profit margins to ensure cash balance is strong in preparation for future partnership and acquisition deals.
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