CORRECT, "HUGE INFO": "Jun 26, 2015 Tesoro Enterprises, Inc. (TSNP)
"On June 26, 2015, the Company issued the following update to its press release of June 19, 2015 relating to its announcement regarding the Supplier Agreement signed with Wayfair LLC."
"Subsequent to the signing of the agreement, the Company uploaded approximately 250 SKU’s, 25 individual items with their variations. Wayfair has indicated that it will take “two to three weeks to complete initial launch”.
"The Company has received questions concerning the "Transaction" from current share holders or "Other Interested Parties". Since the Company cannot answer these questions on a one to one basis, it has decided to publish the questions and answers here".
- Q. How long will it take to actually have product up on the Wayfair site(s)
- A. As quoted above, the company has delivered the first traunch of product data to Wayfair and has been informed that it will take two to three weeks to complete the initial launch. Subsequent to the initial launch, the company will have direct access to the site and will be in a daily update, add, change and delete relationship.
- Q. Does the company have any forecasts for volume resulting from the Supplier Agreement?
- A. "Wayfair will provide Volume Forecasts once the initial launch is completed.
Aside, what Wayfair ($3 Billion Revenue company) considers Significant, has a much Different Impact on TEI".
- Q. Why not a broader Press release?
- A. We will do this once we have product up on the Wayfair site.
There have been other questions that have surface as part of this announcement. So we will add them to the list.
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Q. Is the company planning any sort of share restructure such as a reverse split or retirement?
- A. "Not at this time".
- Q. Is there any share Dilution occurring?
- No, the company has "Not Issued ANY new common shares OR ANY Convertible Securities in over 4 Years".
The issued and outstanding, EXCEPT for "Shares Purchased Back by the Company" for the treasury, has not changed.
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Please review the filed financial statements on the OTCMarkets.com web site.
"During the 6 months ended June 30, 2015 and the Years ended December 31, 2014 and 2013:
The Company issued -0-, -0- and -0- shares, Respectively".
www.otcmarkets.com/stock/TSNP/news/Update-of--June-19--2015-Press-Release?id=108350&b=y
Safe Harbor Statement
This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. Actual events could differ materially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Tesoro Enterprises, Inc. are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on the forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the Company from time to time with the Securities and Exchange Commission.
Contact Information:
Tesoro Enterprises, Inc.
426 Danbury Road
Wilton, CT 06897
Copyright © 2015 OTC Markets. All Rights Reserved
During the 6 months ended June 30, 2015 and the years ended December 31, 2014 and 2013,
the Company issued -0-, -0- and -0- shares, respectively.
