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LONGS - we got a buy rating from American Bulls. Link below!!!!
http://www.americanbulls.com/StockPage.asp?CompanyTicker=IFDG&MarketTicker=OTC&TYP=S
Anyone else here. lol.. Im adding tomorrow. WM% shows this is now oversold. Look for it to turn up very soon. Good luck all, of course do your own DD, just my interpretation...
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUk14!Lc...
MACD turned upwards today.. MONEY Up,
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUa12,26...
Accumulation up, Buying/selling (towards buying.. )
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUf!Lk14...
Looking like a reversal.
I've seen questions about revenue$$ etc. This is from the last 10Q in May.
They only started shipping the fractional packs in Q2 to Sams so that ought to post this next quarter, additionally the deals they have for the Figs, Blueberries, Costco, Sams and whoever else (do a google/or Yahoo search for news), I cannot see how the figures just will not boom upward. I guess time will tell.
Form 10QSB/A for INTERNATIONAL FOOD PRODUCTS GROUP INC
--------------------------------------------------------------------------------
10-May-2005
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
The following discussion and analysis should be read in conjunction with the information set forth in the un-audited financial statements for the six-month period ended December 31, 2004, and December 31, 2003 and for the three and six month periods ended December 31, 2004, and December 31, 2003.
Plan of Operations
During the past year, IFPG has become an international importer and U. S. representative for various domestic and foreign product companies. Some of the products represented include premium coffees from Columbia, organic vegetables from Asia and Frozen fruits and vegetables from China and South America among others. Fiscal year 2004 was a year of transition for IFPG. Management made a concerted effort to acquire new products and refresh our marketing strategies that will greatly expand our footprint.
These decisions have positioned us in one of the major retail categories - Coffee, as well as imported Organic Frozen Vegetables and frozen fruits both organic and non-organic.
This repositioning allows us to seek a buyer for our unique, market-tested snack products - G.O.T. Fries (R), AW Shucks (TM), (both are patent protected), as well as Just Popped (TM) - a line of Gourmet style popcorn. With sky-rocketing transportation costs, the investment required to manufacture in multiple locations was determined not to be in the long term best interest of the Company.
IFPG is affiliated with a large, grower and roaster of Colombian coffee, and has begun to import under the Golden Choice Foods(R) brand for immediate resale to major retailers.
IFPG will soon begin a test market for its three pound whole bean product with one of the world's largest retailers.
Additionally, we are pleased to announce that we have begun shipping our 100% Colombian Supremo fractional packs to the same national account. Annual sales should increase to approximately $3,000,000.
Our Colombian Coffee is roasted in the Coastal Valley of the Sierra Nevada de Santa Marta mountain range, which gives us a strategic advantage due to the proximity of this gourmet coffee growing region to the roasting facility. The coffee is sorted and roasted in the facility owned by our supplier, which has a 100 Million pound roasting capacity and has been in business for over 70 years roasting quality coffee. Roasting in Columbia provides significant cost advantages that will allow IFPG to provide high quality Colombian Coffee at competitive prices in the USA.
Additional objectives for the following fiscal year include;
1. Begin to market a line of roasted coffee products throughout the United States.
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2. Co-Brand with Juan Valdez for all of our Colombian Coffee products.
3. Create an infomercial in Japan to promote at home coffee consumption to the fastest growing sector in the World by co-branding with Juan Valdez.
IFPG has negotiated and signed a cross-marketing agreement with Silverado Corporation of Tokyo, Japan. Silverado's experience in dealing with cultural and language issues will remove the barriers that have often hampered the activities of U.S. companies abroad. This alliance allows us to take advantage of the ever-expanding Asian markets, including China, and is expected to add significantly to our revenues.
IFPG and Silverado have completed development of a line of organic, frozen vegetables for the U.S. market. These vegetables are grown by one of the largest producers in Asia. They meet all of the U.S.D.A. organic requirements and are expected to be available in the U.S. by August 2005. These products will be marketed by Golden Choice Foods(R) under the Organic Harvest(TM) label.
Management believes that it will need to raise additional capital in order to implement its business plan. Management believes it can raise the needed capital through additional debt, lines of credit, and the sale of equity in the company. Management has had discussions with sources of capital and from these discussions feels that IFPG can be financed if it secures retail outlets for its products.
Market Analysis
Coffee is the second largest commodity next to oil and Colombia has remained the second largest producer of coffee in the World for two centuries. Imports of Arabica coffee in the United States have increased ninety-four percent in the past five years. In 1999 there were 108,000,000 coffee consumes in the United States spending an approximated $9.2 billion in the retail sector and $8.7 billion in the food-service sector every year (SCAA 1999 Market Report). It is estimated that U.S. coffee drinkers spend on average $164.71 per year on coffee.
The National Coffee Association found in 2000 that 54% of the adult population drinks coffee daily (NCA Coffee Drinking Trends Survey, 2000). They also reported that 18.12% of the coffee drinkers in the United States drink gourmet coffee beverages daily (NCA). In addition to the 54% who drink coffee everyday, 25% of Americans drink coffee occasionally (NCA).
The average annual consumption of coffee per capita in the United States is around 9.7 pounds. Among coffee drinkers (i.e. not per capita) the average consumption in the United States is 3.1 cups of coffee per day (NCA). Per capita, men drink approximately 1.9 cups per day, whereas women drink an average of 1.4 cups of coffee a day (NCA).
The increase in the number of independent specialty roasters in the United States and Japan has contributed to and is an indicator of the increased demand for coffee. Within the larger coffee market our target market is the specialty roaster. Discerning customers want the highest quality coffee beans. They serve the growing "gourmet" coffee market and are represented by large American companies like Starbucks and thousands of smaller specialty roasters. The Arabica bean is considered to be the best in the world and as such, the demand for Arabica beans is high on the specialty roaster market.
By providing the finest varieties of coffee, IFPG has taken the first step towards a differentiated product. To further distinguish our coffee, we adhere to high quality standards, which we believe are greater than many of our competitors.
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In addition, all of our beans are of the Sierra Nevada variety.
The Sierra Nevada strain is considered one of the finest Colombia has to offer. It is grown in the mountains surrounding Barranquilla and is highly sought after by specialty roasters from around the World.
We are optimistic about the opportunity to introduce our new lines of coffee, organic vegetables, and the revolutionary cleaning products. To accommodate this growth, IFPG has recently moved and increased the size of its in-house management and sales team.
In conclusion, this year should reflect a dramatic expansion and presence for our brands in many of the largest retail outlets in the country. We have emerged stronger with a range of new, unique products that should achieve significant revenues, profits and dramatically increase shareholder value. We are confident in the soundness of our strategies and the choice of our brands.
Critical Accounting Policies
The preparation of financial statements and related disclosure in conformity with accounting principles generally accepted in the United States requires us to make judgments, assumptions, and estimates that affect the amounts reported in the financial statements and accompanying notes. Results of operations could be impacted significantly by judgments, assumptions, and estimates used in the preparation of the financial statements and actual results could differ materially from the amounts reported based on these policies.
Results of Operations for the six-month periods ended December 31, 2004 and
2003.
Net Sales. Net sales for the six-month period ending December 31, 2004 compared to the six -month period ending December 31, 2003 increased from $0 to $202,729. The company began to ship its 100% Colombian fractional pack coffee in the second quarter of FYE 2005.
Cost of Sales. The Cost of Sales for the six -month period ending December 31, 2004 was $239,297, as compared to $0 for the six -month period ending December 31, 2002. The Company had no sales during the six -month period ending December 31, 2002.
Selling, Marketing, Acquisition, Product Development, Sales Travel and Promotion, Trade Shows, and Consulting Expenses. These expenses for the six -month period ending December 31, 2004 were $280,709 as compared to $1,003,747 for the six - month period ending December 31, 2003. The company continued to invest capital in selling, Marketing and product development in anticipation of upcoming sales. It did not have to invest as much do to the tremendous outlay for development during the six - month period ending December 31, 2003
General and Administrative expenses. General and Administrative expenses for the six -month period, ending December 31, 2004, were $279,641, as compared to $146,733. G&A increased because of an increase in officers and directors salaries of $98,000, an increase in
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Shareholder relations of $14,000, an
increase in rent of $4,000 , an increase in postage of $4,000 and the resolution of an unresolved credit.
Interest Income (Expense). Interest expense for the six -month period ending September 30, 2004, compared to the six -month period ending December 31, 2003 decreased from a net amount of $(10,422) to $(1,110). This decrease was a result of a reduction in Notes Payable due related and unrelated parties.
Net (Loss). For the six-month period ending December 31, 2004, the Company had a net loss of $(600,964) or $.012 per share as compared to a net loss of $(1,164,796) or $0.0234 per share for the six -month period ending December 31, 2003.
Results of Operations for the three-month periods ended December 31, 2004 and
2003.
Net Sales. Net sales for the three-month period ending December 31, 2004 increased from $0 for the three-month period ending December 31, 2003 to $202,729. The company began to ship its 100% Colombian fractional pack coffee in the second quarter of FYE 2005.
Cost of Sales. The Cost of Sales for the three-month period ending December 31, 2004 was $239,297, as compared to $1,767 for the three-month period ending December 31, 2003.
Selling, Marketing, Acquisition, Product Development, Sales Travel and Promotion, Trade Shows, and Consulting Expenses. These expenses for the three-month period ending December 31, 2004 were $145,448, as compared to $264,390 for the three-month period ending December 31, 2003. The company continued to invest capital in selling, Marketing and product development in anticipation of upcoming sales. It did not have to invest as much do to the tremendous outlay for development during the three- month period ending December 31, 2003
General and Administrative expenses. General and Administrative expenses for the three-month period ending December 31, 2004 were $201,810 as compared to $103,863 for the three-month period ending December 31, 2003. G&A increased because of an increase in officers and directors salaries of $87,000, an increase in Shareholder relations of $16,000, and a decrease in legal expenses of $5,000.
Interest Income (Expense). Interest Expense for the three-month period ending December 31, 2004, compared to the three-month period ending December 31, 2002 decreased $(5,399) to $(1,613). This increase was a result of decreased borrowing from related and unrelated parties.
Net (Loss). For the three-month period ending December 31, 2004, the Company had a net loss of $(384,512) or $.0077 per share as compared to a net loss of $(375,429) or $0.0076 per share for the three-month period ending December 31, 2003.
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Liquidity and Capital Resources
Since its inception, IFPG has financed its cash requirements from cash generated from operations, the sale of equity securities, vendor lines of credit and debt financing with related and unrelated parties. As of December 31, 2004 IFPG has no liquidity.
Total assets increase $158,888, or 1887% over the prior year. This increase was due to an increase in Account Receivable of $109,584 and an increase in inventory of $48,128.
Total liabilities increased by $222,493, or 37% over the prior year. This increase was due to a decrease in account payable of $24,000, an increase in Accrued payroll of $121,000, an increase in accrued expenses of $60,000, and an increase in notes payable of $65,000.
Total stockholders' equity decreased to $(649,976) as of December 31, 2004 from $(586,371) as of December 31, 2003. This decrease is due to the net loss incurred during the period offset by equity issued for services.
Certain related party notes payable became due and payable on December 31, 2004. The Company's management has negotiated an extension of these loans.
Management is of the opinion that IFPG's cash on hand and revenues from operations are insufficient to meet the operational needs of the company for the next twelve months. Accordingly, management will rely upon proceeds from debt financing from related and unrelated parties.
Material events and uncertainties. IFPG anticipates that it will begin to be profitable during the third quarter of fiscal year 2005. For this to happen, the Company must be successful in raising additional capital in order to deliver its products to the marketplace. Prior to this, IFPG will continue to raise additional capital, factor accounts receivable or obtain debt financing. Additionally, IFPG must be able to continue to develop markets and gain consumer acceptance of its products.
While IFPG believes that these statements are accurate, IFPG's business is dependent upon general economic conditions and various conditions specific to the consumer hot beverage industry. Accordingly, future trends and results cannot be predicted with certainty.
Under current operating conditions, management believes that IFPG's sources of cash are insufficient to last through the next year. For IFPG continue to operate and to grow its sales it will need to raise additional capital and have profitable revenue.
Certain Trends and Uncertainties:
IFPG has in the past and may in the future make forward-looking statements. Certain of the statements contained in this document involve risks and uncertainties. The future results of IFPG could differ materially from those statements. Factors that could cause or contribute to such differences include, but are not limited to those discussed in this document. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those predicted. Such risks and uncertainties include, but are not limited to the following:
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Commodity Prices and Competition:
IFPG is subject to market risk with respect to the cost of commodities becauseIFPG's ability to recover increased costs through higher pricing may be limited
by the competitive environment in which it operates. Also, currency exchange rates factor in to IFPG's ability to make a profit from its foreign produced goods because IFPG is subject to currency exchange rates at the time of purchase. The markets for IFPG's products are characterized by frequent new product introductions. IFPG's future success is dependent upon the timely completion and introduction of new products at competitive prices and quality levels. In addition, IFPG must respond to competitors in IFPG's markets. If IFPG is not able to accomplish timely introduction of new products, increase its market share of existing products, or to respond effectively to competition, its business and operating results could be adversely affected.
Raw Materials and Other Supplies:
The coffee industry has ample manufacturing capacity and is expected to continue to do so in the future. The prices IFPG pays for its raw materials are subject to fluctuation and to currency exchange rate fluctuation. When prices increase, IFPG may or may not be able to pass on such increases to its customers. IFPG's results of operations could be adversely affected if its raw material suppliers are unwilling or unable to supply a timely and sufficient supply of product to IFPG and if IFPG is unable to pass on price increases to its customers.
Raw Coffee Costs:
The cost to purchase green coffee beans is the single most important cost for IFP. Because it is a commodity, its price fluctuates daily. IFPG must find effective ways to keep this costs within its budgeted limits. If IFPG is not able to control these costs, its business and operating results could be adversely affected.
CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
From time to time, the Company will make written and oral forward-looking statements about matters that involve risk and uncertainties that could cause actual results to differ materially from projected results. Important factors that could cause actual results to differ materially include, among others:
- General domestic economic and political conditions
- Changes in laws and government regulations, including without limitation regulations of the Securities and Exchange Commission
- The availability and timing of receipt of necessary outside capital
- Other risk factors described from time to time in the Company's filings with the Securities and Exchange Commission.
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Many of these factors are beyond the Company's ability to control and predict. Investors are cautioned not to place undue reliance on forward-looking statements. The Company disclaims any intent or obligation to update its forward-looking statements, whether as a result of receiving new information, the occurrence of future events, or otherwise.
They sure do have some decent looking packaging I like the little "critter"
I found the fractional pack Coffee at Sams in Colorado.
http://www.goldenchoice.com/new_products.html
http://www.goldenchoice.com/main_framset.html
Looking forward to that next 10Q. :) Would really like to see a huge growth for the quarter and guidance for next. I think that'll really give us the boost we're looking for. Good luck all.
IFDG International Food Products Group, Inc. and Silverado Corp KK Ltd of Minato-KY, Tokyo, to Begin Marketing Coffee Products in Japan
PR Newswire - July 26, 2005 8:30 AM (EDT)
NEWPORT BEACH, Calif., July 26, 2005 /PRNewswire-FirstCall via COMTEX/ -- Richard Damion, CEO of IFPG (OTC Bulletin Board: IFDG) announced today that the agreement reached with Silverado's President, Isao Kashimura to be IFPG's brand licensee and distributor for the Japanese market is ready for implementation. Damion added, "It has taken two years to complete development of our whole bean and ground coffee programs. Silverado's experience in dealing with cultural and language issues will remove those barriers, affording us additional sales opportunities. This continuing relationship should allow IFPG to initiate a world-wide presence for marketing its products."
"We are excited about this opportunity to develop IFPG's coffee products in Japan," said Isao Kashimura, Silverado's President. "According to the Japan External Trade Organization (JETRO), Japan is the third largest coffee consumer in the world and its coffee imports have been rising compared with the United States and Europe."
About IFPG:
IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG". The Corporate Offices are at 170 Newport Center Drive, Newport Beach, CA, 92660. www.goldenchoice.com IFPG is the manufacturer and marketer of a variety of food products including "Got Fries(R)", Just Popped(TM), Golden Choice 100% Columbian Roasted Coffee(R) Golden Choice Organic Harvest Frozen Fruits and Vegetables(R) and other fine domestic and imported food products.
About Silverado:
Silverado Corp KK Ltd of Minato-KY, Tokyo, Japan is a direct response marketing company headquartered in Tokyo, Japan. The company produces infomercials of imported consumer products and airs them in various markets in Japan.
Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward- looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.
SOURCE International Food Products Group, Inc.
Media, Public Relations Dept of International Food Products Group, Inc.,
+1-714-538-8386, info@goldenchoice.com
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
good morning from g.!!!!
Today end of week!!!
UP OR DOWN???
GREEN OR RED???
its crazy!
Still looking strong.. stronger than ever. Cant WAIT for the day they announce Walmart, etc. rising on NO news.. go IFDG go.
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUa12,26...
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUf!La12...
I agree, I have 200000 of each!! Looking for a nice big gain on them both. Spoke to IR from HISC yesterday and he said they are getting everything lined up so they can get off the Pinkies.. Which I was GLAD to hear. Todays bomb attempts just make it that much more attractive. :) Good luck!!!
good morning!!! what see my eyes???
monsta breakout in the last hour!!!
GREAT!!!!!!!!!
IFDG to 1 $!!!!
http://www.wallstreet-online.de/market/charts/chartview.php?&spid=ws&&woid=01897349&...
I bought a couple of weeks ago at 0.06 cents and sold at 0.064,only to buy HISC.
Since i am in HISC i made the MOST money in my investement life.
Now,since i am able to sell some of my HISC shares for a very healthy profit ,i will buy some IFDG,just to balance my portfolio.
Both very good stocks IFDG and HISC
Today we went up against the .075 cieling and did what most stocks do on early tests...bounced off it. I believe we have seen some decent accumulation in the last 30 days.....simply look at some technical indicators to confirm. I would not be suprised to see us in the .06-.075 range for a short time before a volume move that busts us above and sees this head to the teens. As a technician the chart is great imo.....and the story is developing nicely and Imo we will see PR's that support that......so patience and let the winners run.
Still climbing.. technicals are positive. :)
macd; up , money flow; up.
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUa12,26...
Accumulation is up;..
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUf!Lo14...
Still looking good on the charts.. :) I think the exposure is just getting out there.
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUa12,26...
thanks! its not so easy to make it right! we will see!
zetti....go here
http://www.investorshub.com/boards/faqh2post.asp
all explained
IFDG is going much higher. Too much going on with this company. Working with Costco, Sam's Club (owned by Walmart). They seem to have a more diversified product line than BRVO. bRVO deals mainly in milk. IFDG deals with coffee (big business), frozen items like fries. I expect big news to develop over the next few weeks regarding shipments of products, sales numbers and new contracts.
good morning! little question: How can i show some charts in the
info box?
does not work!!!
greets
Thanks Styx, Appreciate the reassurance. I am confident this is going up and looking at the close today, technicals, news and potential I'd say it's going to have to really take some awful news to keep it down.
IFDG is doing something right. :) Keep the news coming and if you want to send me anything else; gilster007 @ yahoo . com.
Kyle, I got that information from a VERY TRUSTED source....who is in a position to know......its not privilidged info but I would rather not elaborate beyond that....the rest are held by those whom have no intention of holding back the share price by selling......the best indicator of this will be the behavior of the stock as we move forward.
IMO some great things are coming our way here and one could get a very good % return.....
I am not suprised by the float as seeing the chart and comparing the volume it looks consistant with those numbers....imo
Stix- I have already loaded the boat, cost ave. = .052
What makes you say 40 million is float. Yahoo has 107 I believe, and I realize insiders may be holding some. Just curious where the number came from.
I am praying to be right for once about a stock.
Thanks
Kyle
Float is less than 40 million....
and I will be loading the boat here after having spoken to those who know
I think its a gem in the making....did some DD on the CEO.....he has succesfully done this in the past, so hes no newcommer to getting this done.
Also the G.O.T Fries have already been market tested and were HUGE success...."The baked snack generated roughly $3 million in test markets" tested at Sam's Club, Wal-Mart, Walgreens and Bristol Farms....so hes done business with them before.
From a May 26 Interview....."Earlier this month, the now publicly traded company launched its fractional coffee packs at 120 Sam's Club stores, the nation's largest members-only grocery warehouse.
"Earlier this month, the now publicly traded company launched its fractional coffee packs at 120 Sam's Club stores, the nation's largest members-only grocery warehouse. With that cachet, Damion expects the rest of the firm's coffee products to hit the shelves of other big-box discount retailers within a few months."
So like you I expect a PR about Costcos next....not one that just mentions Costco when written about a marketing relationship.....and if from May 26th he said a couple of Months....we should be close.
Something else to ponder, if the expected revenue is at 30million the current share price makes the market cap only 7.5million (below).... that'd value the company at at least .15 based on par share value.
Lets hope that's the case!!
(Just the Costco deal is valued at the current share price 8 to 10 mill, and that's not counting any of the snack foods, blueberries/frozen foods, dates etc.) I'm very hopeful this is just a hidden gem that is just not known yet.
http://finance.yahoo.com/q?s=IFDG.OB
Last Trade: 0.05
Trade Time: 12:18PM ET
Change: 0.00 (7.41%)
Prev Close: 0.05
Open: 0.06
Bid: 0.05 x 5000
Ask: 0.05 x 5000
1y Target Est: N/A
Day's Range: 0.05 - 0.06
52wk Range: N/A
Volume: 760,680
Avg Vol (3m): N/A
Market Cap: 7.45M
P/E (ttm): N/A
EPS (ttm): -0.01
Div Yield (ttm): N/A (N/A)
NEWPORT BEACH, Calif., July 6 /PRNewswire-FirstCall/ -- International Food Products Group, Inc. (OTC Bulletin Board: IFDG - News), Chairman/ CEO Richard Damion, announced that IFPG has received an initial order commitment from a major national club store chain. This commitment is the largest initial order received to date by IFPG and is from one of North America's largest club store retailers. The product is our 100% Colombian whole bean supremo shade grown coffee, packed in an innovative "see-through" plastic (PET) container; a first in a major club store chain. The product is scheduled for delivery to their distribution centers in late September and revenue expectations for this one item is in the eight to ten million-dollar range annually.
Yes, the "agreement" was for Costco so that's great! My hope is that they can use these as catalysts to get into other stores. I'd say its like everything else, as sales grow so does thier need to expand so we'll see them using revenue to vamp up. Good news is that sales will go from 0 to what, 30million? that'll turn heads for sure. Got my attention.
I was thrilled to see ANY product of thiers in Sams. I will keep my eye out for the wholebean or vacuum pack, cant remember which it was that they were sending out, but it'll be good for sure when they arrive.
Good luck!
If you see product that means sales....and am I correct in that there really havent been any sales to date?
I have a call into the comapny, will report back when I gather some info from them.
in looking over the last 3 PRs my take is that
120 Sams stores now......clearly state that it will likely lead to all Sams and Wall Mart since Wal Mart owns Sams
and then one talking about rev from a single product to the tune of 8 mil annually....uknown store but refered to as one of the biggest
then yesterdays PR clearly states Costco.....so do you guys read it as Costco is the store that is unnammed one for the single product......if so that would make it Sams and Costco
Why else would you get a marketing firm specifically for Costco?
just rambling here....but this seems to have some potential.
Not to mention that once these relationships are enetered it must be easier to get other products on to the shelfs....and we do have some other products that look good.
I personally think the next PR will be either about shipping of the product or around 10Q. (Better yet, maybe info about shipping to all the walmarts?)
Perhaps an update on sales?
On a differnt note;
I went to Sams last night and the only IFDG product I could find was the institutional pack single serve columbian coffee. Heck I was excited to see those!!! Best I could tell it was the packs like they use in the small coffee pots.
Cant WAIT to see what happens with the next 10Q. Sit tight and hang onto those shares!!!! I am!!
http://finance.yahoo.com/q?s=ifdg.ob
I am about positive based on Technicals that this is going higher... New money, accumulation and MACD all positive. My interpretation only, but read them for yourselves and see what you see.
Moneyflow/Accumulation
http://stockcharts.com/def/servlet/SC.web?c=ifdg,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUc20!Lf...
MACD, Wm% (overbought/sold)
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUa12,26...
what may come...
IFDG...good entry point here imo, company has in the last month has gotten into 120 Sams club stores in the south west and has publicly stated that this is likely to expand to all of Sams Club for a total of 550 stores and Wal Mart for another 2650 stores.
they are estimating revs of 6-8 million just on the 120 Sams.....when all of Sams ar entered it should be Revs of 32 million annually
add Wal Mart and that is another potential of 170+million based on there Sams projections
and to top it all of Todays news confirms that Costco is about to be in the sales channell.....another 330 stores, another 24 million annually
this link for store numbers http://www.prn.com/advertising/index.html
Charts looking gooooood...
http://stockcharts.com/def/servlet/SC.web?c=ifdg,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUk14!Lo...
Accumulation and money flow positive.
http://stockcharts.com/def/servlet/SC.web?c=IFDG,uu[m,a]daclyyay[da][pc20!h.02,.20!f][vc60][iUc20!Lf...
Not that this means much, but american bulls posted IFDG as a buy yesterday.
http://www.americanbulls.com/StockPage.asp?CompanyTicker=IFDG&MarketTicker=OTC&TYP=S
Looks like the MM's may be short shares.. definite wait between ask's and fills.
IFDG details...
May 13.... International Food Products Group, Inc. (OTC Bulletin Board: IFDG - News) has launched its line of 100% Colombian Supremo fractional pack coffee in over 120 SAM'S stores in the southeast region of the United States.
Damion also stated, "This initial program should lead to additional opportunities with the world's largest retailer, i.e. Sam's Club and Wal-Mart.
July 6.....CEO Richard Damion, announced that IFPG has received an initial order commitment from a major national club store chain. This commitment is the largest initial order received to date by IFPG and is from one of North America's largest club store retailers....revenue expectations for this one item is in the eight to ten million-dollar range annually.
July 13....Richard Damion, Chairman and CEO of IFPG, (OTC Bulletin Board: IFDG - News) announced the completion of a national sales and marketing agreement with Mass Marketing Services of San Diego, CA. to represent several new products under the Golden Choice Foods® brand to Costco Wholesale.
Now look at that chart....a thing of beauty, loaded....look at the OBV, look at the volume spikes recently.
International Food Products Groups, Inc. Signs a National Sales and Marketing Agreement for Club Stores
Wednesday July 13, 8:30 am ET
http://biz.yahoo.com/prnews/050713/law043.html?.v=19
Reading the "other" board (raging bull) there were questions as to the float, whether or not this is real etc. I'm going to post the link to the SEC so anyone that has questions can read it for themselves.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001019216&owner=include
nice post!!! good luck! my feeling for IFDG is very strong!
greets
crap! Wish I had some funds free right now! Good dip.
I found a few recent PRs that didn't show up on my etrade account and you can see them on yahoo.com
The last few months of news has given IFDG the potential to explode. Just give it several more before it starts shipping its committed order in late september and we shall see where IFDG trades then. :)
Good volume since last week too.
pete
Personally hoping it stays low until monday or tuesday I'm freeing up some funds so I can accumulate in the .03's range... I didnt think .05's was bad so this is a bonus! Good luck!!
Have a nice weekend! Good week and great start point to move soon! imo
greets from g.
I bought some shares today at .038-.039- The latest pr's are very impressive. Hopefully they will have more news to report. Financials should be impressive given the size of the deals
Feel sorry for all that had HTDS today. They lost a court decision on a Cancer Drug that went to ATKJ. Yes, I got some of ATKJ before the weekend at .35. Word is just getting out.
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