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NOW SHIPPING TO SEVEN WEST COAST STATES: WA, OR, CA, ID, NV, UT & AZ
https://www.amazon.com/MARKET-Fillets-Smoke-Baked-Package-fillets/dp/B06ZZ3ZLWC
SMOKY MARKET Salmon Fillets; NOT Salt & Sugar Brined, Purely Smoke-Baked. Taste The Purity! 1.5 lb. Package / 4 or 5 fillets / $1.75 per oz. - NOW SHIPPING TO: WA, OR, CA, ID, NV, UT & AZ
I'll just leave this [HERE]
SMOKY MARKET Salmon Fillets; Purely Timber-Smoked Without Salt & Sugar Brine, Taste The Purity! Available only in California and Nevada - Smoky Market
https://www.amazon.com/MARKET-Salmon-Fillets-Timber-Smoked-Without/dp/B06ZZ3ZLWC/
http://www.nasdaq.com/press-release/smoky-market-foods-moving-to-build-sales-and-grow-revenue-through-acquisitions-innovative-20150323-00660
Smoky Market Foods Moving to Build Sales and Grow Revenue Through Acquisitions; Innovative Acqui-Ship(TM) Program Showing Favor with Strategic Food Company Targets
By eTeligis, March 23, 2015, 10:30:00 AM EDT
Vote up AAA
Smoky Market Foods, Inc.
WEBSTER CITY, IA, United States, via ETELIGIS INC., 03/23/2015 - - Smoky Market Foods, Inc. (OTC Pink:SMKY) (PINKSHEETS: SMK), announcedtoday that its campaign to acquire strategic food related companies is moving forward extremely well, and will become the transforming factor that takes the Company into fast-track, scalable sales of its artisan Smoke-Baked foods. Said Eddie Feintech, Chairman, President & CEO of SMKY, Well be literally buying our way into national distribution of our product and in the process, near instantly becoming a multi-million dollar food revenue enterprise in 2015. The Company is tapping its two investment banking relationships that are providing both the qualified target food companies to acquire and the long-term, senior secured debt financing for acquisition capital.
Food processing companies generally initiate their sales and build revenue through organic growth, one food distributor or buying customer at a time; the Company has formulated its ACQUI-SHIP TM program to grow its sales and revenue cha nnels rapidly th rough strategic food company acquisitions. Our learning curve of oper ations these past few years has vividly shown me that the cost of new product entry into our markets is far too high and certainly far too slow when dealing with traditional distributor channels, Feintech said. The smoked food category is saturated with highly processed meat and fish products produced by a countless number of commercial processors, a nd regional/national d istributors simply have not been interested in taking on our artisan quality line without existing customers and /or demanding huge fees . S o were buying selected distributors and related food sector companies, and gaining firm control of our distribution platform , he continued.
The Companys Acqui-Ship concept is unique and proving to be well-received by food business owners who qualify , and to date, management has letters of intent (LOI) signed and in signing process with several companies that total nearly $30 million in revenue and operating income (EBITDA) exceeding $3 million. We describe Acqui-Ship as a harmonious integration of the key aspects of business acquisition and business partnership, said Feintech. We are dealing with successful food business owners (distributors, boutique processors & brokers) who have taken their business to respective l evels of profitability and are very receptive to the prospects of taking cash off the table and eliminating their financial responsi bilities, while gaining the opportunity to continue executing their long-term plan and fulfilling their entrepreneurial dream for the bigger payoff as a partner with SMKY, he continued. The Company intends to begin a media campaign to aggressively promote its Acqui-Ship program to expand its network of divisional operating companies, which will continually grow its revenue and food selling channels.
For the successful target food company, the owner receives an initial cash payment to take some capital gain and continues to run the business as a managing partner with the Company, receiving additional purchase payments over the next two years. In the third year, having grown the business core revenue and income, along with the additional revenue and income generated by the integration of SMKY food products, the owner will receive an earn-out payment, which is based upon a high multiple of the income generated that year. The owner is essentially selling his business to SMKY on the basis of a price ultimately to be determined three years later for the potential of greatly enhanced gain. Said Feintech, O ur investment bank will be sponsoring us for up-listing to a major exchange following the close of our initial bundle of acquisitions, with our trading EPS multiple expected to be 20x and probably higher, and well be acquiring our revenue from these Acqui-Ships at an earnings multiple of 6x affording us great financial leverage. Its a terrific win-w in business relationship for the owner and for us.
Included in the initial bundle of strategic food companies to be acquired are a food broker, food distributors, food processors, and a fish supplier/processor in Canada. The Company has coordinated the acquisition plan with its New York investment banking group and the present expectation is to complete the debt financing transaction of up to $15 million during July 2015, which provides the funds for the initial acquisition payments and an amount of operating capital. The secured debt transaction will be an interest bearing loan, which is paid off during a period of from five to seven years. We are in the final stages of wrapping up all LOIs and submitting o ur loan documents to the New York investment b ank , with a binding term sheet for the transacti on to be issued soon thereafter, Feintech said. The process of keeping SMKY financed during this time is also an on-going endeavor and we were able to recently receive investment support from shareholders to defray the costs of our year-end audit and forthcoming filings; however, at this time we do know our 10K filing will be late and our 10Q will be filed on time.
ABOUT SMOKY MARKET FOODS
Smoky Market Foods, Inc. is a producer and distributor of artis a n-quality, Smoke-Baked foods that are prepared authentically using a unique wood-burning oven system, and sold under the brand name s of Smoky Market and Smoky Kosher TM . Because of its proprietary wood-burning oven technology, which burns freshly-cut hickory and apple timber to impa rt a genuine smoky flavor, the C ompany's Smoke-Baked meat and fish are truly prepared the old-fashioned way, without the use of any additives or chemical preservatives. This aspect of quality wholesomeness in prepared food processing is a market niche feature. Smoky Market Foods, Inc. intends to build inter national retail and foodservice channels of distribution f or its smoked foods, and to accelerate its overall corporate revenue growth through making strategic food company acquisitions.
FORWARD-LOOKING STATEMENTS
Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: our limited operating history, need for future capital and need to enter into relationships with retailers for retail merchandising business, supply and distribution risks, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
CON T ACT:
SMOKY MARKET FOODS, INC.
Investor Relations
P.O. Box 2864
Aptos, CA 95001
buysmoked@smokymarket.com
SOURCE: Smoky Market Foods, Inc.
This article appears in: News Headlines
Referenced Stocks: OMEX, SMKY
Read more: http://www.nasdaq.com/press-release/smoky-market-foods-moving-to-build-sales-and-grow-revenue-through-acquisitions-innovative-20150323-00660#ixzz3VDlLsVbr
I am going to suggest that people listen to the show and then judge AFTER but you're certainly entitled to do that before if you wish.
GO SMKY
Eddie is trying to arrange additional time on Steve Crowley's show tomorrow; listen regardless but it will be doubly worth it if he can get the additional time
Sure, to "just" the moon, if you're on for just part of the SMKY ride
"Yes, I received your confirmation and your profile (SMKY) is now updated. You should be moved to Current information tomorrow morning."
It's my understanding they are working to post past shows; I'll have to ask for the update on that.
I had a privately recorded version for myself for the last show since I was offline at the time. This time through I'll be on the train at the time so I'll need the same work around for myself again.
If I did I probably couldn't discuss it. Or maybe I do and I cannot divulge that.
Regardless - I'm pretty smart without being held to a sheet of paper of what I can and cannot talk about, hence my suggestion to tune in tomorrow to find out for yourself.
We are fully current with all filings.
http://ih.advfn.com/p.php?pid=nmona&article=64764443
If you want more details on the good things to come be sure to tune in tomorrow to Steve Crowley's show
Watch the event at 5PM EST yourself and draw your own conclusions; for me to sit here and try to convince people one way or the other would be a fool's errand.
I am an owner of this company like any other share holder - I decided to engage on an additional level by supporting a marketing campaign which will be about the products to be sold and the efforts to sell them.
It is far more effective than sitting on a chat board all day with little else to otherwise do.
I want to effect a positive change for my company that has a product to sell. Today's campaign will be all about those efforts as they are planned to execute into 2015.
The promotion is about the products and the deals set to launch for 2015; it's ALL about the products and deals - not about selling the stock.
"when the company itself isn't even actively selling or promoting its product?"
It is trying to do that with this campaign "promoting its product."
This will be about the promotions of the products and the best way to sell is to advertise and promote the products; that is what the campaign is for.
That is why I made my investment in the marketing campaign.
GO SMKY
I supplied the cash; I cannot make private messages in here but if you're smart enough with a search engine you can find me - GO SMKY
"I see that yesterday's PR says the awareness was paid for IN CASH. There's no dispute it SAYS that, what's in dispute is whether it's TRUE. My question was, where is that cash coming from?"
That's almost boilerplate text for many companies and their audits; I've seen that many times before. The statement is meaningful and it is meant to show what it shows - here at SMKY and anywhere else it is listed.
ANY comapny that has "minimal revenues, have had negative working capital, have incurred recurring losses and recurring negative cash flow from operating activities, and have an accumulated deficit" is going to HAVE to WARN of this.
I've done my DD and I have been buying and holding for four years. I am only going to be "out" if they are fully dead and gone.
In the meantime - sell me your shares; I am STILL buying, adding 100,000 shares today
.002 to .035 - that's me looking back now to 12/2012 and into 03/2013
I can't wait for market close on 12/24/14 so I can look back on 12/02/2014 in much the same manner (sitting on gains)
GO SMKY
Yes... please keep selling at the bid; I can't get enough.
GO SMKY
See you all tomorrow...
Buying into the trips, that is exactly what I did with a vengeance.
It's easy to buy when the stock is climbing but it takes stones when a stock is falling.
Could be Excite@Home, could be Enron - we all know what happened with them. Could be Apple or Priceline, each from their near collapse a decade ago (and look where both are now).
At the end of the day do the DD.
I have. I see a business plan that never lacked vision but it did lack money (and it also suffered from bad luck and poor timing).
I believe that is behind us. 2015 with tell the tale. Go SMKY
That is where you're wrong. My first purchase was 15,000 shares at .35 (about $5,000 investment at the time; probably a hair higher).
Because I believed in the company and the message I kept buying in via $5,000 increments and my dollar cost average is now less than two cents.
So it is not a fat chance to recoup from a high buy price when you dollar cost average down (which I did) and the stock craters (which SMKY did on the back of the Asher liquidations) and when the price recovers (as it is and will still).
If I wanted to and if I sold slowly enough when the stock was .035 earlier in the year I could have pulled all my principal out and been in the black. I did take some cash off the table but I averaged back in when the price sank below .02 again so I have the same shares with less principal in.
Why?
Because I see a grand slam
I triple dog dare anyone to ask .015 or less; if I am "here" at the time I can assure you whatever the position, it will be gone.
Like it says in post 22329 from the filings:
"The Company received funding from Asher Enterprises, Inc. in return for promissory notes. Aggregate principal outstanding on the notes was $57,800 and $115,000 as of December 31, 2013 and 2012, respectively The notes accrue interest at an annual rate of 8% until repaid and are due 180 days after inception. The notes are convertible into shares of our common stock at conversion prices equal to a discount of 45% to the then current market price. As of December 31, 2013, two of the notes, aggregating $68,695 in principal and accrued interest, were in default as they had not been converted nor retired before coming due and therefore began accruing interest at 22%. Both of these remaining notes were retired in the third quarter of 2014 and the total amount of accrued interest was waived and not paid."
Asher has either been paid in full or the remainder of anything owed has been cancelled.
Since no more debt nor stock is due that prior financing is already baked into the current valuation of the stock.
That IS GREAT News as SMKY executes on its plans as the price has only "up" to go
All of this debt is dead and gone; all the shares disbursed are already accounted for in the present valuation of the stock
And your point to post this section is?
I own four of these units.
As far as my understanding goes - yes, with respect to "will the folks that purchased the $5k oven leases still receive the original stated payments now that MaryAnns is firing the ovens up"
I have four of those myself
;)
Anyone that knows me outside of this little house of fun knows exactly what I am holding onto despite my personal churn strategy (and it is a strategy) - it doesn't take a very smart person to Google me outside of here.
That being said my two years in the red were very, painfully, real.
As I watched us hit trips and I moved other money in I really questioned what I was doing.
Earlier this year at and above .035 I locked in some huge gains and as we slipped back under .02 I bought my entire position back (from the portions I sold) and am sitting on some cash.
I am still in the black today but I am not selling a single share from this point forward until after all the financials are filed and all of the efforts lined up begin moving forward.
Bulls make money, bears make money; pigs get slaughtered.
I will move positions out as I hit my PPS targets and if things go as I see them I will be fully retired before my 46th birthday in May.
Good luck to all.
You tell me from the below; that is just on the stuff I have churned over the past year.
I sold on the spikes and bought on the dips.
I am still sitting on a very large position
SMKY (832677108)
SMOKY MKT FOODS INC COM
Shares moved 5,374,358.000
Short Term Gain/Loss +$1,618.51
Long Term Gain/Loss +$45,991.12
Cost Basis +$56,410.76
Proceeds +$104,020.39
The financials are done and are being submitted and should be done before any actual action to have them revoked.
DON'T buy any more shares if you're all REALLY that sure that it is going to happen (that this is going to fail and they are going to be de-listed). I don’t agree with this line of thinking but you already have you’re write off as is if this is the course.
BUT, if they are getting current and have opportunities in the pipeline and the financing to back it SELLING you “paper losses” now simply are not worth it – cash those in when they are delisted and really worthless.
Again, I am sitting, holding, and waiting. Do your own DD but I have been sitting on shares (and adding to them) for three plus years
The attorney is working on 10k and is looking to file by 11–15.
The 10qs are to be filed by 11–25.
Don't take my word for it - contact Eddie yourselves.
Smoky Market Foods Inks Development Agreement with Iowa Processor, Includes Venture Financing
http://finance.yahoo.com/news/smoky-market-foods-inks-development-181000101.html
WEBSTER CITY, IA / ACCESSWIRE / July 16, 2014 / Smoky Market Foods, Inc. (OTC PINK: SMKY) announced today the execution of a strategic development agreement with its long-time, Iowa meat processing affiliate, MaryAnn's Specialty Foods, Inc. (MaryAnn's). "We've got a lot of years together and know each other very well; the owners of MaryAnn's know the industry and that it's a perfect time for our product niche. They are also a large shareholder who wishes to join forces with SMKY to support our success," said Eddie Feintech, Chairman, President & CEO of the Company. "MaryAnn's brings over 40 years of successful meat processing experience and a large customer base of value-added food buyers. This development agreement is a demonstration of their commitment to SMKY with a minimum $650,000 of inventory and receivable financing, which will enable a rapid growth of our revenue," he continued.
The two companies will coordinate their marketing efforts that will include introductions to MaryAnn's extensive commercial customer base and broker network for sales of SMKY product. The partnering affiliation with MaryAnn's also gives the Company's sales team greatly enhanced operating credibility for development of large-scale distributor and co-brand marketing agreements. Said Feintech, "Our existing production capacity gives us a wholesale revenue range up to $1.5 million per month and MaryAnn's is providing the venture financing to enable that level of sales to be achieved as soon as possible." He continued, "We now have in place the production capacity and the financing to make exciting co-brand marketing deals with regional restaurant chains and certain prepared food retailers and health-oriented grocery chains, and we believe that level of sales will get us into profitability."
The Company's operations under the development agreement get underway in mid-August, with MaryAnn's producing an initial amount of inventory to include SMKY's unique Smoke-Baked fish items and chicken to begin filling distribution channels. MaryAnn's will finance the required growth of inventory to accommodate increasing sales as well as the investment required for growth of receivables, which at full capacity of SMKY's existing oven will require capital in excess of $650,000. "We've forged a solid win-win financial marketing arrangement with MaryAnn's that gets SMKY quickly and efficiently into scalable sales, and rewards MaryAnn's with a reasonable compensation of 4% of product sales and a grant of five million shares of restricted SMKY common stock for the venture financing risk commitment," said Feintech. The development agreement has a one-year term, which is automatically renewable each successive year by mutual consent without additional compensation.
As further up-date on its progress toward bringing its filings current, the Company is now working to first complete both its 2012 and 2013 audits together so that its filings may be consolidated, thereby expediting the process and reducing the cost. Said Feintech, "With both audits getting done and production commencing in August, September is looking to be an exciting month for becoming current on all filings and growing sales revenue."
About Smoky Market Foods
Smoky Market Foods, Inc. is a producer and distributor of artisan-quality, Smoke-Baked(tm) foods that are prepared authentically using a unique wood-burning oven system, and sold under the brand names of Smoky Market(r) and Smoky Kosher. Because of its proprietary wood-burning oven technology, which burns freshly-cut hickory and apple timber to impart a genuine smoky flavor, the Company's Smoke-Baked meat and fish are truly prepared the old-fashioned way, without the use of any additives or chemical preservatives. This aspect of quality wholesomeness in prepared food processing is a market niche feature. Smoky Market Foods, Inc. intends to build international retail and foodservice channels of distribution for its smoked foods, and to accelerate its overall corporate revenue growth through making strategic food company acquisitions.
Forward-Looking Statements
Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: our limited operating history, need for future capital and need to enter into relationships with retailers for retail merchandising business, supply and distribution risks, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
SMOKY MARKET FOODS, INC.
Investor Relations
P.O. Box 2864
Aptos, CA 95001
515-724-7976
buysmoked@smokymarket.com
SOURCE: Smoky Market Foods, Inc.
Perhaps they should - I won't expect them to be there for too many more days.
People said the same thing at .012 as well and here we are today staring right at .04
I thought the stock was a good buy under the DD I did when it was in the .30s range. DD is not luck. “Trader” presumes I’ve done a lot of buying and selling. Have I traded some? Sure but you don’t go from 40,000 shares to over 10 million by trading. I like to think a little less on the “luck” and a little more on the “smart”.
The business plan has always moved along within a range – sometimes a little to the left and sometimes a little to the right but it never “fully” strayed from the path. It ran into hard times and financing issues but Eddie (to date) never added to the initial 200M shares and still hasn’t to this day.
Have shares been added to the free market float? Sure – ever time Asher converted and I took advantage every single time and averaged down.
I could exit right now at an average gain of +80% across my accounts (if I could do it slowly enough to not tank the price which I honestly believe at present volume levels I couldn’t do) but I don’t for the simple reason that I believe there is much more to run on this and I am not going to sell low.
As I mentioned – SMKY was a good buy under the DD I did when it was in the .30s range so when it was sub penny it was a steal. All that was missing was the money to get them off the ground. With what’s been publicly announced I believe those commitments are there and we will see the business plan executed on, the stock appreciate, and an eventual up listing to one of the major exchanges.
While it was painful to "watch" the benefit from all the ASHER conversions is that I picked up a ton of shares at sub penny.
And now Asher is gone so no more worries there.
My average PPS is under two cents.
I am now the second largest shareholder.
I am sitting on over ten million shares and I am not selling despite being up 268.19% in one account and 108.22% in another.
My "worst" account is "only" up 57.86%
And this week's news isn't even out yet.
So I am either a genius or a complete moron but either way I am in it for the grand slam that I expect is coming because I feel like we've taken enough strikes (and those were swung at and not "called" by looking).
Where some people are / have been I don't blame you if you feel that way. I am not trying to change the way you feel. I am only expressing here what I see / feel / think.
I may have been “gone” a while but if you recall me, I have always been bullish. I do recall you’ve had your present stance for quite some time (if not the entire time).
I feel from what I've seen and heard, I believe he is genuinely trying to get this business jump started.
He could have gotten more toxic debt but didn't.
He's still a major shareholder and could have voted with others to issue more shares and he hasn't.
He is securing new lines of credit to push the business off the ground.
Until I “see” him do something else or feel he’s being less than honest I will continue to have faith.
It may never come but I do know the Wright brothers had to crash a lot of planes before one took off.
They are coming - the outlined timeline has been given.
But hey - I am willing to keep buying shares below .03 so keep selling. I specially like the 20,000 share blocks thrown on the BID.
My most expensive 40,000 shares are at .40 and I have millions at .005
I have been waiting two years - I can manage another month or two.
Asher is paid off so that debt is gone - nothing but up from here
Asher was a risk and it DID cause negative impact. It was that or additional dilution of existing shares and / or additional issuance of more stock; that was something Eddie managed to NOT have to do ALL this time. That takes white knuckle courage.
I had a discussion with Eddie - Asher is paid and gone.
That is a big issue resolved.
Selling on this news is going to be a mistake.
There are always opportunities to "sell on the news" and lock in some profits.
The PPS is still below value.
The release is on MarketWired and making the rounds.
I am sure there is more to hear over the next week or two.
http://finance.yahoo.com/news/smoky-market-foods-fuels-operations-121000891.html
http://www.smallcapnetwork.com/Smoky-Market-Foods-Fuels-Operations-With-Investor-Support/s/via/18950/article/view/p/mid/1/id/4373/
http://articles.marketwatch.com/story/smoky-market-foods-fuels-operations-with-investor-support-2014-07-08
Smoky Market Foods Fuels Operations With Investor Support
WEBSTER CITY, IA--(Marketwired - Jul 8, 2014) - Smoky Market Foods, Inc. (OTC Pink: SMKY) (PINKSHEETS: SMKY) announced today that continued investor support being received principally from existing shareholders is fueling operations and keeping the Company on track with the process of manicuring its corporate profile. "It's been the incredible support from shareholders that has been funding our operations via favorable financing structures, especially during a time when SMKY's collapsed market would have otherwise resulted in huge shareholder dilution from traditional investment banking investment," said Eddie Feintech, Chairman, Pres. & CEO of Smoky Market Foods, Inc. "We're in firm control of our destiny," he said.
The Company has been using its financing to further the achievement of all activities set forth in its news releases of early May that included audits & filing work, payoff of convertible debt, positioning to begin production and distribution, and creation of strategic marketing and operating affiliations with food companies for partnering and/or acquisition. Said Feintech, "We have sufficient capital in the bank to complete the follow-through of all activities that will manicure our corporate profile and launch SMKY into revenue-generating operations." The Company has achieved or is continuing to achieve the following activities:
Audits/Filings: Though losing a month with replacing its auditor, the Company is near completion of its 2012 audit and will begin making its 2012 10K and 2013 10Q filings later in July, and will have its 2013 audit completed in August, with remaining filings for its 2013 10K and 2014 10Qs beginning in late August and into early September.
Convertible Debt: The Company used financing to pay off all outstanding investment bank convertible notes and there is no remaining debt that is convertible into free-trading market shares, nor is there any amount of market shares outstanding that are still held in connection with the previous conversions of convertible notes. Said Feintech, "In connection with the Company's interim financing structures that have and are currently funding our present operations, I confirm that there is no financing transaction which is not representative of a completely favorable value to existing shareholders."
Production/Distribution: The Company is on schedule to commence production and distribution of selected products beginning in August and will have a featured selection of new and delectable Smoke-Baked fish species for wholesale to commercial end-users; retail sales to consumers including Internet begins in October. The Company's unique quality of Smoke-Baked Salmon has shown consistent demand by restaurants in Iowa and distribution channels for this product have come into place that are national and international in scope. "We see the marketplace for value-added prepared fish is especially large and presently growing internationally at the fastest rate of any prepared food category, and our proprietary Smoke-Baking process yields the purest, most nutritious and flavorful wood-smoked fish of any commercially produced fish," Feintech continued. "We'll lead and entice the world market with new Smoke-Baked fish species including Barramundi, Tuna, Tilapia and Mahi Mahi," said Feintech. The Company's exciting line of Smoke-Baked fish and other menu items will be available through wholesale and retail channels of distribution for this year's holiday season.
Marketing/Operating Affiliations: The Company is forging marketing and operating (reseller) affiliations with raw product suppliers of its fish and chicken, and signing marketing agreements with specialty food distributors for institutional & foodservice distribution. Additionally, as a result of a major operating affiliation soon to be announced this month, the Company has secured substantial financing that will enable co-brand marketing affiliations to be forged with large regional and national restaurant chains that are seeking incremental income by menu enhancement, and especially those chains that seek to build or expand their breakfast and lunch business using the Company's artisan quality of Smoke-Baked fish and chicken. Said Feintech, "Major restaurant chains are announcing their intent to convert to purchasing only 'nutritious' value-added proteins by 2016, but we can deliver this quality to them now and at prices that give us the edge."
Strategic Acquisitions: The Company's master marketing plan for mass distribution of its products is centered around the establishment of regional distribution/fulfillment centers that are strategically aligned so as to enable the Company to ship product to commercial and consumer end-users by cheap, next-day ground delivery. To this end, the Company is quickly moving to exploit the investment banking commitment it has for placement of acquisition debt financing and is presenting letters of intent to certain boutique food processors, specialty gourmet distributors and Internet food sellers that meet its requirements to provide such strategic operating benefit. Said Feintech, "We're now poised, with the prospects of acquiring these food sector companies, to establish our mass distribution system as envisioned, and do so in such manner so as to have the entire network be self-financing from day-one." The Company intends to bundle enough target acquisitions in the next few months to not only acquire several million dollars in revenue and cash flow, but also set its distribution system into place to qualify with next-day delivery for marketing affiliations with Amazon and other on-line grocery sellers.
ABOUT SMOKY MARKET FOODS
Smoky Market Foods, Inc. is a producer and distributor of artisan-quality, Smoke-Baked™ foods that are prepared authentically using a unique wood-burning oven system, and sold under the brand names of Smoky Market® and Smoky Kosher. Because of its proprietary wood-burning oven technology, which burns freshly-cut hickory and apple timber to impart a genuine smoky flavor, the Company's Smoke-Baked meat and fish are truly prepared the old-fashioned way, without the use of any additives or chemical preservatives. This aspect of quality wholesomeness in prepared food processing is a market niche feature. Smoky Market Foods, Inc. intends to build international commercial and retail channels of distribution for its smoked foods, and to accelerate its overall corporate revenue growth through making strategic food company acquisitions.
FORWARD-LOOKING STATEMENTS
Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: our limited operating history, need for future capital and need to enter into relationships with retailers for retail merchandising business, supply and distribution risks, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
Contact:
SMOKY MARKET FOODS, INC.
Investor Relations
P.O. Box 2864
Aptos, CA 95001
515-724-7976
buysmoked@smokymarket.com
http://finance.yahoo.com/news/smoky-market-foods-fuels-operations-121000891.html
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