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Friday, July 10, 2015 10:12:55 AM
A.2. The Company previously stated that it has been working on lowering the cost to produce for grocery retail. As part of this effort, the Company is currently negotiating with 4 groups to fund and manage the sales and marketing of the Nate's Homemade product line. These discussions initially focused on international markets; however, these groups wanted to include the domestic market because of the size of the market. As such, the Company has included in these discussions distribution and sales within the domestic market with these groups. These groups have the capacity to acquire large quantities of the required raw materials thereby reducing the cost to produce each can. The advantage for the Company would be that these groups would pay for the costs to produce, market and sell the product and pay the Company a fee for each can sold. The groups range from private equity firms to large established food companies.
Another reason why the IP needed to be in this corporation.
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