Minerco Inc (MINE)

[KULiquidGold]

Workhorse Brand. Anyone recall an earlier notification to the shareholders that "VitaminFIZZ was always scheduled to be profitable late in year three"? I don't recall a statement off the top of my head that said this was "ALWAYS SCHEDULED TO BE PROFITABLE LATE IN YEAR THREE". I'M trying to recall if this information was disseminated to the shareholders since it was always known...

11/13/2015

Workhorse Brand
The current situation for Minerco and its portfolio of companies is that only Avanzar delivers a positive bottom line, but this profit is reinvested in the constant expansion of Avanzar. VitaminFIZZ was always scheduled to be profitable late in year three, and we are just beginning year two. In early summer, even before the VitaminFIZZ negotiation began, we started exploring the possibility of a workhorse brand which will reach profitability in its first year to cover all general and administrative expenses (corporate overhead on all levels). By utilizing our unique advantage of owning our distributor, we were able to identify and secure rights to a brand that matched all of the criteria including: 1.) already developed, 2.) established branding, 3.) cash flow positive in year one, and 4.) easily integrated into our existing infrastructure network. The deal has been fully negotiated and is virtually complete except for the extension of the licensing agreement.