Hispanica International Delights of America, Inc. Provides Corporate Update
Apr 21, 2017
OTC Disclosure & News Service
-
New York City, April 21, 2017 (GLOBE NEWSWIRE) --
Hispanica International Delights of America, Inc. Provides Corporate Update
NEW YORK, NY April 21, 2017-- Hispanica International Delights of America, Inc. (OTCQB:HISP) ("Hispanica" or the "Company" ), a diversified food and beverage company in the Hispanic and ethnic food industry, announced today a corporate mid-year update covering Company activities, expected near-term events and comments on recent market conditions, as follows:
“2016 has been a transformative year for Hispanica as we evolved into our commercial stage and revenue generating mode,” said Fernando Oswaldo Leonzo, Chairman & CEO of the Company. “The continued execution on our business model and aggressive growth strategy has resulted in significant revenue generation. Our management team was able to secure additional financing for the company. Our focus will be to continue to build and expand our brands and distribution and grow our revenues to achieve profitability”.
“Our company has now turned the corner on integrating our DSD (Direct Store Delivery) operations as well positioning ourselves to introduce new brands that we have been working on acquiring and introducing them into our network of distribution both directly and through our wholesaler customers.” continued Mr. Fernando Oswaldo Leonzo. “We are now back on track with manufacturing our flagship products and will be giving more updates soon concerning the important development of Hispanica partnering efforts with larger players in the beverage industry.”
Here are our objectives for the coming two quarters:
The Company main corporate objectives for 2017 are as follows:
Increase our manufacturing capabilities to meet the rising demand for our products.
Engage and close new Licensing, Equity Stakes, and Exclusive Distribution Agreements with emerging growth brands in the Food and Beverage Industry that have the potential to cross over to mainstream markets and demographics.
Work towards additional strategic acquisition to bolster our revenues and our distribution networks.
Continue to bring on board industry veterans who will help the company in the corporate finance area to help the company continue to strengthen the company’s balance sheet “
To increase gross margins of our flagship products as well as overall operating margins by increasing the number of proprietary SKUs distributed by the company.
Achieve operational positive cash flow position by year end 2018
Major Milestones for Hispanica Over the Past Nine Months
Secured Financing for its Acquisition & Growth and Increase Cash Reserves
During 2016, the Company worked hard to secure financing for its growth and ongoing operations. To date, we have secured close to $1,000,000 in financing that was much needed to support our growing demand for our products.
ESD Acquisition and Integration
The company’s wholly owned subsidiary, Energy Source Distribution, Inc. has now been fully integrated into the HISP company. The company now has a platform from where to launch our upcoming products into the State of California. We have added new distributors that purchase our other portfolio products from Northern California down to Los Angeles, CA. We intend to leverage this network, in the largest state in the U.S., to disburse our GRAN NEVADA products as well as other brands we will be adding to our portfolio.
Summary
In summary, we are committed to driving topline performance with growth products in key geographic states, advancing and augmenting our pipeline of brands and aggressively managing our cost base. By doing these things well, we will preserve the ability to invest in our future, potentially start to generate strong cash flow and drive shareholder value and return over both the short and long term. Our main goal remains to continue our growth and achieve profitability soon.
Our strategy for fiscal 2017 is to grow our existing operations, expand our proprietary portfolio of brands, and to move forward with our next strategic acquisition that will continue to expand our top line revenue growth as well as give the Company a positive cash flow operational platform. We believe that we can get to an operational positive cash flow position by year end fiscal 2018 once we’re able to introduce our new brands into the marketplace where we already have a distribution foot print and where we can branch out from there. Our proprietary brands will allow the company to increase our operating margin hence allowing the company to get to a position of positive cash flow sooner.
For more information, please visit www.sec.gov to view our corporate filings.
About Hispanica International Delights of America, Inc.
