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Replies to post #34740 on RUMORED NEWS, NEWS and STOCKS GOINGUP
PENNIEStoSTACKS
01/18/15 11:55 PM
#34741 RE: PENNIEStoSTACKS #34740
Nate’s Food Co. Announces Initial Delivery Date of 1st Quarter 2015
SouthCorp Capital Announces it has Agreed to Provide $200,000 in Financing to Nate’s Food Co.
The 3 food brokers have previously worked with Nate Steck for over 14 years and assisted in the sales of nearly $200,000,000. This will represent the first time that the 3 brokers will be working together as a group.
It is anticipated that any order from a major grocery chain (i.e. Wal-Mart, Costco, Target, Kroger) would be for 70,000 – 90,000 cans per week per chain (or 3.6 Million to 4.7 Million on yearly bases). We currently have the ability increase our capacity to make 10-12 Million cans a year. Our goal is to have Nate’s producing and selling its capacity within the 12 months.
Nate's Foods Co., Inc. was incorporated under the laws of the State of Colorado on January 12, 2000. In May 2014, the Company executed a licensing agreement to market and sell the product Nate's Pancakes. Our license agreement is exclusive throughout the world. The product is currently sold under the name "Nate's Homemade.