InvestorsHub Logo

Taco1

12/16/17 6:07 AM

#33675 RE: jacksira #33674

Yates quoted words:

We can obtain higher margins in these locations and in the case of the restaurant channels will not be required to pay large “slotting fees” upfront before sales are made. An example of this is our relationship with Smash Burger, USA. Another opportunity that management is exploring is the overseas, particularly the Asian market. We have found that U.S. products are widely accepted in Asia and with our coconut waters being produced in Vietnam shipping costs to China, for example, will be much lower than that to the U.S. mainland, making our products very competitive there. To protect ourselves from currency variations and collections matters any orders we receive from outside the U.S. will be accompanied by a verified Letter of Credit from a recognized financial institution. PLSB