WTMK .0191 MERGER NEWS a/h!!!! 1.2 milly revs and just getting started and looking to become fully reporting.
Whitemark Homes, Inc. Announces Corporate Update on Merger With Ribbon Naturals Corp.
SARASOTA, Fla., Feb 12, 2010 /PRNewswire via COMTEX/ -- Whitemark Homes, Inc. (Pink Sheets: WTMK), is pleased to provide a corporate update for its shareholders and other interested parties. Whitemark Homes, Inc. is moving forward with a previously released proposed merger with Ribbon Naturals Corp. The Company is also continuing the process to upgrade its listing status to fully reporting.
The merger with Whitemark Homes, Inc. will provide Ribbon Naturals funding for distribution expansion and new product growth and provide working capital for their current successful strategic marketing concepts. This funding will put the company in a position to execute on its business plan and achieve the projections developed with data provided by their proven concepts.
Ribbon Naturals is an innovative and dynamic early stage nutraceutical company delivering leading edge products from over 70 proprietary and tested formulations. The company is well positioned to capture a share of the $4 billion global nutraceuticals market, which is growing at 8% and is the fastest growing segment in the $20 billion global natural foods market.
Ribbon Naturals products incorporate clinical strength, patented proprietary ingredients that are extensively tested to ensure they deliver top quality health solutions. Ribbon Naturals products address the growing demand for pure, safe, organic, nutraceutical products through a comprehensive line of proprietary formulations that support a broad product line with extensive applications.
Currently, Ribbon Naturals' annual revenue of approximately $1,200,000 is exclusively through Health Food Store distribution channels. Substantial revenue increases are projected through expanded activity in professional markets, international markets and Internet marketing.
"I am excited about the proposed merger with Ribbon Naturals," commented Whitemark Homes, Inc. president Barry Reese. "Their experience in the nutraceuticals market to date has demonstrated that consumers are willing to pay premium prices for the Company's top quality, market specific proprietary formulations of health products
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