NO VIOLATIONS of the rules of FINRA or federal securities laws
Excerpt from Jan. 31/14 video interview with MRIB CEO and Santiago Ramos, Zodiac Brands founder:
Marani Brands and FINRA's office (OFDMI): All contracts that are related to press releases were submitted for review including Marani's international paperwork for mass distribution. After review, there were NO VIOLATIONS of the rules of FINRA or federal securities laws
MRIB Excerpts from Jan. 9/14 video interview with CEO:
1. Marani will be available in California, several locations and online
2. Before the end of the first quarter of 2014 Marani will start showing revenues
3. Agreements on the international market are based on letters of credit which allows 50% down on the LC for shipment of product and 50% on delivery
4. Marani has huge gross margins in its product and in shipments which means it technically pays for itself as soon as the letter of credit is open and they start shipping
5. Marani requested Aremenia to ramp up its production so Marani can keep up with demand out there
6. Expecting the shipments to begin before the end of the first quarter
7. For agreements with Brazil and Dominican Republic, the LC will be open upon readiness of the product to be shipped which should be shortly
8. Once the LC is open, Marani can draw down 50% on LC and Marani is financing itself and then Marani collects remaining 50% on the LC once product arrives, this is what Marani is basing all of its shipments and agreements on
9. Marani original shareholders represent about 25% of the outstanding stock and have been with Marani for almost up to 10 years
10. Marani is at a point in the company moving forward in swift manner, executing all agreements and putting together an incredible executive and management team that is going to take Marani to a global level
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