SANTA ANA, CA--(Marketwired - Nov 7, 2013) - Latteno Food Corp. (OTC Pink: LATF) today announce that it has received several cash and stock offers to buy out its high revenue and profitable Mekonza or its assets. After several weeks of negotiation and due diligence, the Company's management has decided to accept the cash offer from a yet-to-be-announced publicly-listed food importer; and reject the previously announced funding commitment that involved convertible debt.

The offer, to acquire 100% assets of Mekonza including clients base, technology know-how and equipment, consists of $500,000 cash upfront plus trailing payments based on revenues performance and milestone reached. Letter of intent has been signed by both parties; However, Latteno management reserves the right to omit the name of the suitor until a Definitive Agreement has been signed.