$HISP New York, Nov. 16, 2016 (GLOBE NEWSWIRE) -- Hispanica International Delights of America, Inc.
Releases Shareholders’ Update
Revenues for Q1 rose 400% to $649,411 from $129,871 during the comparable quarter the previous year
Tangible current Assets rose 1,014% to $630,209 vs $56,560
NEW YORK, November 16, 2016 -- Hispanica International Delights of America, Inc. (OTCQB: HISP) ("Hispanica" or the "Company"
, a diversified food and beverage company in the Hispanic and ethnic food industry, today published a new shareholders’ update. There is also a new corporate presentation that includes information about Hispanica's competitive advantages and its corporate growth. The presentation will be utilized for future investor calls and road shows.
This presentation can be found at http://hispanicadelights.com/investors/
“Our company is now gaining momentum in terms of sales and revenues and market share growth,” stated Chairman and CEO Fernando Oswaldo Leonzo. “We are focusing our efforts in growing the company with new product offerings, expansion of distribution channels and making strategic acquisitions in keys markets where we can achieve the higher rates of revenue growth as well as margin expansion.”
"As mentioned in our previous shareholders’ update, we are now fully integrated in terms of our first acquisition, Energy Source Distributors, Inc. (ESD), and we have begun shipping our two proprietary line of products- GRAN NEVADA and Tropic Max Plantain Chips to our warehouse in Northern California. We are planning to add to our portfolio of products, which will increase our existing operations in Northern California, and eventually plan to move into the Southern California, NY/NJ and Mid-Atlantic regions. The following are our objectives for the coming two quarters:
Expand existing distribution operations in both Northern and Southern California, as well as in the Northeast and Mid Atlantic.
Increase our portfolio of exclusive brands.
Execute a second strategic transaction that will give our company a major footprint in a Top 5 market.
Expand the product offerings of the brands we are handling on an exclusive basis in order to increase gross margins.
Enter into strategic alliances in terms of distribution and capacity for increasing the product offerings in order to meet current demand for our products.
Formally bring on board additional industry veterans who will help the company in an advisory capacity, and whose experience and contacts will play a major role for our company in terms of dramatically increasing our footprint within this industry.”
The Company added over 1,400 retailers to now surpass 2,000 retail locations and will expand to over 5,000 retail locations.
Revenues for Q1 rose 400% to 649,411 from 129,871 during the comparable quarter the previous year and will continue to increase revenues from last year exponentially.
Q1 Highlights
Closed $7.5 Million credit facility.
Closed the acquisition of Energy Source Distributers, Inc., adding nearly $3 million in annual revenue, in an all cash transaction.
Expanded distribution into more than 2000 retailers including Walmart, 7Eleven, Safeway, Nob Hill, Kroger’s owned Food 4 Less, Valero Gas and Shell Gas chain stores.
Subsequent Events
Uplisting to OTCQB.
Increased Product Offerings to Include Tropix Max Plaintain Chips.
Mr. Oswaldo Leonzo continued, “Our strategy for fiscal 2017 is the same in that we want to grow our existing operations, expand our proprietary portfolio of products, and move forward with our next strategic acquisition. This will continue to expand our top line revenue growth as well as give the Company a positive cash flow operational platform. We want to reach profitability sooner than what our model has shown and we think that with the right strategic transactions and timing we can expect to achieve that."
"We ask our shareholders to please feel free to contact the Company, through our corporate media representatives, with any questions, comments, or inquiries. We are starting to see a level of interest not seen since we became a public company," concluded Mr. Fernando Oswaldo Leonzo.
For more information, please visit www.sec.gov to view our corporate filings.
About Hispanica International Delights of America, Inc.
Releases Shareholders’ Update
Revenues for Q1 rose 400% to $649,411 from $129,871 during the comparable quarter the previous year
Tangible current Assets rose 1,014% to $630,209 vs $56,560
NEW YORK, November 16, 2016 -- Hispanica International Delights of America, Inc. (OTCQB: HISP) ("Hispanica" or the "Company"
, a diversified food and beverage company in the Hispanic and ethnic food industry, today published a new shareholders’ update. There is also a new corporate presentation that includes information about Hispanica's competitive advantages and its corporate growth. The presentation will be utilized for future investor calls and road shows. This presentation can be found at http://hispanicadelights.com/investors/
“Our company is now gaining momentum in terms of sales and revenues and market share growth,” stated Chairman and CEO Fernando Oswaldo Leonzo. “We are focusing our efforts in growing the company with new product offerings, expansion of distribution channels and making strategic acquisitions in keys markets where we can achieve the higher rates of revenue growth as well as margin expansion.”
"As mentioned in our previous shareholders’ update, we are now fully integrated in terms of our first acquisition, Energy Source Distributors, Inc. (ESD), and we have begun shipping our two proprietary line of products- GRAN NEVADA and Tropic Max Plantain Chips to our warehouse in Northern California. We are planning to add to our portfolio of products, which will increase our existing operations in Northern California, and eventually plan to move into the Southern California, NY/NJ and Mid-Atlantic regions. The following are our objectives for the coming two quarters:
Expand existing distribution operations in both Northern and Southern California, as well as in the Northeast and Mid Atlantic.
Increase our portfolio of exclusive brands.
Execute a second strategic transaction that will give our company a major footprint in a Top 5 market.
Expand the product offerings of the brands we are handling on an exclusive basis in order to increase gross margins.
Enter into strategic alliances in terms of distribution and capacity for increasing the product offerings in order to meet current demand for our products.
Formally bring on board additional industry veterans who will help the company in an advisory capacity, and whose experience and contacts will play a major role for our company in terms of dramatically increasing our footprint within this industry.”
The Company added over 1,400 retailers to now surpass 2,000 retail locations and will expand to over 5,000 retail locations.
Revenues for Q1 rose 400% to 649,411 from 129,871 during the comparable quarter the previous year and will continue to increase revenues from last year exponentially.
Q1 Highlights
Closed $7.5 Million credit facility.
Closed the acquisition of Energy Source Distributers, Inc., adding nearly $3 million in annual revenue, in an all cash transaction.
Expanded distribution into more than 2000 retailers including Walmart, 7Eleven, Safeway, Nob Hill, Kroger’s owned Food 4 Less, Valero Gas and Shell Gas chain stores.
Subsequent Events
Uplisting to OTCQB.
Increased Product Offerings to Include Tropix Max Plaintain Chips.
Mr. Oswaldo Leonzo continued, “Our strategy for fiscal 2017 is the same in that we want to grow our existing operations, expand our proprietary portfolio of products, and move forward with our next strategic acquisition. This will continue to expand our top line revenue growth as well as give the Company a positive cash flow operational platform. We want to reach profitability sooner than what our model has shown and we think that with the right strategic transactions and timing we can expect to achieve that."
"We ask our shareholders to please feel free to contact the Company, through our corporate media representatives, with any questions, comments, or inquiries. We are starting to see a level of interest not seen since we became a public company," concluded Mr. Fernando Oswaldo Leonzo.
For more information, please visit www.sec.gov to view our corporate filings.
About Hispanica International Delights of America, Inc.
