Nate’s Food Co. Announces it has Finalized an Agreement to Purchase New Equipment Capable of Generating up to $40,000,000 A...
February 05 2015 - 8:00AM
Business Wire
Nate’s Food Co. (NHMD) announced today that the Company has
agreed to acquire a new rotary piston filling can line. The new
line will be capable of producing between 8,000,000 and 10,000,000
cans per year and will be completely installed at the Company’s
factory in Fairfield, California within the next 10-12 weeks. The
Company has begun moving its production from its Los Angeles
co-packer to its factory line in Fairfield. The initial components
are expected to be installed in the next 3-4 weeks with the
remaining components added on to increase the number of cans
produced per minute. As a result, the Company will be able to
supply product for the expected distribution agreements without any
delays.
The benefits of moving production from Los Angeles to Fairfield
include control over the production line and equipment, a 300%
increase in production space, additional storage for raw materials,
reduction in freight expenses and an increase in the quality
control of the product. The line cost approximately $400,000 and is
being financed by SouthCorp Capital (OTC: STHC).
About Nate’s Food Co.
Nate's Homemade is a food manufacturing and product development
company. Our flagship Pancake and Waffle Batter delivers a
delicious ready-to-cook, pre-mixed batter that makes light and airy
pancakes or waffles that are fun for the entire family to make
together. With no preparation or cleanup, we’ve made making
breakfast easier for your busy mornings.
Notice Regarding Forward-Looking
Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
and interim reports.
Contacts:Nate’s Food Co.Nate Steck(661)
418-7842info@nhmd.net
Nate’s Food Co.Nate Steck, 661-418-7842info@nhmd.net
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