JACKSONVILLE, Fla., Sept. 7, 2013 (GLOBE NEWSWIRE) -- Mr. Kevin Quirk, CEO of Stakool, Inc. (OTCBB:STKO), made the following announcement:
In an effort to continually keep our shareholders and interested parties informed, Stakool Inc.'s Board of Directors and management would like to update everyone on the current status of the Corporation.
Great progress continues on our previously announced acquisitions as we undergo the necessary duty of completing our due diligence. Completing the audited financials on our target acquisitions is crucial as it is required by the SEC. We are excited to announce that under the currently signed letter of intent, our primary acquisition, which is one of the leaders in High Pressure Pasteurization (HPP), is scheduled to close on or before November 1, 2013.
Starbucks' recent announcement of Evolution, their own line of HPP beverages, is one example of the upcoming transformations for healthier consumer product choices. Our vision is to become the leading HPP provider by creating our own wholesome brand of consumer products which will supply the growing demand of healthy consumers who are desiring better, healthier choices for themselves and their family.
In working with our acquisition candidates, we feel confident that processing revenues alone will achieve an annual revenue rate of $30,000,000. This number is based on current customers introducing additional products from their portfolio to HPP. This number also includes new customers/categories that are realizing the incredible benefits of HPP. In maintaining our goal of becoming the largest capacity holder of HPP, we look forward to quickly expanding into geographies where there is currently little to no capacity. In addition to the $30,000,000, we have been able to identify an additional $10,000,000 plus an annual revenue simply by processing for companies who are currently using HPP at facilities that are not geographically beneficial to them. Other companies in this space are valued at four to six times revenue in recent merger transactions.
Over the next several quarters we will begin to introduce new product lines and increase our order flow through new and existing customers. We will also pursue strategic vendor partnerships and marketing alliances in order to encourage maximum success. Finally, the company intends to reduce the amount of authorized common shares to 975 million once the reverse is effective.
The management and Board of Directors of Stakool, Inc. place enormous value on your investment in this company. Our highest priority is to make your investment succeed by increasing revenue, profitability and ultimately, share value.
We at Stakool, Inc. thank you for your continued interest and support and look forward to working together during these exciting upcoming developments of our incredible Corporation.
/s/ Kevin P. Quirk
Mr. Kevin P. Quirk, CEO
About Stakool Inc.
Based in Jacksonville, FL, Stakool and its subsidiaries seek "to be the catalyst to a better quality of life by offering health and wellness solutions that make sense and fit into the everyday lives of all consumers". Focused on three key strategic sectors: Food Processing, Water Management and Consumer Products, Stakool sets itself apart from the competition by marrying innovative technology and product development with perceptive marketing and sales service strategy.
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Stakool, Inc./Anthus Life Corp. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results
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