SouthCorp Capital Announces It Has Agreement To Produce Two Weight Loss Products for Infomercial Company. Weight loss market ...
February 25 2015 - 8:00AM
Business Wire
SouthCorp Capital, Inc. (OTCQB: STHC) announced today that it
has entered into an agreement to produce two weight loss products
for a Company that will produce and air infomercials. The company
expects to begin producing the products within the next 75-90 days.
According to a new market research report the global weight loss
market is expected to reach $206.4 Billion by 2019 from $148.1
Billion in 2014 with the North American market will account for
nearly 43% of the total revenues.
The Company is currently building a factory in Indiana that
would be capable of producing the weight loss products. The Company
will currently outsource the production to outside factories and
labs.
On February 19, 2015, the Company has made an offer to acquire
an approximately 20,000 square foot facility in Indiana. The
factory would be capable of producing up to 50 million cans per
year for Nate’s Food Co. (OTC: NHMD), which would generate up to
$25 million per year in revenue for SouthCorp Capital. The factory
includes 5 acres that the Company can build to expand the capacity
of the factory to 250 Million cans per year. This acquisition is in
addition to the property filed with the inspector on February 17,
2015.
About SouthCorp Capital.
Southcorp Capital, Inc. is a Delaware corporation that focuses on
acquiring residential, commercial and industrial properties.
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.
Contacts:SouthCorp Capital, Inc.Joseph
Wadeinfo@southcorpcapital.comwww.southcorpcapital.com
SouthCorp Capital, Inc.Joseph Wadeinfo@southcorpcapital.com
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