By GlobeNewswire, October 02, 2013, 08:50:00 AM EDT
ATLANTA, Oct. 2, 2013 (GLOBE NEWSWIRE) -- Stakool, Inc. (OTCQB:STKOD), a developer, processor and marketer of healthy, better-for-you food products, announced that Ludlow Research has updated its research opinion on the company based on pending further reduction in shares authorized.
Pending Acquisition of HPP Operations
Acquisition of $30 to $40 Million in Sales Contracts
Name Change to Fresh Promise Foods, Inc.
Experienced Management and Branding Team
Dramatic Reduction in Shares Authorized
36 Million Shares Outstanding
Market Cap Approximately $1 Million
As Stakool, Inc. begins trading under its new corporate share structure, Ludlow Research has updated its short term valuation target based on the company's pending HPP acquisition, which could entail nearly $30 to $40 million in sales contracts.
In a Pre-14C filed with SEC on Oct. 01, 2013, the Company announced plans to change their name to Fresh Promise Foods, Inc. to better reflect their new business operations, and pending further reduction of their shares authorized from 4 billion to now down to 475 million.
As of September 30, 2013, there were approximately 36 million common shares issued and outstanding, giving the company a market capitalization of around $1 million. Based on their pending acquisition of the High Pressure Processing operations, consumer products division, and dramatic reduction in shares authorized, Ludlow Research has updated its market valuation to reflect these developments.
To review the report, disclosure, and other risk factors to this alert please visit http://www.ludlowresearch.com/uploads/stkod.pdf
About Ludlow Research
Ludlow Research is a New York-based equity research firm that focuses on providing research coverage to emerging small-cap companies. For over 14 years we have aimed to provide our readers a simple way of evaluating the current and potential value of small-cap clients, while garnering these clients greater market awareness from new investors. Our research reports also provide small-cap companies with much sought after quality research coverage with one of New York's fastest growing small-cap research firms. www.ludlowresearch.com
About Stakool Inc.
Based in Atlanta, Ga, 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.
Source: Stakool, Inc.