NEW YORK, Jan. 24, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Hispanica International Delights of America, Inc. (OTCQB:HISP) a brand accelerator focused on exotic brands in the alternative beverage and snack industry, announced today that its Board of Directors has authorized formation of a wholly owned subsidiary to pursue direct as well as indirect investment opportunities through a Joint Venture agreement with Shircoo, Inc. a Los Angeles based private equity firm.
“We had considered forming an investment subsidiary over a year ago, but securing the pipeline and operational expertise of a trusted partner had always been the missing link.”, stated Fernando Oswaldo Leonzo, CEO of Hispanica International. “We began preliminary discussions for this collaboration in mid-2017 as Shircoo increased its investment in Hispanica and provided strategic and financial guidance and flexibility to the company. Over time, we became increasingly confident that a broader based working relationship could offer potentially material benefits to our shareholders.
Shircoo’s systemic process of multi-stage investments can provide us unique opportunities with a quantifiable value proposition. Our objective for this subsidiary is to actively participate in potential upside of today’s emerging technologies and consumer trends without disruption to Hispanica’s core operations”. He concluded.
“This partnership illustrates our continued commitment and collaboration in Hispanica’s future. The timing for this JV is based on our view that paradigm shifts are currently taking place within the technology and consumer sectors which we believe offer attractive investment opportunities for our collective shareholders and investment partners. We look forward to sharing updates about our investments and portfolio companies as we make progress.” Concluded Max Toghraie, Shircoo’s Managing Director.
Shircoo, Inc. is a closely held private equity firm, based in Los Angeles, CA, focused on strategic opportunity investments within the public small cap and early stage private markets. In addition to various forms of debt or equity, the company provides advisory and outsourcing services for public listing, capital formation and regulatory matters. You can learn more about Shircoo at:
https://www.shircoo.com
About Hispanica International, Inc.
Hispanic International, Inc. (HISP) is a public company founded in 2013. Formed as an ethnic food and beverage company, HISP has leveraged innovation to re-shift its focus into a brand accelerator company with the goal of expanding its portfolio of all-natural exotic flavored beverage and snack brands. The HISP accelerator backs beverage/snack companies, which it can acquire, by building a proprietary distribution platform to enhance its own brands and position them for mass market entry.
HISP is also committed in building long-term relationships with its consumers by offering superior, high quality products at competitive prices. HISP is headquartered in New York and currently has distribution operations in New York City Tri-State Region, Washington DC Metro Area, as well as in Los Angeles and the Northern California Region.
For more information on Hispanica International, Inc. please visit
https://www.hispanicainternational.com
SAFE HARBOR ACT
Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations. of Hispanica International Delights of America, Inc. its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company’s financing being adequate for the Company to close this acquisition, being able to place its products in the retail stores, to launch its growth and expansion plans among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s Hispanica International Delights of America, Inc.’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of the Company’s Hispanica’s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in the Company’s Hispanica International Delights of America, Inc.’s filings with the Securities and Exchange Commission at www.sec.gov.
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