Marani Brands Inc OTCPK:MRIB just landed a $35 million dollar contract in Mexico:
TUSTIN, CA--(Marketwired - Apr 1, 2014) - Marani Brands (OTC Pink: MRIB) (PINKSHEETS: MRIB) Marani Brands has executed through Marani Spirits a 35 Million Dollar distribution agreement. With trademark acceptance complete the Company will go forward with a 5 year commitment that will start with a minimum of 1 container per month in the 3rd quarter of 2014.
For more information on Marani Brands: http://www.maranibrands.com
Let's do the math:
-$35 million over 5 years = $7 million a year
-$7 million / 12 months = $583,333 a month revenue.
Marani Brands Inc just received their license to distribute to Florida. (View license info here) The award winning vodka is already selling out across the 25 states in America after the CA ABC license approval through distributors such as Hitimewine.net and Specialty Cellars.
The company also announced that they will be paying 5% dividends to shareholders by April 14th, 2014. Article found here.
The next announcement should be revenue reports which were said to be released by the end of the first quarter. We should expect those within the next week.
The company and CEO have been quite focused on their campaign of bringing their award winning vodka back into the spotlight.
Disclosure: I am long MRIB.
Additional disclosure: I recently bought more shares after seeing more developments with MRIB. Revenue reports are to be released soon.