DELRAY BEACH, Fla., July 16, 2013 (GLOBE NEWSWIRE) -- Mister Goody, Inc. (OTCBB:MSGO) is providing the following corporate update regarding its business and partially owned subsidiary, The Naked Edge, LLC:
Naked Edge manufactures Veggie Go's, an organic fruit and vegetable snack currently sold at more than 350 retail locations in the United States and Canada. The product is made with natural ingredients and appeals to a wide range of health conscious consumers.
For the fiscal year ending March 31, 2013, Naked Edge generated $94,102 in net revenue, compared to $8,346 during the previous year. For the three month period ending June 30, 2013, Naked Edge anticipates reporting net revenue of approximately $75,000. Net revenue has increased due to growth in wholesale distribution, retailer interest and consumer demand.
Mister Goody owns 50% of the voting rights and 40% of the economic rights of Naked Edge. In addition, Mister Goody is entitled to consulting fees from Naked Edge after certain milestones are achieved.
Recently, Mister Goody expanded its team by engaging three experienced food industry professionals. With the expanded team, Mister Goody believes it is better positioned to maximize shareholder value by developing a wholly owned product line or through strategic investment in the food or beverage industry.
About Mister Goody, Inc. (OTCBB:MSGO)
Mister Goody provides management consulting services to its partially owned subsidiary The Naked Edge, LLC. Naked Edge manufactures Veggie Go's, an organic fruit and vegetable snack. Mister Goody's services include consulting on matters relating to product development, packaging, sales, marketing, distribution and business management.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the company's control.