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Hispanica International Delights Of America, Inc.  (HISP)
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    Sector  Consumer Non Cyclical    Industry Nonalcoholic Beverages
 


 

Hispanica International Delights Of America, Inc.

Business Description


Hispanica International Delights of America, Inc. was incorporated on April 15, 2013 as a Delaware company and is engaged in the distribution of proprietary, licensed and third party Hispanic and ethnic food and beverages throughout the United States. HISP has already begun to distribute fruit juices, nectars, and milk based products and expects begin to distribute teas, carbonated drinks, dry goods, preserves, frozen foods and bakery products. The brands distributed are under a proprietary basis (through distribution agreements and/or exclusive licensing arrangements). Our brands emulate the flavors, tastes, and traditions which have been known for generations among the Hispanic and other ethnic groups and are now becoming part of the American mainstream diet.

HISP exclusively distributes about $200,000 in GRAN NEVADA (GN) products, and our objective is to grow the GN business to over $1 million per year. Our management team has over 30 years of combined experience in the Hispanic food and beverage industry to generate these sales. In July 2016, we acquired the company’s first Direct Store Delivery (“DSD”) in an all cash purchase. HISP has new key personnel with previous managerial experience to begin the implementation of increasing our sales to potentially growing the business with a target of $5MM in revenues with plans to continue its growth via mergers and acquisitions.


In October 2013 we signed a distribution agreement with Gran Nevada Beverage, Inc. (“Gran Nevada”), an entity related through common management. The agreement provides us with the right to sell and distribute Gran Nevada's beverages in Texas and California with purchase prices at the then applicable wholesale prices charged to Gran Nevada's distributors. The agreement is for an initial term of five years with automatic renewals of successive five year terms unless terminated. We initiated sales and distribution operations in March 2014.

We currently market and sell traditional Hispanic beverages as well as nationally recognized branded beverages through ESD. We plan to market and sell more traditional Hispanic and ethnic food packaged products and will license and/or acquire existing brands and distributors of Hispanic products. Brands sought by us are primarily engaged in the business of developing, manufacturing, marketing and selling unique, premium, alcoholic and non-alcoholic beverages as well as all natural food products that target toward Hispanic and ethnic-neutral consumers.

   

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