Date: Mon, 29 Dec 1997 17:38:58 GMT Server: Apache/1.2.0 Last-Modified: Mon, 17 Nov 1997 21:18:39 GMT ETag: "199b-684-3470b4af" Content-Length: 1668 Accept-Ranges: bytes Connection: close Content-Type: text/html
CHINESE JOINT VENTURE
MAJOR PROFIT OPPORTUNITY
In October, 1996, Krantor entered into an exclusive ten-year distribution agreement with a major Chinese trading company to distribute frozen squid in the United States. In order to maximize penetration into the U.S. market, the Chinese trading partner will finance the purchase and sale of frozen squid.
Also known as calamari, squid has become an increasingly popular
menu item in the U.S. To date, Krantor has been enjoying considerable success
and significant profit margins in the distribution of frozen squid to major
retail, wholesale and institutional accounts. This distribution agreement
is expected to position Krantor as one of the nation's leading providers
of frozen squid, and should secure the company a substantial profit center
and significant distribution platform on which to introduce other frozen
seafood products.