BEVERLY HILLS, Calif.--(BUSINESS WIRE)--SouthCorp Capital, Inc. (OTCQB: STHC) announced today that the Company has acquired a new rotary piston filling can line for Nate’s Food Co. (OTC: NHMD). The equipment cost approximately $400,000 and the Company receives revenue for each can produced from the equipment. The new line will be capable of producing between 8,000,000 and 10,000,000 cans per year. The initial components are expected to be installed in the next 3-4 weeks with the remaining components added on to increase the number of cans produced per minute. The Company currently is forecasting that the new equipment will generate approximately $1 Million a year revenue. Once the factory in Indiana is completely built, the Company is expecting to generate revenues of $10-30 million per year.
About SouthCorp Capital. Southcorp Capital, Inc. is a Delaware corporation. The Company focus is on the acquisition and renovation of single-family and mutli-family properties in the U.S. with the intent of reselling the property after renovations have occurred. Our real estate investments are expected to focus properties undervalued and/or in need of some repairs.
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