BEVERLY HILLS, Calif.--(BUSINESS WIRE)--SouthCorp Capital, Inc. (OTCQB: STHC) announced today that it has entered into an agreement to produce two weight loss products for a Company that will produce and air infomercials. The company expects to begin producing the products within the next 75-90 days. According to a new market research report the global weight loss market is expected to reach $206.4 Billion by 2019 from $148.1 Billion in 2014 with the North American market will account for nearly 43% of the total revenues.
The Company is currently building a factory in Indiana that would be capable of producing the weight loss products. The Company will currently outsource the production to outside factories and labs.
On February 19, 2015, the Company has made an offer to acquire an approximately 20,000 square foot facility in Indiana. The factory would be capable of producing up to 50 million cans per year for Nate’s Food Co. (OTC: NHMD), which would generate up to $25 million per year in revenue for SouthCorp Capital. The factory includes 5 acres that the Company can build to expand the capacity of the factory to 250 Million cans per year. This acquisition is in addition to the property filed with the inspector on February 17, 2015.
About SouthCorp Capital. Southcorp Capital, Inc. is a Delaware corporation that focuses on acquiring residential, commercial and industrial properties.
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