SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  For example, here is how to disable FireFox ad content blocking while on Silicon Investor.
Non-Tech
Massimo's Bakery (MDMI)
An SI Board Since October 1998
Posts SubjectMarks Bans
10 0 0
Emcee:  Massimo's Bakery Type:  Unmoderated
October 1, 1998

To: Shareholders
From: Massimo's Management

This letter is written as a follow up to current conversations regarding the status of certain agreements Massimo's has with American National Investments, Inc., (Kroger and Armed Forces)

Let me begin by saying that Massimo's is continually pursuing business opportunities and exploring joint venture relationship, which could lead to the expansion of our business base. Generally, our strategy is to find products and services that compliment our core bakery business. Then, to take these products and market them through our wholesale customer base or eventually through the Java Centrale franchise base. In addition, we are continuing to explore joint venture Internet "E-Commerce" opportunities.

One of the many opportunities that we have explored during the past few months has been the "ANI" opportunity. In this particular situation the products represented by ANI appeared to be a perfect match with our business strategy. Not only did the ANI products compliment our core product strategy but in addition the products also fit our distribution strategy. Consequently, we were eager to invest our time, efforts and money in pursuing the contracts that ANI presented to us.

Initially, we had our production staff prepare a budget for the ANI project based on the ingredients as presented to us by ANI. However, as we began to move into production, it became apparent that we were not going to be able to meet the economies of scale we originally projected because the ingredients and production process required by ANI were beyond the original scope as presented to us by ANI. Subsequently, we suggested to the management of ANI that we very much wanted their business however, we needed to have the flexibility to control the production process and to consider some flexibility in ordering ingredients in order to maintain the pricing structure ANI indicated they were looking for.

At this point, we have indicated to ANI that we would like for them to present us with a final ingredient list, at which point we would take that list and prepare "final" samples and pricing for their consideration. That is where we have left it with them.

Massimo's would obviously be interested in producing these products for ANI, however we must be able to product these products at a profit. It was our experience during the initial ANI production runs that there were still some issues that were being worked out within the ANI organization and more importantly some outstanding issues regarding the production process.

We hope that this is helpful in clarifying your understanding of the current relationship between Massimo's and ANI. Massimo's is currently waiting for the opportunity to present ANI a "final" bid.

Sincerely,

Crawford Shaw, Jr.
Bakery Operations President
&
Massimo's Management Team

 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
10 The answer to your question is "YES". I am the Director of Public two trades-6/15/1999
9 Subj:Internet Malls Date: 99-05-10 18:17:12 EDT From: leadingtechnologies To: oOld Stock Collector-5/16/1999
8 MDMI News first news since many many months with more to come. Tuesday March 2Old Stock Collector-3/23/1999
7 <b>>> ..........a sincere REMINDER and specific WARNING.......... &jmhollen-3/20/1999
6 ****5,270,450 shares held by 34 investors w/float of 6,000,000****** I'm suOld Stock Collector-2/6/1999
5 Thank you!!!!!!! Old Stock Collector-2/1/1999
4 I did! bigbuk-2/1/1999
3 I hope everyone sends them messages asking for news!!!!!!!!!!!! MDMI Old Stock Collector-2/1/1999
2 Keith, We will see if they answer their messages. Looks like they have not beenbigbuk-2/1/1999
1 Massimo's Bakery = java-centrale.com This is the site for MDMI for anyonOld Stock Collector-2/1/1999
 Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):